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30 acres in Chesapeake sells for $3.65 million
Approximately 27.48 acres of industrial-zoned land along the Southern Branch Elizabeth River in Chesapeake sold for $3.65 million, Cushman & Wakefield | Thalhimer announced Wednesday. Agrium U.S. Inc. sold the land, located at 700 Weaver Lane, to Waterway Properties LLC. William C. Throne, a certified commercial investment member, and Robert L. Phillips Jr., both members […]
Virginia Pediatric Eye Center office sells for $1.3M
Virginia Pediatric Eye Center’s Chesapeake office has been sold for $1.3 million, Cushman & Wakefield | Thalhimer announced this week. The 6,586-square-foot building at 1564 Crossways Blvd. was sold by HPR LLC to VPEC Ches Medical LLC, an entity connected to the medical practice. Rob Wright of Cushman & Wakefield | Thalhimer handled the sale […]
Medical office in Chesapeake sells for $3.05M
Battlefield Medical Center in Chesapeake has sold for $3.05 million, Colliers announced Friday. The 12,253-square-foot building at 905 N. Battlefield Blvd. is across the street from Chesapeake Regional Medical Center. Michael D. Sifen Inc., represented by Colliers’ Ricky Anderson and Don Crigger, sold the building to Roil Battlefield Blvd LLC as an investment property.
Chesapeake industrial/flex buildings sell for $61M
A three-building industrial/flex office complex in Chesapeake has sold for $61 million, Cushman & Wakefield | Thalhimer announced Thursday. Washington, D.C.-based DSC Partners sold the property, which is 100% leased to several tenants, including General Dynamics and Sentara Healthcare, to a New Jersey firm, Heritage Capital Group, which owns Latitudes Apartments in Virginia Beach, among [&hell[...]
SCC approves nine solar farms to provide power for Dominion
On April 30, the Virginia State Corporation Commission approved nine major solar farms, which have the potential to generate nearly 500 megawatts and power 125,000 homes for Virginia customers of Richmond-based Fortune 500 utility Dominion Energy Inc. “This is another major step forward in building a clean energy economy in Virginia,” said Ed Baine, president of Dominion […]
Dollar Tree launches digital media network
Chesapeake-based Fortune 500 discount retailer Dollar Tree has launched a digital media arm that aims to connect advertisers with potential customers via its Family Dollar retail brand, it announced today. Dollar Tree says its new venture, the Chesapeake Media Group, will offer services that help companies place ads on Family Dollar’s website and mobile app […]
Chesapeake senior community acquired for $57.75M
Chesapeake Crossing, a 597-unit mixed-income senior housing community in Chesapeake, has been purchased by Los Angeles-based Standard Communities, the affordable housing division of Standard Companies. According to Wink Ewing, managing director of investment sales for NorthMarq, Chesapeake Crossing sold for $57.75 million. The total capitalization of the transaction was approximately $68 million. [...]
Chesapeake industrial building sells for $2.4M
Memphis, Tennessee-based heavy lifting and hauling company Barnhart Crane and Rigging Co. has purchased a 34,312-square-foot industrial building on 4.79 acres in Chesapeake for $2.4 million. The property is located at 835 Wilson Road. S. L. Nusbaum Realty Co.’s Ben Leon and Sam Rapoport represented the seller, Chesapeake-based Burton Lumber Corp. Subscribe to Virginia Business. […]
$68M Mosaic apartment tower coming to Chesapeake’s Summit Pointe
Construction will begin April 1 on Mosaic, a $68 million, six-floor mixed-use tower coming to Chesapeake‘s Summit Pointe development, according to a March 25 announcement from Summit Pointe Realty LLC. Mosaic is a continuation of the second phase of the Summit Pointe mixed-use development, which is located on 69 acres in Chesapeake’s Central Business District. […]
Chesapeake office building sells for $1.25M
PNSC LLC purchased a 7,500-square-foot office building at 501 Baylor Court in Chesapeake for $1.25 million, Cushman & Wakefield | Thalhimer announce on March 22. PNSC purchased the building from BCGMR LLC as an investment. The purchaser plans to renovate a portion of the building and locate Progressive Neurology and Sleep Center to this location. […]
Capital Square buys Chesapeake apartment complex for $67.25M
Henrico County-based real estate investment company Capital Square has acquired Streets of Greenbrier apartments in Chesapeake for $67.25 million. Located at 929 Wintercress Way, the 280-unit multifamily community sits on 13.78 acres. Constructed in 2013, the community consists of nine residential buildings and includes studio, one-, two- and three-bedroom units ranging in size from 516 […]
Chesapeake industrial property sells for $2.9M
2280 Steppingstone LLC has purchased two 12,000-square foot office/warehouse condo buildings from Chesapeake Land Co. LLC for $2.88 million in Chesapeake. The buildings are located at 2278-2280 Steppingstone Square. Geoff Poston of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser. Subscribe to Virginia Business. Get our daily e-newsletter.
