Iconic Belmont Restaurant Sold in Charlottesville

10/1/18

Cushman & Wakefield | Thalhimer is pleased to announce the sale of407 Monticello Road and 816 Hinton Avenue, Charlottesville, VA 22902, as well as the launch of a new restaurant to open in the same location.

La Taza has decided to close its doors. La Taza, and the adjacent cabinet shop, have occupied the Belmont area of Charlottesville for 13 years.

Andy McClure, owner of The Virginian Restaurant Company (which includes Citizen Burger Bar), will be taking over both La Taza and the adjacent cabinet shop. McClure comments, "Our goal is to remain true to the history of this building. Our new concept will remain boutique-like and hyper-local. Downtown Belmont is one of the best neighborhoods around, and the new spaces will offer both old staples like coffee, and delicious new options we think this area could really use. I have loved this building for so long and I couldn't be more excited."

MELCP, LLCpurchased the Iconic Belmont Properties from Brinnington Properties LLC as an investment.

John Pritzlaffof Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the buyer.

About Cushman & Wakefield | Thalhimer

Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, VA; and Charleston, Greenville, SC. The company has over 100 broker professionals and employs over 400 associates. Thalhimer represents, on behalf of its clients, a property portfolio of over 53 million leasable square feet, and management of nearly 25 million square feet of commercial property, and over 7,250 multifamily units. In 2017 Thalhimer completed over 2,000 transactions with a transactional volume over $1.3 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 or follow @Thalhimer on Twitter.

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About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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