Retrofit Atlas

Malls · Virginia

Chesterfield Towne Center (Richmond (Chesterfield))

Imported, unreviewedOperatingRichmond (Chesterfield), VA

Chesterfield Towne Center, an 82‑acre operating mall in Richmond, is under contract to sell for $80 M with unspecified redevelopment planned. · summary, model-written

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Chesterfield Towne Center
Exterior view of a shopping center with parked cars and overcast sky. · verified by a vision model. Photo: Mike Kalasnik from Charlotte, USA, CC BY-SA 2.0, via Wikimedia Commons.

Site profile10 elements · what this site is built with · tap a chip for the evidence

Former anchors
Hecht'sThis site: Hecht's wikipedia · all sites with this
JCPenneyThis site: JCPenney wikipedia · all sites with this
Macy'sThis site: Macy's wikipedia · all sites with this
SearsThis site: Sears wikipedia · all sites with this
Finance and pipeline
Listed for saleThis site: research-deals · all sites with this
Sold since 2020This site: 2025 JRE Partners / Anastacia AG JV research-deals · all sites with this
Place
30,000+ vehicles a day on an adjacent roadThis site: 47,374 on 60 fhwa-hpms · all sites with this
Fast-growing county (8%+ 2018–23)This site: 9% census-acs · all sites with this
Scale
1M+ sq ft GLAThis site: 1,019,193 sq ft hermes-web · all sites with this
60+ acre siteThis site: 82 acres research-deals · all sites with this

All elements and lists · Trends

Now

StatusOperatingpublic reporting reported
DeveloperJRE Partners & Anastacia AGhermes-web

History and original facts

Acres82.0public reporting reported
Gross leasable area1,019,193 sq fthermes-web reported
Original developerChevy Chase Land Companyhermes-web reported
AnchorsMacy's, JCPenney, Sears, Hecht's, Miller & Rhoads, Hess's, Leggett-Belk, TJ Maxx / HomeGoods
CountyChesterfield County
Census division5 · South Atlantic
NotesRecord created from a 2024+ transaction, listing or loan report; no retrofit recorded.

Not yet recorded: year opened, what is there now, retrofit year. Know it? Tell us.

Planning

No zoning change, subsidy or policy tool recorded for this site.

Deals and debt

DateEventPricePartiesSource
2025-12Sold$80.0M closedJRE Partners / Anastacia AG JV ← Brookfield Propertiesrichmondbizsense.com 2025-12-15
2024-10Listed— ← Brookfield Propertiesrichmondbizsense.com 2024-10-23

Site context

Housing permits, Chesterfield County (VA), 2024462 units in 5+ unit buildings, 0 in 2–4, 1,845 single-family; 2023: 1,456 in 5+Census BPS
Other atlas sites nearby2 within 10 km, 9 within 25 km: Chesterfield Towne Center (3.6 km); Cloverleaf Mall (7.3 km)computed
Retail trade in the county, 2025 (BLS QCEW)18,635 jobs in 916 establishments; average annual pay $40,167; employment location quotient 1.27; employment +2.6% on the yearBLS QCEW 2025, NAICS 44-45, private
Jobs located in the tract, 20227,859 jobs; 2,309 in retail trade, 1,281 in accommodation and food (workplace blocks summed to tract 51041100920)Census LEHD LODES8 WAC 2022
Upward mobility (Opportunity Atlas, 2010 tract)children of low-income (25th percentile) families reached the 42nd income percentile as adults; -1.7% incarcerated at the 2010 count (52 children in the sample); born 1978–83, measured 2014–15Opportunity Insights
Food access (USDA FARA 2019, 2010 tract)not a low-access tract at 1 mile; 1% of residents more than 1 mile from a supermarket; poverty rate 2.9%; median family income $90,288; 56 SNAP householdsUSDA ERS
SchoolsChesterfield County Public Schools (PK-12); 0 public schools within 1 mileNCES EDGE
Elevation345 ft above sea level at the site pointUSGS 3DEP
Storm events in the county, 2016-2025348 county-logged events: 151 thunderstorm wind, 81 flash flood, 53 heavy rain, 44 hail; $1,637,750 property damage reported; 1 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events
Homes for sale in ZIP 23235, 2026-09median list price $474,975 (+4.4% on the year); 55 active listings; median 43 days on market; 15% with a price cutRealtor.com Research
Retail trade in the county, 2012 to 2023933 establishments (-1%); 22,577 jobs (+33%)Census CBP
Housing market in the countytypical home value $410,086 (+3% 1 yr, +26% 5 yr); typical rent $1,839/mo (+3% 1 yr), 2026-09Zillow Research
Traffic on the busiest road within 600 m (2024)47,374 vehicles a day on 60 (principal arterial, 6 lanes); 794 trucks; 23 counted segmentsFHWA HPMS

Summary, model-written

Originally built as a regional mall, Chesterfield Towne Center has remained operating on its 82‑acre site. In October 2024 it was listed for sale by Brookfield Properties, and in December 2025 a purchase agreement was signed with JRE Partners and Anastacia AG JV for $80 million, with the buyer noting potential redevelopment (unspecified).

Why. The record does not specify anchor store losses, competition, debt levels, or demolition activity that might explain the sale.

Where it stands. The mall is currently operating and controlled by Brookfield Properties, pending closing of the sale to JRE Partners/Anastacia AG JV expected December 2025.

For a planner

  • Precedent of mall‑to‑mixed‑use redevelopments in suburban markets.
  • Policy tools that could be applied include zoning amendments, tax increment financing, and infrastructure upgrades.
  • Open questions: exact redevelopment program, timeline, community benefits, and required entitlements.

For a developer

  • Site size: 82 acres with clear ownership currently held by Brookfield.
  • Control: seller is Brookfield; buyer under contract is JRE Partners/Anastacia AG JV, expected to close Dec 2025.
  • Entitlement stage: redevelopment concept is unspecified, indicating early planning phase.
  • Constraints: no flood, transit, or environmental data are provided in the record.
  • Market signals: listed for sale, opportunity score 35, highlighted by 82‑acre size and listing status.

What we do not know yet

  • Exact opening date and original anchor tenant mix are not recorded.
  • Current tenant performance, vacancy rates, and lease terms are missing.
  • No information on existing debt, financing structure, or contingent liabilities.
  • Environmental, floodplain, and transit access constraints are not described.
  • The specific redevelopment program, density, and design details are unspecified.
  • The opportunity score and its underlying factors may be model‑extracted and unreviewed.
  • Record verification status is draft, indicating possible data gaps.

Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.

Similar sites

  • Coliseum Mall, Hampton, VA · Malls · similar size (75 acres); similar GLA (991,000 sq ft); also in VA
  • Valley West Mall, West Des Moines, IA · Malls · similar size (58 acres); similar GLA (859,399 sq ft)
  • Exton Square Mall, Exton, PA · Malls · similar size (75 acres); similar GLA (1,086,859 sq ft)
  • Randhurst Mall, Mount Prospect, IL · Malls · similar size (94 acres); similar GLA (966,633 sq ft)

Elsewhere on the web

Pages with photos

Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar

Multifamily screen

  • 82 acres
  • county grew 9.5% 2018–23
  • median rent $1,542
  • listed for sale

Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.

Sources

  • found by hermes-web (staffboxfree)
    6 quoted sentences
    "Developer: Chevy Chase Land Company"
    "On December 12, 2025 the mall was sold to a joint venture of New York‑based investment firm JRE Partners and Anastacia AG."
    "In 1994, The Macerich Partnership acquired Chesterfield Towne Center."
    "In December 2013, Macerich sold the mall to Rouse Properties."
  • Chesterfield Towne Center put up for sale · 2024-10-23
    1 quoted sentence
    The mall was listed for sale in recent weeks.

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