Champion Windows closing Spotsy store

Champion Windows is closing its store off State Route 3 in Spotsylvania County.

The company, which sells a variety of products for home construction and renovations, will service local customers out of its Richmond office.

Champion has had the store at 3801 Plank Road for a couple of years. Liberty Tax Service and Plow & Hearth also have stores in that shopping center, and both are doing well, said Magnolia Martin, a commercial real estate broker for Cushman & Wakefield | Thalhimer.

Martin is now seeking a tenant for the roughly 3,000-square-foot storefront that Champion is vacating at the center.

Wegmans property on the market for $25M

The property that holds the popular Wegmans grocery store in Fredericksburg's Celebrate Virginia South development is for sale.

A family trust of the late Carl D. Silver owns the 16.5-acre property, which Wegmans leased for 25 years starting in 2009.

The property is on the market for $25 million through the Northern Virginia-based Calkain Cos. brokerage firm. The property has a cap rate of 4.25 percent, according to the listing.

A sale of the property would not affect the store or its operations. It would simply mean Wegmans would be leasing the property from a different owner, who would receive the income from the lease.

According to the listing, the Wegmans store in Fredericksburg is one of the grocer's top revenue producers company-wide.

--Bill Freehling