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Saturday, May 25, 2024

Candy Land closed by New Town landlord, new tenant sought

Candyland now sits dormant in New Town after being retaken by the landlord. (Andrew Harris/WYDaily)

A candy store in New Town has been closed by the landlord.

Candy Land, which sits beside the Regal Cinema in New Town, has been repossessed by the landlord after defaulting on rent, according to Drew Haynie, Vice President of Thalhimer.

Haynie said the owners of Candy Land defaulted on their rent and the landlord has retaken possession of the store within the last 30 days.

“Typically when a landlord retakes a space, as was the case in this situation, there are ongoing attempts to reach some sort of settlement,” Haynie said. “However, it’s never fair to the landlord for the tenant to expect them to be allowed to continue operating without paying any rent…I think it’s safe to say at this point they have not reached any settlement or solution, and the landlord has exercised their rights under the lease to retake the space.”

Cushman & Wakefield Thalhimer is the broker for virtually all of New Town. The company focuses on landlord and tenant representation across southeast Virginia. The parcel in which Candy Land operated is owned by Williamsburg Land Developers LLC.

Candy Land Confections LLC is owned by Symco Holdings Company. A representative from Symco did not respond to requests for comment.

Haynie said he is now marketing the store to prospective tenants and considers it to be one of the best spaces in New Town, due to its high-traffic location next to Regal Cinemas.

He added he does not anticipate the next tenant in the space to be a candy vendor.

The sign posted on the door to Candy Land. (Andrew Harris/WYDaily)

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