Chester Strip Mall Sold for $6M

3/8/21

By Rich Griset, Virginia Business

Chester’s The Shoppes at River Forest, a 30,720-square-foot strip mall anchored by a Wal-Mart, was purchased on Feb. 26 for $6 million.

Raleigh, North Carolina-based PGP River Forest purchased the property from Bogese Cos., a Richmond-based real estate development group.

At the time of the sale, the center was 82% leased to tenants that include a mix of national, regional and local operators. The center is located along Chester’s Iron Bridge Road corridor.

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