Rosenthal Properties, FarmViewVentures & HIG Realty Partners Acquire Retail Property In Midlothian, Richmond & Henrico, VA For $110M

Rosenthal Properties, FarmViewVentures, and HIG Realty Partners have acquired a retail property located at 12501-12715 Stone Village Way, 1502-1532 North Parham Road, 1503-1567 North Parham Road, and 8943-9097 Staples Mill Road in Midlothian, Richmond, and Henrico, VA. The property spans a total area of 592,000 square feet. The transaction closed on June 2, 2023, with a sale price of $110,000,000.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $110,000,000
• Address: 12501-12715 Stone Village Way; 1502-1532 North Parham Road; 1503-1567 North Parham Road & 8943-9097 Staples Mill Road
• Market: Midlothian, Richmond & Henrico, VA
• Buyer: Rosenthal Properties, FarmViewVentures & HIG Realty Partners
• Brokers: Jordan Roeschlaub, Dustin Stolly, Chase Tagen & Hudson Barineau - Newmark

The acquisition was facilitated by Jordan Roeschlaub, Dustin Stolly, Chase Tagen, and Hudson Barineau of Newmark, who represented the buyer group in the transaction.