CBRE Arranges Sale of Grocery-Anchored Shopping Center in Charlottesville, Virginia

CBRE has arranged the sale of 5th Street Station, a 451,779-square-foot grocery-anchored shopping center in Charlottesville. Bridge33 Capital LLC purchased the property from S.J. Collins Enterprises for an undisclosed amount.

Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE’s National Retail Partners team represented the seller in the transaction.

“We are excited to enter Virginia with this dominant property in the growing market of Charlottesville,” said Peter Trahanas, Director of Investments at Bridge33 Capital. “This acquisition will add the second Wegmans and the first Dick’s House of Sport to our portfolio. We look forward to creating lasting value at the center and being a part of the Charlottesville community.”

Located just off Interstate 64 at 5th Street Station Parkway, the property benefits from traffic counts exceeding 60,000 vehicles per day and proximity to the University of Virginia. The property is anchored by Wegmans and features a mix of national, regional and local retailers, including Alamo Drafthouse Cinema, Dick's House of Sport, PetSmart, Panera Bread and Jersey Mike's.

"5th Street Station is a truly irreplaceable asset—a Wegmans-anchored, super-regional power center commanding the Charlottesville trade area,” said Munley. “We congratulate Bridge33 on the most recent acquisition and thank them for their consummate professionalism and relentless execution in bringing this transaction to a successful close. We are grateful to the seller team for entrusting us with this incredibly unique opportunity and congratulate them on the successful disposition.”