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Investor Purchases Retail Property in Glen Allen

Northeast Land & Investment Co sells Virginia Center Station Bldg for $3.5M
By Amir Jabari Townsend
February 14, 2012 | 10:22 P.M.

An investment group called LMD Invest LLC, purchased 1070 Virginia Center Parkway in Henrico County for a reported $3.55 million or $142 per square foot. The property was purchased from Northeast Land & Investment Company, a wholly owned subsidiary of Virginia Commerce Bank. Virginia Commerce Bank financed 75% of the purchase price to LMD Invest, LLC. The property was delivered in 2005 and is located off of Virginia Center Parkway and is part of the larger Virginia Center Station Plaza. Please see CoStar COMPS #2257251 for more information on this transaction.

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News | Investor Purchases Retail Property in Glen Allen