(Fredericksburg, VA, February 11, 19) – Coldwell Banker Commercial Elite is pleased to announce the sale of the fully-leased multi-tenant retail building located at 5635 Plank Road in the Harrison Crossing shopping center. The building is strategically located on an out-parcel of the Harrison Crossing Shopping Center anchored by Home Depot and Giant Food directly off Plank Road with a combined traffic count of 55,000 VPD, near the recently expanded Park & Ride Commuter Lot and adjacent to Riverbend High School.
Donny Self and Cameron Coleman were proud to represent Net Lease Development in the purchase of this land a little over a year ago and successfully pre-leased the 8,087 SF retail building–bringing in Burger King, Super Cuts, Jersey Mike’s, AT&T and Wing Stop as tenants. Directly after fully leasing the building, and during construction Self and Coleman were able to procure a purchaser. Chris Via of Net Lease Development lauded Self and Coleman’s efforts, saying “We enjoyed working with Cameron and Donny for the purchase, pre-lease and eventual sale of 5635 Plank Road. We were so pleased to be able to develop and sell this retail building in just over a year with their help, bringing sought-after businesses to the Harrison Crossing shopping center.”
Self and Coleman commended the developers, saying “In today’s retail real estate climate it is refreshing to work with such a creative and goal orientated group like Net Lease Development. From the pre-leasing to the sale the team at Net Lease Development made each transaction seamless due to their desire in making sure each party to the deal is treated fairly.”
The Fort Worth, TX-based Net Lease Development is a client-focused build-to-suit retail developer with a presence across the country. They handle everything from site selection, pre-development including entitlement, design and permitting as well as construction through turn-key delivery to clients with 100% real estate and construction costs funded with flexible and creative deal structures.
About Coldwell Banker Commercial Elite
As the Fredericksburg region’s largest commercial real estate company, Coldwell Banker Commercial Elite is the premier commercial real estate market leader. Coldwell Banker Commercial Elite was awarded the #1 Coldwell Banker Commercial Affiliate Office in Virginia for the past 4 years (2013-2016)! The Coldwell Banker Commercial Elite Team is as dedicated to your success as you are. Our company provides in-depth commercial real estate solutions and services including landlord and tenant representation, buyer and seller representation, property management, investment acquisition and disposition services and development consulting. Our primary focus area consists of the greater Fredericksburg region (Stafford, Spotsylvania, King George, Caroline, City of Fredericksburg), while also servicing the Washington, D.C. Metro area and all of Virginia. For more information, visit: www.cbcelite.com