McLean, Virginia-based S2 Capital Partners has purchased an 8-acre center on the outskirts of Richmond with plans to build it out to its full potential.
The company paid $12 million for the 52,000-sq.-ft. Stonebridge Marketplace, and principal Rob Seidel told Richmond Biz Sense that it plans to add 7,200-sq.-ft. and 8,400-sq.-ft. buildings to fill out the strip that fronts a 123,000-sq.-ft. Kroger Marketplace.
Current tenants include Firestone, Panda Express, Mattress Firm, Qdoba, and AT&T.
Stonebridge Marketplace occupies the site of the Cloverleaf Mall, one of the first enclosed shopping centers in the region. Stonebridge replaced it in 2007.
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