Page 11

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@ sembler.com) 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.

NORMA GIBBS

Put years of experience to work for you! Founders Club Member 2010-2015 15169 Montanus Drive Culpeper, VA 22701 Office: 540-829-7900 Direct: 540-825-2424 Cell: 540-229-9026 njgreal@aol.com

We’re Your Neighbors! Culpeper Office

332 James Madison Highway Culpeper, VA 22701 800.825.6825 l 540.825.3300 www.montaguemiller.com

$419,900

Donna Deal

$464,900

* 540.718.7191 Duckett-Corbin Team

CU10330650 $314,900

3258 Thompsons Mill Rd Goldvein, VA

5BR 3.5BA 7,000+/- sf main home with 1,800+/- sf attached garage and horse barn with ten stalls. Includes an original 3BR 2BA 1,600+/- sf house Open: 1-4pm Sun Oct 14 Auctions: 12pm, Tue Oct 23 on site or bid online

800.801.8003 • luxurygroupauctions.com/Goldvein VA PAMELA L. MCKISSICK RE LIC 0225218640; WILLIAMS & WILLIAMS RE LIC 0226 023368 BUYER’S PREMIUM (BUYER’S FEE IN WI) MAY APPLY.

VA Press Association

* 540.219.1358

CU10348377

Duckett-Corbin Team * 540.219.1358 Duckett-Corbin Team * 540.219.1358

$339,900

CU10356404 $349,900

l Custom built French Provincial, 4BR, 3.5 BA. l l Hardwoods throughout, Den with built-ins l

CU10287642

Move-in ready! 5BR, 3BA, 3 Ac. Eat-in 2itchen w/DR, Full finished lower level

Duckett-Corbin Team * 540.219.1358 Duckett-Corbin Team * 540.219.1358

Boo Ingram

97.5+/- Acre Equestrian Farm

CU10364203

l Charming One-level renovated home l 3BR, 2 BA, 2.70 Ac., FR w/stonewall FP

l Charming One-level renovated home on 2.7 Ac. l Motivated Seller! Spacious 4BR,2.5 BA l 3BR, 2 BA, Gourmet kitchen, LR w/cathedral ceiling l Brick Front Colonial, Open floor plan

$199,999

A Division of Williams & Williams Worldwide Real Estate Auction

www.facebook.com/mmandcoculpeper

FV10354500 $299,900

l Home built in the 1800’s, Lots of History l 4BR’s, 4BA’s, Pond, Spring house, Approx. 40x80 Barn

CU10307596 $309,900

l Townhouse w/ open floor plan, 1896 sq. ft. l Family room, fully finished Bsmt, Private yard

Luxury Group Auctions

11

CU10297094

l Large Colonial, 4BR, 3.5 BA, Gourmet kitchen

l FR w/ FP & Sittng Rm, Oversized rec room in Bsmt

* 540.718.3364 Duckett-Corbin Team * 540.219.1358

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