Heidenberg Properties Group acquires Culpeper Colonnade from Regency Centers for $32.65 million
CULPEPER, VA — Heidenberg Properties Group announced the $32.65 million acquisition of the Culpeper Colonnade in Culpeper from Regency Centers Corporation. The newly acquired property is a 307,000 s/f shopping center anchored by a 70,000 s/f Martin's Food Market, a 127,000 s/f Target, a 36,000 s/f Dick's Sporting Goods, a 21,000 s/f PetSmart, and a 15,000 s/f Staples which will be replaced by a 16,000 s/f Michaels. In addition to these national anchors, the center has a number of compelling fast-casual dining options including Chick-fil-A, Panera Bread, Glory Days Grill, Chipotle, and IHOP. The center is currently 100% occupied and is located approximately 65 miles southwest of Washington, D.C.