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Hyundai dealership to open in Roanoke County
A Hyundai sales and service facility is coming to Roanoke County, car dealership group Southern Team Automotive Group announced Tuesday. The 30,000-square-foot facility will be located at 7300 Williamson Road in the Hollins area in northern Roanoke County. The two-story showroom and facility will have DC fast-charging stations for electric vehicles. Construction is set to […]
UNIS to add nearly 1M square feet near Port of Virginia
California-based third-party logistics company UNIS LLC plans to open two sites near the Port of Virginia next year, comprising nearly 1 million square feet. Industrial Realty Group LLC, which will construct the buildings, announced the project last week. It includes a 910,000-square-foot high volume, cross dock terminal in Suffolk and a 72,000-square-foot transload facility in […]
Williamsburg hotel sells for $4.47M
A former Park Inn by Radisson hotel in Williamsburg has been sold for $4.47 million, Cushman & Wakefield | Thalhimer announced Thursday. The 122-room hotel, located at 2007 Richmond Road, was purchased by The Tapestry Group Inc. in partnership with SBG Richmond Road LLC from SHNI Corp. as an IRS Section 170 bargain sale transaction. […]
Fresh Market property in Chesterfield sells for $6.9M
The Fresh Market grocery store property in Chesterfield County near Midlothian has sold for $6.9 million, Colliers announced Monday. The 31,394-square-foot property was acquired from the California-based seller, 1200 Huguenot Road LLC, by California-based 101 North A ST LLC. It is located at the intersection of Midlothian Turnpike and Huguenot Road. Mark Williford, Will Bradley […]
Camping World property in Hanover sells for $19.4M
The property where Camping World is located in Hanover County has been sold for $19.4 million, Colliers announced Monday. Camping World is at 11525 Sunshade Lane on 30.16 acres with 1,650 feet of Interstate 95 frontage, south of the town of Ashland. It serves as the company’s East Coast flagship location. EMAC LLC bought the […]
Kicking the can
In April 2020, Savan Group LLC, a federal contractor specializing in digital transformation, information technology and management consulting, gave up its 10,500-square-foot office space in Tysons. Like many other companies, Savan Group shifted to remote work due to the COVID-19 pandemic, but by summer 2021, company President and CEO Veeral Majmudar was ready to look […]
Marina Point Apartments in Chesapeake sell for $14.15M
The Marina Point Apartments complex in Chesapeake has sold for $14.15 million, brokerage firm Marcus & Millichap announced Feb. 23. MRKT Realty LLC acquired the property from a joint venture headed by Phil Capron, according to Marcus & Millichap. The 104-unit multifamily property located at 1301 Canal Drive includes 13 buildings with one-, two- and […]
Chesapeake office buildings sell for $18.9M
Two office buildings in the Greenbrier area of Chesapeake have been sold for $18.9 million, Cushman & Wakefield | Thalhimer announced Feb. 22. Miami-based KAS Partners acquired Greenbrier Office Towers I and II from FP Greenbrier Towers LLC, according to Chesapeake property records. The 171,762-square-foot Class A office portfolio is on 11.44 acres at 860-870 […]
Williamsburg’s Midtown Row to be acquired for $122M
Broad Street Realty Inc. will acquire Midtown Row in Williamsburg for $122 million, the Bethesda, Maryland-based company announced on Feb. 22. It previously has served as the mixed-use development’s manager and leasing broker. Broad Street is acquiring the 221 Monticello Ave. property from a joint venture whose controlling general partner includes Broad Street Principals, Lamont […]
U.Va. creates new center for real estate
The University of Virginia has established a new Center for Real Estate and the Built Environment at the McIntire School of Commerce with a $10 million alumni gift, the university announced Tuesday. The center, which will serve as a hub to bring together U.Va.’s commercial real estate curriculum with university research, is being launched with […]
Virginia Beach medical building sells for $21M
A medical office building in Virginia Beach sold for $21 million, Nashville, Tennessee-based buyer Montecito Medical Real Estate announced Thursday. Located at 1717 Will O’ Wisp Drive, the two-story Beach Medical Pavilion has 52,000 square feet. Its tenants are Gastroenterology Ltd. of Virginia Beach and OrthoVirginia. The property is across the street from Sentara Virginia […]
Capital Automotive Real Estate acquired for $3.8B
McLean-based Capital Automotive Real Estate Services Inc. has been acquired by Los Angeles-based investment management firm Ares Management Corp. for $3.8 billion, Ares announced Thursday. Ares bought the company from a Brookfield private real estate fund, according to a news release from Ares. The purchase was made with funds managed by Ares’ alternative credit strategy […]
