Stony Point Village Sells for $41.3 Million After Trader Joe’s Arrival
The Stony Point Village shopping center in Southside Richmond has sold for $41.3 million, a nearly fourfold increase from its 2019 sale price of $10.4 million. This surge in value is largely attributed to Trader Joe's becoming a tenant and…
Richmond Petersburg, VA, October 22, 2026 —
The Stony Point Village shopping center in Southside Richmond has sold for $41.3 million, nearly four times its 2019 sale price of $10.4 million. The increase in value is attributed largely to Trader Joe’s joining the center as a tenant and anchor in early 2020.
The summary of the sale says Trader Joe’s arrival significantly boosted the center’s occupancy and overall appeal. It does not provide occupancy figures or further details about how the tenant’s presence affected the property. The sale price and the comparison with the 2019 transaction are the reported measures of the change in value.
The date of the latest sale was not provided. The identities of the buyer and seller, the terms of the transaction and any other tenants were also not included. No additional information was provided about the center’s leasing history or the factors behind the 2019 sale price.
The available account links the center’s higher sale price primarily to the addition of Trader Joe’s as an anchor tenant. It does not include details that would establish how much of the price increase was associated with that tenancy versus other factors. The reported figures show a substantial difference between the two sale prices, while the explanation offered points to the store’s arrival, higher occupancy and greater appeal as important elements.
Further transaction details, including the latest sale date and the parties involved, were not provided.
Story summarized from the original created by Mike Platania on richmondbizsense.com, see more information here.
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