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Industrial building in Va. Beach sells for $6.15M
An 83,200-square-foot industrial building in Virginia Beach has sold for $6.15 million. Eisner Family Limited Partnership and Bart M. Eisner 2019 Irrevocable Trust purchased the building on 4.697 acres at 5721 Bayside Road in Virginia Beach from Chiap Hua Inc. The purchaser plans to hold the property as a long term investment. Stephanie Sanker with […]
Va. Beach apartment complex goes for $28.1M
Arbor Trace Apartment Homes, a Virginia Beach complex in the Oceanfront area, has sold for $28,175,000 to Hill Property Partners LLC, S.L. Nusbaum Realty Co. announced Monday. The neighborhood at 624 Suhtai Court is made up of 148 two-bedroom units, which will receive upgraded flooring and new appliances and fixtures. The community also includes a […]
Green Clean Express Auto Wash to open 20+ locations in Va.
Green Clean Express Auto Wash, a Norfolk business acquired by Ohio-based Express Wash Concepts in May, plans to open more than 20 car wash locations throughout Hampton Roads, Richmond and Charlottesville by the second quarter of 2022. As part of its expansion, Green Clean purchased an acre in Virginia Beach for $1,794,500, Cushman & Wakefield | […]
Recent commercial real estate deals in Hampton Roads
The following commercial real estate deals in Hampton Roads were announced the week ending Sept. 17 by local firms. A multi-tenant retail condo at The Strand at 3244 Holland Road in Virginia Beach sold for $2.02 million. The 10,200-square-foot building was purchased by a private investment group that will occuply one of the existing spaces. […]
Pamunkey Tribe names W.M. Jordan, Suffolk as Norfolk casino builders
Newport News-based construction company W.M. Jordan Co. will team up with a national firm, Suffolk, to build Norfolk’s $500 million HeadWaters Resort & Casino project on the Elizabeth River, according to a Friday announcement from the Pamunkey Indian Tribe, the casino’s operator. Suffolk, which earns $4 billion in annual revenue and employs 2,500 people in […]
Midlothian Crossing Shopping Center sells for $6.6M
Midlothian Crossing Shopping Center in Chesterfield County sold for $6.64 million on Sept. 9, Cushman & Wakefield | Thalhimer announced Friday. The 87,938-square-foot strip mall is located at 8501 Midlothian Turnpike at the intersection of Midlothian Turnpike and Powhite Parkway. The property is 95.6% leased and is anchored by Big Lots and Goodwill retail locations. Catharine […]
Branch Group HQ in Roanoke sells for $2.9M
The Branch Group Inc. has sold its Roanoke headquarters building for $2.9 million, Poe & Cronk Real Estate Group announced this week. The 39,016-square-foot building at 442 Rutherford Ave. will remain as the company’s headquarters in a sale-leaseback transaction that allows the construction company to be a tenant. The buyer, represented by Matt Huff and […]
Former SunTrust branch in Charlottesville sells for $2.5M
A former SunTrust Bank branch in downtown Charlottesville was recently sold for $2.53 million, Poe & Cronk Real Estate Group announced this week. Anchor Charlottesville Office 2 LLC, a business entity connected to Charlottesville-based Anchor Health Properties, purchased the 18,746-square-foot property at 402 Park St. from WGM Acquisitions LLC on Aug. 24, according to city […]
Dominion Energy to sell downtown Richmond high rise
Dominion Energy is selling its 20-story high rise building in downtown Richmond’s Financial District as the company looks toward a future that includes a hybrid workforce. Mike Frederick, the company’s senior vice president-administrative services, told employees Thursday in a memo that Dominion’s Eighth and Main tower, at 705 E. Main St. will be sold. Real […]
Caravati’s building in Richmond sells for $2.03M
The former Caravati’s Inc. building in Richmond sold for $2.03 million, Colliers International in Virginia announced Sept. 2. Located at 104 E. Second St. in the Manchester area, the two-story building has 38,000 square feet. The buyer, 104 E. Second St. LLC, plans to develop the building into 42 apartment units. Construction is expected to […]
Apartment buildings in Forest sell for $6.6M
Jefferson Ridge Apartments in Forest sold for $6.6 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group and Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group announced Tuesday. The sale finalized last week. Built in 1995, the 68-unit, 8-building apartment campus is located at 143 Jefferson Ridge Road. The buildings total 52,280 square feet. Colorado Limi[...]
Three Lynchburg apartment buildings sell for $8.2M
Three apartment buildings within the Cornerstone community in Lynchburg sold for $8.2 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The buildings, located at 301 Rotunda St., 121 Colonnade St. and 101 Colonnade St. were built in 2012. They contain a total of 68 apartment units — 46 two-bedroom, two-bath units and […]
