You are the owner of this article.
You have permission to edit this article.
Two national retailers coming to Chester shopping center as anchor tenants

Two national retailers coming to Chester shopping center as anchor tenants

Only $5 for 5 months

Bermuda Square shopping center in Chesterfield County is getting two new anchor tenants.

Burlington, the off-price clothing and home décor products retailer, plans to take over the former Martin’s Food Markets anchor space at the shopping center. That 34,700-square-foot space has been vacant since Martin's closed it in August 2017 as the chain exited the market.

Arts and crafts supplies retailer Hobby Lobby plans to build a 50,000-square-foot store on part of a 6-acre pad site on the southern part of the property. Martin’s had announced in 2015 plans to replace its store in that shopping center with a new 66,500-square-foot supermarket on that pad site but the new store never materialized.

In addition to those two anchor tenants, a 1,668-square-foot Valvoline store is under construction.

The new stores are slated to open later this year, according to GBT Realty Corp., the Brentwood, Tenn.-based commercial development and investment company that owns the shopping center.

“Once these retailers open by the end of the year, the shopping center will be 100% leased,” said Alan J. Lloyd, GBT Realty's senior vice president of leasing.

GBT Realty acquired the 84,000-square-foot shopping center at Jefferson Davis Highway and West Hundred Road in Chester for $18.6 million in late November.

“When we acquired Bermuda Square in November, we set a goal of 100 percent occupancy within a year,” Lloyd said. “We are excited to add these great concepts to our project and to take a major step toward the execution of our redevelopment strategy."

All that is left to be developed at the shopping smaller is a roughly 1-acre site along Jefferson Davis Highway in front of the Hobby Lobby for outparcel retail space.

Tenants at the 14.65-acre shopping center include Petco, Starbucks, Chipotle, SunTrust, Mattress Firm and Virginia ABC.

The Burlington store at Bermuda Square will be the chain's seventh Richmond-area location. Hobby Lobby has three other stores in the Richmond region.

Related to this story

Most Popular

Get up-to-the-minute news sent straight to your device.


Breaking News