Bridge33 Capital Acquires 451,779-SF 5th Street Station in Charlottesville, Marking First Virginia Entry
Bridge33 Capital has acquired 5th Street Station, a 451,779-square-foot shopping center in Charlottesville, Virginia, the firm announced July 17, 2026. The transaction marks Bridge33 Capital's first acquisition in the state of Virginia and adds a Wegmans-anchored center to a portfolio that spans roughly 17 million square feet across 26 states.
Property Overview: Anchors, Tenants, and Location
Built in 2016, 5th Street Station is anchored by Wegmans and Dick's House of Sport. The center also includes Marshalls, PetSmart, Planet Fitness, Havertys, Alamo Drafthouse Cinema, and Dollar Tree among its national tenants.
The property is situated directly off Interstate 64 and is located less than three miles from the University of Virginia.
Bridge33 Capital's First Virginia Acquisition
Peter Trahanas, Director of Investments at Bridge33 Capital, commented on the transaction: "We are excited to enter Virginia with this dominant property in the growing market of Charlottesville. This acquisition will add the second Wegmans and first Dick's House of Sport to our portfolio. We look forward to creating lasting value at the center and being a part of the Charlottesville community."
The statement indicates that Bridge33 Capital is tracking specific anchor relationships across its portfolio, with this deal adding a second Wegmans location and its first Dick's House of Sport.
The acquisition extends Bridge33 Capital's geographic reach into Virginia. The firm has operated since 2013 and currently manages approximately $2.5 billion in assets under management across its open-air retail portfolio.
Platform Scale and Investment Strategy
Bridge33 Capital describes itself as a vertically integrated real estate company focused on open-air retail centers. Since its founding in 2013, the firm has acquired approximately 17 million square feet of commercial real estate across 26 states. The 5th Street Station acquisition adds Virginia to that footprint.
No sale price, price per square foot, cap rate, or financing details were disclosed in connection with the transaction.
Sources
Bridge33 Capital — Official Announcement: Bridge33 Capital Acquires 5th Street Station