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Alexandria warehouse sells for $9M
Washington, D.C.-based Lee & Associates has brokered the $9 million sale of a 28,000-square-foot warehouse at 619 S. Pickett St. in Alexandria to Terreno Realty Corp. The 1.27-acre site is adjacent to the Van Dorn Street Metro station. Josh Simon, president of Lee & Associates | Washington, D.C., represented the seller, DVPP LLC. The building […]
Commercial real estate leasing roundup
The following lease transactions took place in Virginia through Nov. 8: Central Virginia Virginia Insurance Services Inc. leased 1,900 square feet at 1 Park West Circle in Chesterfield County. Tucker Dowdy and Jamie Galanti of Commonwealth Commercial Realty represented the landlord. Kala Brand Music Co. leased 29,342 square feet at 11223 Leadbetter Road in Hanover […]
Lynchburg apartments sold for $4.1M
A four-property multifamily apartment portfolio including 55 apartments has been sold in Lynchburg for $4.1 million. The portfolio was sold to a local investment group, AC Capital LLC, which intends to pursue a value-addef strategy to upgrade the properties, all located in Lynchburg. The properties are at 200 Cleveland Ave. (Windsor Apartments), 3710 Fort Ave. […]
Great Outdoor Provision Co. to expand flagship store in C-ville
Raleigh, North Carolina-based retailer Great Outdoor Provision Co. is opening an expanded flagship store in August 2022 in Charlottesville. The independently owned retailer, which sells outdoor clothing and recreational gear such as camping equipment and kayaks, will more than double that space of its Barracks Road location, growing from 9,641 square feet to 20,358 square […]
Inova Ambulatory Surgical Center sells for $5.5M
The Inova Ambulatory Surgical Center in McLean has sold for $5.5 million, according to Cushman & Wakefield. The property was sold by Barlow Corp. to BAPPU LLC. The center includes two medical office condos totaling 9,925 square feet on the fourth floor of a larger medical office building totaling 70,055 square feet. The building is […]
Woodbridge medical building sells for $5.2M
The Virginia Gastro Health Woodbridge building has sold for $5.2 million, according to Cushman & Wakefield. The 17,988-square-foot medical office building at 14010 Smoketown Road in Woodbridge is 92% leased to five tenants and anchored by Gastro Health. The building was renovated in 2010. It is located near Sentara Northern Virginia Medical Center and the […]
Recent commercial real estate transactions around Virginia
S.L. Nusbaum Realty announced that HM Management LLC has purchased a 35,355-square-foot former assisted living facility on 0.45 acres located at 501 N. Allen Ave. in Richmond from Care GSL Richmond PropCo LP for $3.5 million. Nathan Shor handled the transaction. Cushman & Wakefield | Thalhimer announced the sale of 3750 Progress Road in Norfolk. […]
Breeden to develop $27M mixed-use project near RVA’s Diamond
Virginia Beach-based The Breeden Co. intends to build a $27 million mixed-use development, Duplex Station on Hermitage, on the former Cobb Lumber site near Richmond’s Scott’s Addition neighborhood and less than a mile from The Diamond ballpark, the company announced Monday. Located at 2300 Hermitage Road, the project is slated to include 142 apartments and […]
Recent real estate deals around Virginia
Cushman & Wakefield | Thalhimer represented the seller, LNR Property, in the $2 million sale of part of 260 Boush Street, a multiuse commercial and residential building in downtown Norfolk. Tidewater Community College is the purchaser of the 37,065-square-foot commercial space on the first floor, plus 99 parking spaces on the second floor of the […]
Richmond apartment building sells for $27M
A 157-unit apartment building in Richmond sold for $27.25 million, Minneapolis, Minnesota-based real estate broker NorthMarq announced Wednesday. Located at 308 N. Nansemond St., the three-story property known as The Gallery Midtown was built in 1938. The previous seller, Richmond-based Spy Rock Real Estate Group, renovated the building. Provo, Utah-based developer Peak Capital Partners bought [&h[...]
Petersburg retail centers sell for $10.25M
Two neighborhood retail centers in Petersburg sold for $10.25 million on Oct. 15. The two properties total 192,510 square feet and occupy 24.9 acres. Located at 3330 S. Crater Road, South Crater Square is 82.7% leased and anchored by Rose’s, with Walmart Supercenter as a shadow anchor. Pinehill Plaza, located across the street at 3333 […]
Lumen apartments sell for $82M in Hampton
New York-based Kushner Cos. has purchased the 300-unit Lumen luxury apartment complex in Hampton for $82 million, Berkadia Institutional Solutions announced Thursday. Located at 2100 N. Campus Parkway near the Hampton Roads Center business park, the Lumen complex was sold by a partnership formed by Virginia Beach-based real estate development company L.M. Sandler & Sons […]
