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RD Management Signs Lease with Fresenius Medical Care at Food Lion Shopping Center in Richmond, Virginia

10/04/2016

RD Management Signs Lease with Fresenius Medical Care at Food Lion Shopping Center in Richmond, Virginia

NEW YORK—October 4, 2016—RD Management LLC, one of the nation’s largest privately held real estate development and management organizations, has entered into a lease agreement with Fresenius Medical Care, a health care company focused on delivering high-quality care to people with renal and other chronic conditions, at Food Lion Shopping Center in Richmond, Virginia. RD Management will complete $2.5 million worth of site work, including the construction of the building shell and the fit-out of the 8,360-square-foot space. Construction is anticipated to be complete by December 2016.

Food Lion Shopping Center is located with excellent roadside visibility to both Jefferson Davis Parkway and Chippenham Parkway, two major interchanges for easy east to west travel into Richmond, with over 30,000 cars passing the center daily. In addition to Food Lion, the center currently has a 4,500-square-foot pad, a 1,500-square-foot pad, and 5.23 acres available with service road connectors to Jefferson Davis Highway, making it ideal for commercial uses.

“Fresenius Medical Care is a global network that assists 301,548 patients across the world, and we are eager to bring top-notch care into the community,” said Richard Birdoff, principal and president of RD Management. “Today’s shopping centers are increasingly offering tenant mixes in the retail, health care, and dining sectors. Fresenius Medical Care is the latest tenant in this popular trend.”

Through Fresenius Medical Care’s industry-leading network of more than 2,200 dialysis facilities, outpatient cardiac and vascular labs, and urgent care centers, as well as the country’s largest practice of hospitalist and post-acute providers, Fresenius Medical Care provides coordinated health care services for hundreds of thousands of chronically ill customers throughout the continent. Fresenius Medical Care is the world’s only vertically integrated renal company, which also offers specialty pharmacy and laboratory services, as well as manufacturing and distributing the most comprehensive line of dialysis equipment, disposable products and renal pharmaceuticals.

Food Lion Shopping Center is one of two properties owned by RD Management in Virginia, with the other center located in Winchester. The company’s national portfolio consists of more than 200 properties. Those interested in leasing space at the center can contact Bradley M. Schwartz at 212-265-6600 ext. 298 or at bschwartz@rdmanagement.com.

About RD Management

Specializing in the retail sector for more than 40 years, RD Management owns and operates more than 18 million square feet of neighborhood and community shopping centers throughout the United States and Puerto Rico. With a portfolio of 200+ properties, spanning the retail, office, residential, mixed-use, hospitality, self-storage, and senior housing sectors, RD Management is consistently ranked among the nation’s largest, privately held, real-estate development and management organizations. RD Management maintains in-house expertise in leasing, property management, construction and development, accounting and finance, legal and information technology services. For more information visit www.rdmanagement.com.

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