Cushman & Wakefield | Thalhimer broker sale of former Leggett’s Department Store and Schewels Home
- MAREJ
- Sep 14, 2021
- 1 min read
LYNCHBURG, VA — Cushman & Wakefield | Thalhimer announced the sale of the former Leggett’s Department Store, as well as Schewels Home Corporate Office Headquarters in Lynchburg, VA.
West on Church & Main, LLC purchased 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 s/f, is located at 1011 Main St., 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 s/f, 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 Lupton, III, CCIM and Norman Moon, Jr., CCIM, SIOR, CRE, FRICS and of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.
In Toano, Cushman & Wakefield | Thalhimer announced the sale of the Design Master Building located at 3005 John Deere Rd., within Stonehouse Commerce Center, in Toano (James City County).
Tetreault Holdings, Inc. purchased the 40,000 s/f industrial building, situated on 4.13 acres, from Friendship Partnership for $2,668,320 as an investment for their contracting business, The Drying Company.
Dawn F. Griggs, SIOR of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller; Clay Culbreth, also with Thalhimer, represented the purchaser.
