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1289 & 1311-1321 Stony Point Road Sells for $4.8M

CHARLOTTESVILLE, VA, September, 2022 – Colliers is pleased to announce the sale of 1289 and 1311-1321 Stony Point Road in Charlottesville, VA. TAP Investments, LLC purchased the property from Flow 1289 Stony Point, LLC for $4,800,000.

1289 Stony Point Road consists of 1.24 acres and an 8,524 square foot service building which included a showroom and office area. 1311-1321 Stony Point Road consists of 2 buildings that sit on 1.37 acres. The larger building is a 7,200 square foot while the other is another 1,674 square foot shop building. The site will most likely be redeveloped.

The property is located at the signalized corner of Route 250 and Route 20 in Pantops, VA providing excellent visibility along a major entryway into the City of Charlottesville. The area is seeing continued growth in both commercial and residential properties.

Colliers’ Jay O’Donnell, first vice president, and Jeff Fritz, vice president, marketed the property on behalf of the seller.


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Jay ODonnell

First Vice President

Charlottesville

Jay O'Donnell joined the firm's Charlottesville office  as Vice President of Brokerage Services in 2015 and was promoted to First Vice President in 2020. As a member of the Colliers Retail Investement Property Group, Jay focuses on advising private and institutional investors in the dispostion and acquisition  of retail assets throughout the mid-atlantic. Jay also performs occupier and agency services as well as user and investment sales in Charlottesville and central Virginia.

His previous position was with CBRE in their Washington, DC office where Jay was responsible for over 1 million square feet of existing inventory as well as product under development in the district, suburban Maryland and Northern Virginia. His responsibilities included tenant generation and prospecting, business developement, multiple market analysis, landlord services and lease and sale negotiations before focusing on capital markets and joining the CBRE Mid-Atlantic Investment Team.  

Prior to his career in commercial real estate, Jay worked for a sports production firm in Winchester, VA. He graduated from the University of Virginia with a degree in Economics.

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Jeff Fritz

Vice President

Norfolk - Main

Jeff Fritz is a Vice President and a plaform leader of Colliers Retail Investment Property Group. In this capacity, he is responsible for supervising and directing retail investment sales activities. Jeff also works to advise private and institutional investors on the acquisition and disposition of retail assets throughout the Mid-Atlantic. Prior to joining Colliers, Jeff had 13 years of commercial real estate experience in development, asset management and real estate management primarily focused on retail properties. Through his prior experience, Jeff developed a thorough understanding of retail property financials, construction, development, leasing, and operations which serve his investment property practice well.

Jeff is actively involved in ICSC as well as being a member of the Hampton Roads Association of Commercial Real Estate (HRACRE) and the CCIM Institute.

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