Continental Realty Corp Acquires Richmond Retail Property From ShopCore For $22M

The asset involved in the transaction is a retail property located at 9782 Gayton Road in Richmond, VA. The property, known as Gayton Crossing, comprises 160,830 square feet and was sold for $22,000,000 at a price per square foot of $137.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $22,000,000
• Address: 9782 Gayton Road
• Market: Richmond, VA
• Buyer: Continental Realty Corp
• Seller: ShopCore
• Brokers: Daniel Naughton, Dean Sands & Jordan Lex - JLL

Continental Realty Corp., in its first Virginia acquisition, secured Gayton Crossing from ShopCore with the assistance of JLL, marking a significant entry into the Richmond retail market.