Premier Acquires 68,000 sf Chesterfield Retail

Chesterfield Crossing Shopping Center

On July 22, 2021, Premier closed on the acquisition of Chesterfield Crossing Shopping Center in Chesterfield County, Virginia — a suburb of Richmond. The property was 91% occupied at the time of purchase. The 68,000 sf property includes a dozen in-line stores physically connected to Walmart on one side and Home Depot on the other side. Two pad sites are also included. Major tenants include Verizon, PetSmart, 2nd and Charles, Great Clips, and Kids First Swim School. Premier Management Services will provide property management. Fifteen year fixed rate financing was provided by Community Bank of the Chesapeake, with assistance from Keith Wells of Northmarq. The seller was The Peterson Companies, represented by Mat Adler of Newmark. Leasing will be handled by Alicia Brown and David Crawford of Thalhimer. The property will be known as Premier Crossing and is expected to be a long term hold for the company.