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New York firm buys Glen Allen shopping center

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The shopping center is anchored by a Food Lion. (photos by Burl Rolett)

GLEN ALLEN, Va. (RichmondBizSense.com) – Another Big Apple buyer has poured its money into Richmond real estate.

New York-based Katz Properties earlier this month acquired nearly 66,000 square feet of retail space at the Town Center at Twin Hickory on Nuckols Road in Glen Allen. The $16 million purchase Katz’s first push into the Richmond market as the northeastern firm looks south.

“You’ve got a stable region that has continued job growth and population growth,” said Katz Properties Principal Daniel Katz. “We’d really like to use this property for a jumping off point for further expansion into the Richmond market and farther south.”

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