Barboursville, VA
CBRE Appointed Exclusive Leasing Agent for Up to 240,000 SF of Retail, Medical and Office Space at The Villages at Terrace Greene
New Development to Bring Built-to-Suit Retail, Office and Medical Office Space to Barboursville, VA
May 14, 2024

Media Contact
Corporate Communications, Midwest

CBRE today announced it has been appointed the exclusive leasing agent for commercial space at The Villages at Terrace Greene, a new mixed-use apartment and townhome community under development at 102 Terrace Green Circle, which will bring built-to-suit retail, office and medical office space to Barboursville, VA. The project, developed by Atlantic Builders, will be developed in two phases.
The CBRE team of Eric Williford and Pam Strieffler will spearhead the leasing campaign on behalf of the developer.
“We are thrilled to be bringing such an exciting and high-profile opportunity to the market,” said Strieffler. “The commercial portion of the project is part of a 282,000 square foot multifamily community currently under construction just north of Charlottesville and a few miles from the Charlottesville-Albemarle airport.”
Phase I has begun construction and will offer retail spaces ranging in size from 1,200 sq. ft. to 40,000 sq.-ft. Phase II will be delivered in 2026 and include up to 200,000 sq. ft of retail, medical and office space. Both phases will offer pad sites for sale, ground lease or built-to-suit.
The Villages at Terrace Greene in Greene County is situated on 65 developable acres adjacent to U.S. Route 29, approximately 14 miles from downtown Charlottesville. The mixed-use master plan allows for flexible site options for buildings to support R&D, light manufacturing, and office space, as well as retail and residential units.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.