Published October 24, 2026 | Written by the Mission Realty Team.
The Trader Joe’s-anchored Stony Point Village shopping center at 3000-3096 Stony Point Road changed hands on October 16, 2026, for $41.3 million, according to city property records cited by Richmond BizSense. Reporter Mike Platania covered the sale in “The Trader Joe’s effect” on October 22. This post is our own summary of his reporting, with local context added. More coverage is in our Richmond area news posts.
The sale
BizSense reports the buyer was Asana Partners of Charlotte, North Carolina, and the seller was Ziff Real Estate Partners of Charleston, South Carolina. Ziff paid $10.4 million for the property in 2019, and BizSense’s 2019 report by J. Elias O’Neal confirms that figure from city deeds, recorded February 20, 2019. The new price is nearly four times that. BizSense notes the city most recently assessed the center at $17.3 million, well below the sale price. Asana confirmed the deal but declined further comment, and Ziff said in an announcement that it repositioned the center through a deliberate leasing program.
What changed at the center
When Ziff bought it, BizSense reports, the center was about 56% occupied and its anchor space was empty after a Martin’s grocery store left. Trader Joe’s signed on shortly afterward, becoming the chain’s second Richmond-area location, and the former Martin’s space was split between Trader Joe’s and Planet Fitness. The center is now more than 95% occupied, with about 3,000 of its 114,400 square feet available. Tenants BizSense names include Good Foods Grocery, Sephora and Baggio, plus The Granite Grill, which opened last year. A Vicious Biscuit, the brunch chain’s first Richmond-area location, is set for the former Southbound space. BizSense also notes that a third local Trader Joe’s is in the works at Midtown64, the Henrico mixed-use redevelopment of the former Genworth campus.
A note on assessments
The gap between the $17.3 million assessment and the $41.3 million sale is a fair thing to notice, and a BizSense reader asked what it could mean for the owner’s property taxes. The article does not answer that, and neither can we. The City of Richmond Assessor of Real Estate says its office provides market-based assessments and open access to property information, and its property search lets anyone look up a parcel’s assessment and sales history.
What it means for Bon Air-area buyers
BizSense describes Stony Point Village as a Bon Air-area center. The sale itself changes nothing about a home purchase nearby: it is a transaction between two investment firms, and BizSense reports no plans from the new owner. We have not seen any analysis tying a shopping center sale to home values, so we are not predicting one. What the story does show is a fuller, grocery-anchored center, which many buyers weigh when they map their daily errands. If you are exploring the area, our Bon Air community page is a starting point, and our City of Richmond hub covers the city side of the line. Our property search shows current listings, and our preferred lenders page lists lenders who can help you plan a monthly budget.
Browse current listings in our property search and save the ones you like.
Related reading: the proposed hotel at Midtown64, where BizSense says a third Richmond-area Trader Joe’s is planned, and a new restaurant at Chesterfield Towne Center. Our Midtown64 community page covers that Henrico address, and our buy with us page explains how we work with buyers.
Frequently asked questions
How much did Stony Point Village sell for?
$41.3 million, in a sale dated October 16, 2026, according to city property records cited by Richmond BizSense.
Who bought and sold it?
Asana Partners of Charlotte, North Carolina, bought it from Ziff Real Estate Partners of Charleston, South Carolina, per BizSense.
What did the seller pay for it?
Ziff paid $10.4 million in 2019, per BizSense’s 2019 report based on city deed records. The new price is nearly four times that.
How full is the center?
BizSense reports it is now more than 95% occupied, with about 3,000 of its 114,400 square feet available.
What is the current city assessment?
BizSense reports the City of Richmond most recently assessed the property at $17.3 million. Assessments can be looked up in the city’s property search.
Is another Trader Joe’s coming to the area?
BizSense reports a third Richmond-area Trader Joe’s is in the works at Midtown64, a Henrico redevelopment of the former Genworth campus.
Does the sale affect nearby home prices?
We have not seen any analysis connecting the sale to home values, and BizSense reports no plans from the new owner, so we cannot say.
