Several of the parcels needed for the Shockoe development are owned by Loving’s Produce LLC, a separate legal entity not mentioned explicitly in the documents. That entity owns two large parcels north of Broad valued at more than $2 million, as well as several smaller parcels south of Broad.

The authority’s purchase from Harry and Betty Loving LLC is contingent on the sale of “certain property owned by affiliates” of the Lovings to Highwoods Properties, the developer that would build the Kroger grocery store proposed for north of Broad Street.

The authority would enter into a ground lease for property owned by North of Broad LLC, a new entity that filed organizing paperwork with the State Corporation Commission just last week, according to online records.

It’s not clear what land would be leased. The letter of intent’s property description refers to an attached “Shockoe Bottom Baseball Study,” a document that doesn’t appear to have been included. The first-year rental rate would be $1.9 million plus other costs. Over a 40-year lease term, the rental rate would increase 10 percent in the 12th year and every 10th year thereafter.