July 30, 2020 Comments (0) Views: 386 D.C. Metro News, Washington, D.C. News

GBT Realty Secures Two Retail Anchor Tenants at Richmond Shopping Center

Order Reprints...

National commercial development and investment company GBT Realty Corp. has secured two new retail leases at Bermuda Square, a 136,600-square-foot shopping center in Richmond.

Arts-and-crafts retailer Hobby Lobby signed a 50,000-square-foot lease and off-price retailer Burlngton has signed a 34,000-square-foot lease at the shopping center. GBT acquired Bermuda Square in November from Giant Food Stores LLC for $18.6 million.

“When we acquired Bermuda Square in November, we set a goal of 100 percent occupancy within a year,” said Alan Lloyd, senior vice president of leasing at GBT Realty.  “We are excited to add these great concepts to our project and to take a major step toward the execution of our redevelopment strategy.  We think that the addition of Hobby Lobby and Burlington will go a long way toward meeting the needs of Chester, Va. and the surrounding community.”

Connect With GBT Realty’s Lloyd

Connect With GBT Realty

Subscribe to Connect Daily National

For comments, questions or concerns, please contact David Cohen

Tags: ,

Comments are closed.