Tuesday, October 3, 2023

Former Yankee Candle Building Sold to Uptown Alley

(WYDaily file)

WILLIAMSBURG — Cushman & Wakefield | Thalhimer announced the former Yankee Candle property located at 2200 Richmond Road in Williamsburg has been sold to Uptown Alley.

Uptown Alley , LLC purchased the 64,000 square foot mixed-use property, situated on six acres, from Fulton Bank for $4 million, according to Cushman & Wakefield | Thalhimer.

Uptown Alley plans to open its fifth family-friendly entertainment center at the location in 2023. Plans call for a multi-level entertainment venue featuring upscale bowling, duckpin bowling, an arcade, a chef-driven restaurant, and the latest in audio/video technology.

Williamsburg City Council unanimously voted to award a revenue-sharing incentive to Uptown Alley in November. The performance-based revenue sharing agreement grants a percentage of the taxes that Uptown Alley will pay to the city over a five-year period. Capped at $600,000, it will be used for exterior improvements to modernize the building.

Dawn F. Griggs, SIOR and Rob Wright of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.

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