ARLS Properties LLC Acquires Development Site In Highland Springs For $1.5M

Located at 301 South Airport Drive in Highland Springs, VA, a Development Site spanning 4.68 acres was recently sold for $1,500,000. The transaction involved ARLS Properties LLC purchasing the land from Marchetti Properties. The sale was facilitated by brokers Connie Jordan Nielsen & Nicki Jassy of Cushman & Wakefield.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,500,000
• Address: 301 South Airport Drive
• Market: Highland Springs, VA
• Asset Type: Development Site
• Acres: 4.68
• Buyer: ARLS Properties LLC
• Brokers: Connie Jordan Nielsen & Nicki Jassy - Cushman & Wakefield

The sale of the 4.68-acre development site at 301 South Airport Drive near Richmond International Airport in eastern Henrico County marks a significant move in the real estate market. Cushman & Wakefield | Thalhimer played a crucial role in completing this transaction, enabling ARLS Properties LLC to acquire the land for a retail development project from Marchetti Properties.