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Culpeper Times • October 11-17, 2018

Reach Your Customers in the Next Issue—Call 540.812.2282

Real Estate

Sembler, Forge announce retail center acquisition in Culpeper The Sembler Company and Forge Capital Partners, in their Forge Real Estate Partners IV (FREP) investment fund, recently purchased Center at Culpeper, a 72,869 square-foot property located in the primary retail node of Culpeper. “Culpeper is a growing housing/office market that offers an affordable alternative as more and more people are priced out of the Northern Virginia suburbs closer to Washington, DC,” said Sean Davis, Sembler Chief Investment Officer. “It’s a well-established center with a renovated anchor, and it’s a great fit for our fund to add value through leasing and improvements.” The center is anchored by Aldi, with a strong collection of both local and national tenants in inline spaces. Located at the high-visibility corner of Montanus Drive (US Hwy. 15/29) and Brandy Road, there are only two spaces currently available for lease. Sembler will serve as Property Manager and Leasing Agent for the property. Emily Mills (emily.mills@ is the contact for property leasing information. “Sembler has a 54-year history operating in all aspects of retail real estate: acquisitions, leasing, management and development,” said Sembler CEO Ron Wheeler. “That considerable

expertise adds value to our centers and the communities we serve.” Sembler and Forge have now acquired twelve shopping centers together in Virginia, Florida, North Carolina, Tennessee and Texas – and the joint venture partners are actively seeking additional investments in grocery-anchored shopping centers throughout the Southeast. FREP is a community development entity whose intent is to provide bestin-class returns to investors seeking socially responsible investment opportunities while promoting economic revitalization, business development, and job creation in or near low and/or moderate-income communities. Investors include public financial institutions that will receive credit under the Community Reinvestment Act for such investments. About Sembler: The Sembler Company is celebrating more than 50 years of creating retail real estate value. Sembler provides a full array of retail real estate services, including development and redevelopment, acquisition, property and asset management, leasing and other related services throughout the Southeastern United States and Puerto Rico. Sembler has developed more than 350 projects totaling more than 27 million square feet.


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LAND, LAND, LAND! Orange Co - Perfect rolling land! Lot 1 is 5Ac, $65,000! Lot 2 is 4 Ac, $55,000! Call Martha Hust * 540-905-2725 Rixeyville - Forested 4.9 Ac; create your views by taking down some trees! Call Boo Ingram * 540-718-3364 Richardsville - A home or retreat in River Ridge Subdivision! Choose 17-141 Ac parcels, priced from $89,900 to $549,900 & easy access to Culpeper & Fredericksburg. Call the Duckett-Corbin Team * 540-219-1358

Profile for InsideNoVa

Culpeper Times | Oct. 11, 2018  

Flight of Fancy | Town council supports Culpeper Medical Center imaging center | and more

Culpeper Times | Oct. 11, 2018  

Flight of Fancy | Town council supports Culpeper Medical Center imaging center | and more