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Six-building portfolio in Manassas sells for $45M
A six-building portfolio, comprising 212,000 square feet of warehouse and flex space in Manassas, has been sold by Bethesda, Maryland-based Finmarc Management to The Davis Companies and David Holdings JV for $45.58 million, Finmarc Management Inc. announced Jan. 5. The buildings are located at 7345, 7663 and 7795 Coppermine Drive and 7201, 7301 and 7401 […]
Va. Beach vacation company acquired by Calif. company
Mill Valley, California-based Vacatia Inc. has acquired Virginia Beach-based hospitality and vacation ownership company VSA Resorts, the timeshare owner and property management services provider announced Jan. 3. Financial details of the transaction were not disclosed. VSA owns three Virginia Beach properties: Ocean Key Resort, Atrium Resort and Ocean Sands Resort. The company also manages wholly-[...]
Richmond seeks developers for Diamond District
The city of Richmond issued a request for interest on Dec. 28, 2021, seeking developers for the 66.7-acre Diamond baseball stadium property it has dubbed the Diamond District. The city plans to demolish the stadium and construct a new multipurpose one that the Richmond Flying Squirrels will share with Virginia Commonwealth University’s baseball team near […]
Need for speed
Geoff Poston likens the current market for building, buying and leasing warehouses and distribution centers to the mid-1800s California Gold Rush: Everybody wants in. Poston, vice president of Cushman & Wakefield | Thalhimer‘s Hampton Roads industrial group, says demand has never been greater for industrial real estate, creating a tight market with low vacancy. “The […]
Innsbrook office buildings sold for $20.8M
Virginia Beach-based The Runnymede Corp. has purchased the Waterfront Plaza office portfolio at Innsbrook Corporate Park in Henrico County for $20.8 million from Raleigh, North Carolina-based Highwoods Properties, Cushman & Wakefield | Thalhimer announced Wednesday. The portfolio consists of two buildings: the 58,366-square-foot Hamilton Beach building, fully leased to Hamilton Beach Brands I[...]
Richmond warehouse sells for $7.5M
SR Westwood Avenue LLC has purchased 129,800 square feet of warehouse space on 4.76 acres of land at 2031 Westwood Ave. in Richmond from Westwood Development Group LLC for $7.5 million, Commonwealth Commercial Partners LLC announced Wednesday. Ben Bruni and Ryan Fanelli of Commonwealth Commercial Partners represented the buyer.
The Maury Building in Norfolk sells for nearly $4M
Williamsburg-based Alcove Corp. has acquired The Maury Building in Norfolk’s Interstate Corporate Center office park for $3.475 million. Alcove bought the 27,250-square-foot office building at 6300 Center Drive from Miami-based investment and development firm Adler Group. The building houses the Norfolk location of Fortis College, a national, privately owned for-profit college that holds a l[...]
7-Eleven portfolio sells for $19.7M
A portfolio of seven 7-Eleven Inc. gas and convenience locations around the commonwealth have been sold to affiliates of Hermosa Beach-based Equitas Investments LLC for $19.7 million, Cushman & Wakefield | Thalhimer announced Monday. The deal closed on Dec. 22 and includes seven freestanding, corporately leased 7-Eleven stores and gas stations. The seller was not […]
Falls Church strip mall gets new look
The shopping center formerly known as Falls Plaza in Falls Church has a new look and a new name: Birch & Broad. Renovations are now complete at the 144,000-square-foot strip mall, which is anchored by a Giant Food supermarket. Other tenants include Conte’s Bike Shop, CVS Pharmacy, Plaka Grill, Starbucks, Jersey Mike’s and Road Runner […]
Three Haymarket buildings sold for $13M
An affiliate of Fairfax-based Meladon Group LLC purchased three buildings in Haymarket for $13 million, Cushman & Wakefield | Thalhimer announced Tuesday. The seller was not disclosed. The portfolio includes buildings leased to CVS, Chick-Fil-A and Virginia National Bank on 5.63 acres at the intersection of Virginia Route 15 and Washington Highway, just off Interstate […]
Two Lynchburg apartment complexes sell for $7M
Two Lynchburg apartment communities have sold for $7 million, Cushman & Wakefield | Thalhimer announced Wednesday. Deal Properties sold Bramblewood Apartments, with 71 units, and Craigmont Manor, with 24 units, to BWCM Apartments LLC. BWCM plans to upgrade the properties. Clay Taylor of Cushman & Wakefield | Thalhimer’s Capital Markets Group out of Roanoke and […]
Capital Square 1031 acquires Powhatan apartments
Henrico-based Capital Square 1031 purchased the Artistry at Winterfield, a 200-unit apartment community in Powhatan County, just over the Chesterfield County line in Midlothian, the company announced Dec. 23. The acquisition was on behalf of CS1031 Artistry at Winterfield Apartments DST, which is raising $35.2 million in equity from accredited investors. The purchase price was […]
