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BJ's Wholesale Spends $33.65 Million for Shopping Center

MECHANICSVILLE, VA-Membership warehouse store BJ's Wholesale Club takes on 16 acres at the Hanover Square South Shopping Center, where it will build its first Richmond, VA-area outlet. BJ's hands over $33.65 million for the property, and will spend $3.8 million to build the store.

By Barbra Murray | Updated on January 24, 2002

MECHANICSVILLE, VA-The Richmond area will get its first BJ’s Wholesale Club, the country’s number three membership warehouse retailer, with the company’s $33.65 million purchase of nearly 16 acres at Hanover Square South Shopping Center in Mechanicsville. Signal National, Inc. negotiated the deal on behalf of the buyer.

Construction of the complex’s 110,924-sf BJ’s store, which will also sport a gas station island, will cost an estimated $3.8 million. Bethesda, MD architectural firm Bignell, Watkins and Hasser are on board to design the facility, and general contractor EDC will handle the construction. The new outlet will be the company’s seventh store in the state.

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