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Sheet metal plant begins construction in Frederick
Chantilly-based sheet metal products manufacturer ZM Sheet Metal plans to relocate its Frederick County operations next year into a new 160,000-square-foot industrial building in Stonewall Industrial Park. ZM Sheet Metal, which specializes in services for HVAC manufacturers and ductwork, currently operates a 100,000-square-foot manufacturing plant at 260 Lenoir Drive in Frederick. The company prim[...]
Work begins on Stafford County industrial park
NorthPoint Development, a real estate operating company based in Kansas City, Missouri, broke ground in Stafford County on Tuesday on what’s being touted as the largest industrial park project along Interstate 95 from Washington, D.C., to Richmond. The Austin Ridge Logistics Center on Austin Ridge Drive in Stafford will include five to seven buildings, for […]
Three Norfolk retail buildings sell for $3.3M
Three retail buildings on a portion of a site used for commercial auto sales and service in Norfolk sold for $3.3 million on Dec. 22, 2023. Michael Sifen Inc. purchased an approximately 5.39-acre portion of 7520 N. Military Highway from Freedom Industrial. The site includes a roughly 30,188-square-foot building, a two-story, roughly 3,030-square-foot building, and […]
Virginia Beach retail building sells for $5.5M
A retail building in Virginia Beach sold for $5.5 million on Dec. 18, 2023. Located at 5169 Virginia Beach Blvd., the freestanding retail building is 59,162 square feet, and the plot of land is almost 136,999 square feet, according to city property records. The current tenant is a Havertys Furniture store. 5169 VB BLVD LLC […]
Real Estate 2023: JAMIE THOMAS
In January, Thomas was named executive managing director and brokerage market leader for Virginia, a position that gives him oversight for about 60 brokers as well as all brokerage operations, recruitment, retention and business development in Norfolk, Richmond and Charlottesville. A Richmond native, Thomas replaced J. Scott Adams, who jumped to Harbor Group International in […]
Real Estate 2023: MATTHEW ‘MATT’ GANNON
Gannon joined Colliers International in his role as executive managing director and D.C. market leader in 2019. He is responsible for the strategic direction and performance of Colliers offices in Washington, D.C., Northern Virginia and Maryland, totaling more than 50 real estate professionals. He had spent the previous five years at Paramount Group, leading leasing […]
Hampton Roads warehouses sell for $8.4M
A portfolio of three warehouses in Hampton Roads sold for $8.4 million in mid-May. Tidewater Fleet Supply, an independent distributor of fleet, truck, trailer and heavy equipment parts, leases the properties. Located at 3666 Progress Road, the Norfolk warehouse sold for $6.03 million, according to city property records. The parcel is approximately 4.82 acres. At […]
Colliers exec jumps to Harbor Group International
Scott Adams has left his role as executive managing director of Colliers International and joined Harbor Group International LLC as senior vice president in investor relations. Harbor Group announced Adams’ hire Tuesday. In his new role, which he started Monday, Adams will initially focus on capital raising efforts in the mid-Atlantic region. He will be […]
Four Richmond-area distribution centers sell for $105.6M
A joint venture between Glen Allen-based Lingerfelt and Swiss private investment firm Partners Group bought three Chesterfield County distribution centers and one Hanover County facility for $105.6 million, Lingerfelt announced Friday. The four multi-tenant facilities are 100% leased to 18 tenants and total 1.16 million square feet. The properties were developed between 2000 and 2003. […]
Colliers to manage, lease City Center at Oyster Point
Colliers will be the leasing and management company for City Center at Oyster Point in Newport News, Florida-based real estate investment firm Murphy Property Group announced last week. Colliers will manage nearly 600,000 square feet across nine buildings. City Center, which is 52 acres, serves as sort of a central downtown area for Newport News […]
Colliers promotes two Va. execs
Colliers has promoted two executives to serve in new leadership roles. Jessica Butterworth, formerly director of engineering, will serve as senior director of operations for Virginia and Raleigh, North Carolina. Greg Nachman, formerly senior portfolio manager, has been promoted to director of operations for Richmond and Charlottesville. Both will be based in Richmond. Butterworth has […]
Va. Beach office building sells for $15.5M
Charlottesville-based Seminole Trail Management LLC is the new owner of Pinehurst Centre, a 99,337-square-foot office building in Virginia Beach, Colliers announced Jan. 9. Virginia Beach-based real estate developer Robinson Development Group sold the four-story, Class A office building to Seminole Trail for $15.5 million. The office is located at 477 Viking Drive in the Lynnhaven […]
