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Colliers International Represents Canadian Investment Firm In $21,760,000 Shopping Center Acquisition

Richmond, VA – January 3rd, 2020 – Colliers International is pleased to announce their representation of Colterra Capital Corporation, a Quebec based investment firm, in their acquisition of Colonnades West. Colterra purchased the shopping center for $21,760,000.

Colonnades West is a 136,082 square-foot shopping center located at the highly trafficked intersection of Broad Street and Cox Road at the entrance to Innsbrook Corporate Park and only 2 miles from Short Pump. The asset is anchored by Ross, Marshall’s, Office Max, Shoe Carnival, CVS and Men’s Warehouse. “Colonnades West is the premier discount fashion anchored shopping center in Richmond and has a long history of successful performance. The asset’s e-commerce resistant tenancy, high traffic location and proximity to Richmond’s highest evening and densest daytime demographics made it a highly attractive investment in today’s retail environment”, said Mark Williford, Vice President of Investment Sales.

Mark Williford, Vice President, and Will Bradley, Senior Vice President, represented Colterra Capital Corporation. The Seller was Los Angeles-based PF Colonnades Corporation.

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Mark Williford

Senior Vice President

Richmond - North

Mr. Williford specializes in investment sales transactions throughout the Mid-Atlantic and Southeast and brings an unparelled level of passion and expertise to the business. With over 8 years of commercial real estate experience he has successfully represented private, high-net worth and institutional clientele in the successful disposition of retail, mixed-use, office and industrial assets totaling $1.7B+.  

Prior to joining Colliers International, Mr. Williford was a Director at HFF in Denver, Colorado, one of the largest and most successful commercial real estate capital intermediaries serving the United States and Western Europe. Prior to joining HFF, Mr. Williford was a leasing broker with SullivanHayes focused on tenant and landlord representation where he completed more than 500,000 square feet of lease transactions. He began his career in real estate as an intern at The Wilton Companies in Richmond, Virginia.

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Will Bradley

Executive Vice President

Richmond - North

Will Bradley is Executive Vice President for Colliers International specializing in structuring and facilitating the acquisition and disposition of complex development and institutional investment properties across the United States Prior to joining Colliers in 2019, Mr. Bradley spent over a decade with CBRE. 
Mr. Bradley’s background in financial and market analysis combined with his significant ongoing deal activity delivers his clients unmatched transparency into the current real estate markets. Mr. Bradley’s client’s further benefit from his understanding of the development process and comprehensive scenario analyses incorporated into his strategic advisory to achieve his clients’ goals. Over the past two years, he has handled more than $800 million in transaction advisory services.

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