Private Buyers Acquire Retail Properties At Bermuda Square Shopping Center, Chester VA For $5.4M

A private buyers have acquired two retail properties in the popular Bermuda Square shopping center in Richmond, VA. The properties, located at 12531-12533 Richmond Highway in the suburb of Chester, were sold for a total of $5,385,000. The properties were described as strong investments due to their well-established tenants and long-term leases or success at the center.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,385,000
• Address: 12531-12533 Richmond Highway, Chester, VA
• Market: Chester, VA

The deal was facilitated by the brokers Brad Peterson, Jay O’Donnell, Jeff Fritz, and Michael Brewster from Colliers. They played a key role in bringing together the private buyers and ensuring a successful acquisition. The brokers' expertise in the retail market and their strong network of connections contributed to the smooth execution of the transaction.