An out-of-state joint venture has retail redevelopment plans for Chesterfield County and is on the hunt for other opportunities around the state.
In March, LWS Chesterfield Station LLC bought for $1.775 million the three parcels at 11124, 11134 and 11136 Midlothian Turnpike, according to a Chesterfield County property records.
The property is currently home to a bank building that will be demolished to make way for two one-story buildings, according to site plans filed with Chesterfield. One of the buildings will be a 3,496-square-foot dental office. The other building will be split between a 2,532-square-foot coffee shop and a 3,074-square-foot retail tenant.
LWS Chesterfield Station is tied to the Alabama-based real estate services firm Jim Wilson & Associates LLC. A subsidiary of Jim Wilson & Associates called JWA Ventures LLC provided the equity for the Chesterfield deal, according to Rick Langhorne, the president of JWA Ventures.
