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WP Realty acquires Chesterfield Marketplace
Midlothian, Va. -- Bryn Mawr, Pa.-based WP Realty announced Thursday that it has acquired Chesterfield Marketplace located in Midlothian, Va.
This transaction marks WP Realty’s 10th acquisition of the year.
Chesterfield Marketplace is a one-story, 428,576-sq.-ft. community shopping center anchored by PetSmart, Staples and TJ Maxx, and shadow anchored by Home Depot and Toys “R” Us.
The portion of the center acquired, 197,942 sq. ft., is currently 54% occupied with 91,232 sq. ft. of available space.
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REI makes Indiana debut
SEATTLE — Recreational Equipment Inc. announced that it will open its first Indiana store in Indianapolis next spring.
According to the company, the one-story, approximately 23,800 sq.-ft. store will offer products from the top brands of outdoor gear and apparel for camping, climbing, cycling, fitness, hiking, paddling, snow sports and travel. The Indianapolis store will also house a bike shop for quick assemblies and repairs, and a seasonal gear rental department for customers looking to test new activities, REI reported.