08/19/2026
MAJOR SALE | $29M+ IN FREDERICKSBURG
We’re excited to announce the sale of the 34.2-acre Ulmanor property, along with two additional Briscoe Lane parcels, bringing the combined transactions to 37± acres and more than $29 million.
Listed and sold by Allison Graves, CCIM, Ben Keddie, SIOR, CCIM, and Brian Cunningham, CCIM, this transaction represents the culmination of an approximately 2½-year process involving extensive rezoning, land assemblage, infrastructure planning, and coordination among multiple development partners.
The future mixed-use development brings together Greystar, Lennar, and Regency Centers, with plans for multifamily, residential, and commercial development.
And yes, Fredericksburg... Trader Joe’s is coming! 🎉
Trader Joe’s will be part of the commercial component, bringing one of the region’s most requested retailers to Fredericksburg.
This project represents a major investment in our community and an exciting next chapter for the Cowan Boulevard and Fall Hill Avenue corridor.
Read the full story and learn more about the transaction:
https://cbcelite.com/coldwell-banker-commercial-elite-brokers-more-than-29-million-in-major-fredericksburg-development-transactions/
Congratulations to our clients, development partners, and everyone who worked together to bring this complex transaction across the finish line.