Richmond teacher named national teacher of the year

Sweet Frog founder sells home, plans to move away from Richmond

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

The 7,600-square-foot home at 4913 Lockgreen Circle sold for $2.3 million. (CVRMLS)

RICHMOND, Va. — The founder of a locally based frozen yogurt chain just closed a sweet deal on his West End home.

Derek and Annah Kim Cha sold their 7,600-square-foot home at 4913 Lockgreen Circle for $2.3 million. The sale, which closed Jan. 19, came in below the couple’s asking price of $2.39 million.

The Chas listed the home Oct. 30 with Long & Foster agent Margaret Wade. It went under contract two weeks later to a mystery buyer, listed in city property records as Aroos LLC. Wade has described the buyer as local.

The buyer was represented by Lucy Williams of The Steele Group | Sotheby’s International Realty. Attempts to reach Williams for comment were unsuccessful Monday.

A serial entrepreneur, Derek Cha founded fro-yo chain Sweet Frog before selling his controlling stake to a local private equity group in 2015. He is also behind the Zzaam Fresh Korean Grill restaurant chain and a waterpark-anchored development planned in Midlothian.

Cha said he is moving elsewhere in the state as he looks to expand his latest venture, Zzaam Food Court, a self-serve bar and food court concept that he launched in Carytown late last year.

Click here to keep reading on RichmondBizSense.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.