Cushman & Wakefield | Thalhimer is pleased to announce the sale of the former Leggett’s Department Store, as well as Schewels Home Corporate Office Headquarters in Lynchburg, Virginia.
West on Church & Main, LLCpurchased both properties and plans to redevelop them with a combination of residential and commercial space.
The former Leggett’s Department Store, a retail building consisting of 41,143 square feet, is located at 1011 Main Street, and was formerly owned by Marketplace of Lynchburg, LLC. The purchase price for the former Leggett’s Department Store was $495,000.
Schewels Home Corporate Office Headquarters, an office building consisting of 60,630 square feet, is located at 1031 Main Street, and was formerly owned by Schewels General Investment Partnership. The purchase price was $1,400,000. Schewels will be relocating their corporate offices.
George M. Lupton, III, CCIM and Norman K. Moon, Jr., CCIM, SIOR, CRE, FRICS andof Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.
About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, VA; and Charleston, Columbia, and Greenville, SC. The company has over 100 broker professionals and employs over 425 associates. Thalhimer represents, on behalf of its clients, a property portfolio of over 57 million leasable square feet, and management of over 32 million square feet of commercial property, and over 9,600 multifamily units. In 2020, Thalhimer completed over 1,700 transactions with a transactional volume of more than $1.35 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services. The firm offers comprehensive commercial real estate services including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties.
To learn more, visit www.thalhimer.com or follow @Thalhimer on Twitter.
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About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation, and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
