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Recent Articles from Rich Griset
Virginia Beach medical office building sells for $2.7M
Virginia Beach-based Gwynn-Reed Enterprises LLC has purchased a 10,036-square-foot medical office building on 1.84 acres in Virginia Beach for $2.65 million. The property is located at 1817 Republic Road. Gwynn-Reed purchased the property from Virginia Beach-based Vitruvian Property Group LLC. S.L. Nusbaum Realty Co.’s Chris Zarpas and Chris Devine represented the seller. Subscribe to Virgin[...]
Hampton industrial property sells for $1.7M
G & V LLC has purchased a 44,76-square-foot industrial building situated on 3.71 acres in Hampton for $1.74 million to open a manufacturing operation. The property is located at 315 E. Street. Clay Culbreth of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser; Robert L. Phillips, Jr., also with […]
Portsmouth apartment property sells for $1M
Portsmouth property management company Doud Realty Services Inc. has purchased the Edison Apartments in Portsmouth for $1 million as part of a 1031 tax-deferred exchange. The 16-unit multifamily property is located at 219-249 Edison Ave. Clark Simpson of Cushman & Wakefield | Thalhimer Capital Markets Group handled the sale negotiations on behalf of the seller, […]
Perspecta wins $202M defense contract
The Defense Information Systems Agency (DISA) awarded Chantilly-based federal contractor Perspecta Inc. a $201.5 million contract to provide technical services in support of its Global Content Delivery Services (GCDS) II program, the company announced Thursday. Perspecta was the prime contractor for the GCDS I program, working with DISA in expanding the Defense Information Systems Network. [&helli[...]
BAE Systems names senior VP for government relations
Arlington-based defense contractor BAE Systems Inc. announced Thursday that Shelly O’Neill Stoneman, the company’s vice president for executive branch and international government relations, will become its senior vice president for government relations, effective April 17. Stoneman will succeed Frank Ruggiero, who will remain with the company as a legacy fellow, and will report direct[...]
Reston-based Comscore closes investment transactions
Reston-based media measurement and analytics company Comscore Inc. announced Thursday that it has closed its previously announced investment transactions with Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP. Each of the three companies made a cash investment in exchange for shares of convertible pref[...]
Serco Inc. wins $600M Navy contract
Herndon-based tech company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) has been awarded a potential eight-year, $600 million contract by the U.S. Navy to support its Anti-Terrorism/Force Protection (AT/FP) Ashore Sustainment Program. With an initial delivery order worth $153 million, Serco will support the program by providing software, hardware and firmware maintenance [&hel[...]
Virginia ABC announces Pappy Van Winkle lotteries
On Wednesday, the Virginia Alcoholic Beverage Control Authority announced that several highly prized Pappy Van Winkle whiskey products will be entered into an online lottery in March and April. The 23-year-old bourbon whiskey costs $300 per bottle, but in the online marketplace, a bottle of 25-year-old Old Rip Van Winkle bourbon was on sale for […]
Hampton Inn & Suites in Newport News sells for $9M
Chester-based Shamin Hotels has purchased a 120-room Hampton Inn & Suites in Newport News for $9 million. Shamin purchased the hotel, which it plans to renovate, from Yoder Inn Group LP as an investment. Located at 12251 Jefferson Ave. on approximately 2.65 acres, the hotel consists of 90 rooms and 30 two-room suites. Shamin, one […]
Capital Square buys apartments in Gainesville
Henrico County-based real estate investment company Capital Square has acquired SomerHill Farms apartments in the Gainesville area of Prince William County for an undisclosed amount. Located at 7351 Yountville Drive, the 140-unit multifamily community is situated on 18.76 acres. Constructed in 2006, SomerHill Farms features six three- and four-story residential buildings and a community clubhouse.[...]
