In January of 2020, Mosaic acquired Oxbridge Square Shopping Center, a class-A community center that is located in Richmond, Virginia. The property is 116,240 square feet and 89% occupied, with Big Lots anchoring the property. Other notable tenants include YouFit, a 19,520 square foot health club, VA ABC, Subway, Great Clips, and Vocelli Pizza. The property is the premier shopping center in its immediate submarket and it is located at the hard corner of Hull Street Road and Courthouse Road. The asset benefits from great visibility and exposure to a collective 67,000 passing vehicles each day. The submarket is slated to undergo redevelopment that will add residential units and population density. The asset is well positioned to take advantage of these positive changes coming in the future.
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