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Buc-ee’s to open in New Kent by 2025
It’s official. Buc-ee’s, the Texas-size travel center chain, completed its purchase of property in New Kent County and will open its first Virginia location in the next two years, with three more slated across the state, S.L. Nusbaum Realty Co. said in a news release. A groundbreaking date for the New Kent site has not […]
Norfolk City Council votes to purchase MacArthur Center
On Wednesday evening during a special meeting, Norfolk City Council members approved plans for the city to purchase the struggling MacArthur Center mall downtown for up to $18 million. The 23-acre MacArthur Center is owned by Wells Fargo & Co., which holds the mall following a loan default by the mall’s previous owner, Connecticut-based Starwood […]
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 […]
James City County farmland sells for $12M
A Houston-based industrial real estate company has purchased a 328-acre former farm in James City County for $12 million with plans to develop facilities for manufacturers, importers and warehousing and distribution companies. Cushman & Wakefield | Thalhimer and sales partners Berkshire Hathaway HomeServices RW Towne Realty announced the sale of The Enterprise Center at Hazelwood […]
Former Henrico bank branch sells for $1.6M
A former Atlantic Union Bank branch in Henrico County has sold for $1.6 million. 8209 W Broad Street LLC, which is registered to an address in Chesterfield County, purchased the 3,579-square-foot former bank office on approximately .58 acres from Atlantic Union Bank. The property is located at 8209 W Broad St. Will McGoogan of Cushman […]
Chesterfield shopping center sells for $4.92M
A Chesterfield County shopping center anchored by a Food Lion has sold for $4.92 million. Cushman & Wakefield | Thalhimer‘s Capital Markets Group represented seller 360 Associates LLC in the sale of Deer Run Village, which also features seven small shop tenants, located at 13947 and 13941 Raised Antler Circle in Chesterfield County, according to […]
Riverdale project could be ‘transformative’
Partnering with the city of Roanoke, developer Ed Walker started redevelopment of 100 acres encompassing the sprawling, former campus of American Viscose, a rayon plant that closed in 1958. “This is a chance we have as a community to really do something transformative,” Roanoke Economic Development Director Marc Nelson says. Located in the city’s southeast […]
Construction begins on $135M Loudoun biz park’s first phase
Construction has started on the first four buildings in an approximately $135 million, 10-building business community in Dulles, project owner-developer St. John Properties Inc. of Baltimore announced Wednesday. The project, Arcola Center, will be a 34-acre business park at the intersection of Loudoun County Parkway and Dulles West Boulevard with eight flex/research and development buildings [&hel[...]
Two retail, office buildings in Chesapeake sell for $3.1M
Two buildings with retail and coworking spaces on South Military Highway in Chesapeake have sold for $3.1 million, Cushman & Wakefield | Thalhimer announced Monday. The 38,800-square-foot and 10,000-square-foot buildings sit on 4.7 acres at 2211 S. Military Highway. The property’s 31 tenants include Amazon.com Inc., FedEx Corp., U-Haul and Laundry Land. Advisory Investments LLC […[...]
Richmond loft apartment community sells for $14.8M
A 70-unit apartment community in Richmond‘s Manchester neighborhood sold for $14.8 million May 12. Putnam Mill LLC, an entity connected to First Priority Management of Washington, D.C., purchased The Mill at Manchester Lofts, a former paper mill and warehouse that now consists of studio, one-, two-, and three-bedroom loft style apartments at 815 Perry St. […]
Divaris restructures C-suite, names new execs
Virginia Beach-based Divaris Real Estate announced Thursday that it is restructuring its top leadership amid growth following recent acquisitions and partnerships. David Sutliff, who has worked as an adviser to the company for 12 years, is the new chief financial officer. Tony Divaris, who was previously the company’s international controller and CFO, has been promoted […]
Charlottesville car dealerships acquired
Flow Automotive Cos. has completed its acquisition of five Umansky Automotive Group dealerships in Charlottesville, the company announced April 18. Terms of the deal were not disclosed. Flow’s acquisition includes locations selling Honda, Toyota, Subaru, Mercedes-Benz, Chrysler, Dodge, Jeep and Ram automotive brands, according to a news release. Flow currently has dealerships representing Au[...]
