Lenders foreclose on Chesterfield shopping center

A Chesterfield shopping center has been foreclosed on after the previous owner defaulted on a $20.2 million loan balance.

Located at 1000 Carmia Way, the Chesterfield Marketplace is a sprawling complex of big-box stores with a spattering of small store space.

According to Trepp, a firm that tracks commercial mortgage backed securities, the loan on the property has an unpaid balance of $20.2 million. Multiple sources have confirmed the property is under receivership by CWCapital, a Massachusetts-based special servicer of CMBS loans. The loan was scheduled to come due in 2014. Read more

With new businesses, The Shoppes At Westgate fully leased

While many Short Pump shopping centers have lost tenants due to the recession and many businesses have closed their doors, one center is completely leased out. Thalhimer Commercial Real Estate leasing representative Jim Ashby says The Shoppes At Westgate at Broad and Lauderdale is welcoming a host of new tenants. Read more