Mixed-Use Property Sold in Chesterfield County for the Development of Cloverleigh

Cushman & Wakefield | Thalhimer is pleased to announce the sale of a total of 105.53 acres of land in Chesterfield County, Virginia.

Kettler Real Estate Acquisitions, LLC purchased the following acreage assemblage:

  • 22 acres of land at 12700-12900 Hull Street Road for$6,260,000 from The Cheatham Family Limited Partnership
  • 3 acresat 4211-4221 Old Hundred Road from Sheppard W. & Margie C. Smith for $1,030,000
  • 01 acres of land at 4225-4231 Old Hundred Road from Henry U. Coalter for $770,000

Kettler will be developing Cloverleigh, a multi-phased, mixed-use development to include single family, townhomes, and a hoteland restaurant.  The development willalso include offsite improvements to the Old Hundred Road and Hull Steet Road intersection.

Mark E. Douglas, CCIM, SIOR of Cushman & Wakefield | Thalhimer handled the sale.

About Cushman & Wakefield | Thalhimer

Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs nearly 425 associates. Thalhimer represents, on behalf of its clients, a property portfolio of nearly 55 million leasable square feet, and management of nearly 30 million square feet of commercial property, and over 9,000 multifamily units. In 2022, Thalhimer completed over 1,900 transactions with a transactional volume of more than $2.3 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.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

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 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.