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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 […]
Historic Roanoke building sells for $9.5M
The Elmwood Building in Roanoke sold for $9.5 million, Hall Associates Inc. and buyer Freedom First Credit Union announced Tuesday. Located at 207 Bullitt Ave. SE in Roanoke’s Downtown Historic District, the 4-story, 46,500-square-foot building was built in 1919 and has housed a hardware store, furniture warehouse and Meridium Inc., and is currently housing GE […]
Virginia Beach office building sells for $10.45M
A building in the Reflections Office Park in Virginia Beach sold for $10.45 million, Cushman & Wakefield | Thalhimer announced Monday. Built in 1999, the building, Reflections IV, is 79,946 square feet and sits on 4.51 acres. It is located at 2901 S. Lynnhaven Road, and its tenants include Timmons Group, RK&K, Midgett Preti Olansen […]
Virginia Beach neighborhood center sells for $6.43M
A neighborhood shopping center in Virginia Beach sold for $6.43 million, Colliers’ Retail Investment Group announced last week. Located at 3208 Holland Road, the center, Buckner Plaza, is 63,500 square feet and sits on 5.48 acres. It is 95.4% leased and anchored by Food Lion and Dollar General. Food Lion has been a tenant since […]
Virginia Beach restaurant building sells for $1.6M
A restaurant building in Virginia Beach sold for $1.6 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 1784 General Booth Blvd., the building is 5,105 square feet. Mahant Enterprise LLC bought the building from El Tapatio III for a Fuddruckers restaurant. Rob Wright with Thalhimer handled the sale on behalf of the buyer.
GreenCity arena hopes to draw sports, music acts
When developers unsuccessfully pitched Navy Hill, a $1.5 billion mixed-use project and arena that sought to reinvent Richmond’s downtown, they posed a question: If a major draw like Beyoncé came to town, where would she perform? Now those same developers are aiming to host artists like Justin Timberlake, Green Day and John Legend at GreenCity, […]
