Continental Realty Corporation (CRC), a prominent Baltimore-based real estate investment and management company with a substantial footprint across 11 states and $3.7 billion in Assets Under Management, has solidified its presence in Virginia’s retail sector through the strategic acquisition of Gayton Crossing, a notable 160,830 square-foot neighborhood shopping center located in Richmond’s affluent West End submarket. Representing a substantial investment sourced from the large equity pool of the Continental Realty Opportunistic Retail Fund I (CRORF), this purchase enhances CRC’s already robust retail portfolio which has seen a near $600 million expansion since early 2021. JLL facilitated the sale on behalf of the unidentified seller. Gayton Crossing boasts a coveted mix of tenants, including national chains like Kroger, which significantly attracts consumer traffic, and several others that contribute to the property’s status as a key local commercial hub. With plans to pursue a range of value-add strategies aimed at optimizing the property’s leasing potential and improving operational efficiencies, CRC capitalizes on the area’s demographic strengths—over 100,000 residents with high average household incomes and expectations of substantial residential growth—to project favourable risk-adjusted returns to its investors. CRC, renowned for its vertical integration as well as its methodical approach to selecting and acquiring assets, has a history of raising substantial capital for retail and multifamily ventures, leveraging relationships and advanced data analysis to secure beneficial deals. With the acquisition of Gayton Crossing, the company not only diversifies and enriches its asset base but also underscores its position as a sought-after player in the highly competitive arena of retail real estate transactions.

Real Estate Investment & Management, Retail,Richmond, Virginia, Baltimore, Maryland

Continental Realty Corporation Enters Richmond, Virginia Retail Market With Acquisition Of Gayton Crossing