January 15, 2009

VCU foundation buys market site  01/15/09 12:01 AM

A Virginia Commonwealth University foundation has purchased the property at Grace and Harrison streets where Ukrop’s operated a store until last spring. The VCU Real Estate Foundation bought the property last month for $9 million from BET Investments Inc., a Pennsylvania-based development company. But VCU’s plans are on hold for now because Ukrop’s Super Markets Inc. has a lease on the property through 2018, said Brian Ohlinger, VCU’s associate vice president for facilities management.

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