Richmond BizSense – For the second time this month, a vacant former Stein Mart building has caught the eye of a new-to-market retailer — this time a Korean grocer. Lotte Plaza Market will open its first Richmond-area location at 7801 W. Broad St.
California-based Capstone Advisors owns Olde Towne Shopping Center and was represented in the deal by Colliers International’s Rob Black and Robby Brownfield. Their Colliers colleagues Peter Vick and Harrison Hall repped the tenant, as did Michael Patz out of KLNB’s Baltimore office.
The grocer is taking about half of the overall square footage at the 91,000-square-foot, 50-year-old shopping center. Capstone counts 21 other shopping centers around the country in its portfolio. Read full feature.