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Richmond hostel sells for $1.8M
The former HI Richmond Hostel sold for $1.8 million, S.L. Nusbaum Realty Co. announced. Located at 7 N 2nd St., the 13,704-square-foot building is expected to remain a hostel. Potomac Area Hostels Inc. bought the building from American Youth Hostels Inc. Thomas Langston and David T. Kalman with S. L. Nusbaum represented the buyer.
Trane distribution facility in Midlothian sells for $14.15M
Fairfax-based Peterson Cos., known for developing National Harbor in Maryland, closed Thursday on its $14.15 million purchase of an off-market distribution facility in Midlothian. The 83,025-square-foot facility, located at 14000 Justice Road, sits on a nine-acre parcel. It was constructed for Ingersoll Rand dba Trane Technologies Inc. and was completed in December 2018. It is […]
Dominion Business Center in Chesapeake sells for $5M
The two-building Dominion Business Center in Chesapeake sold for $5 million, Cushman & Wakefield | Thalhimer‘s Capital Markets Group announced Aug. 16. Located at 1001, 1005 and 1009 Scenic Parkway, Dominion Business Center sits on about 21 acres within the 325-acre Dominion Commerce Park. The center is 90% leased to a group of 15 office […]
Hanover Harley Davidson building sells for $2.9M
A Hanover property that will become the new Peebles Golf Cars headquarters sold for $2.9 million, Colliers | Virginia announced Monday. Located at 10441 Washington Highway, the facility sits on 5.3 acres. Peebles Golf Cars will move its headquarters from Glen Allen to the 31,815-square-foot property. Old Washington Highway LLC bought the property from G […]
Capital Square buys Chesterfield apartment complex for $86M
Henrico County-based Capital Square 1031 purchased the Livingston Apartment Flats in Chesterfield County from Cosby Village Residences LLC for $86 million earlier this month. Whitson Huffman, Capital Square’s chief strategy and investment officer, noted that Chesterfield’s population grew 11% between 2010 and 2019 and is projected to grow another 12% by 2030, making the area […]
Developer plans 800K-square-foot industrial building in Suffolk
A Kansas-based industrial developer has purchased 72 acres in Suffolk for $4.1 million, with plans to construct an 813,721-square-foot logistics center by September 2022. Cushman & Wakefield | Thalhimer announced the sale Friday, in which Geoff Poston and Ellis Colthorpe handled negotiations on behalf of the seller, Equus Capital Partners Ltd. The 72.52-acre plot at […]
Software firm to take over former Va. Beach Sears space
Decisions LLC, a provider of no-code, business process automation software, is moving its headquarters from Chesapeake to the former Sears building at Pembroke Mall in Virginia Beach, Cushman & Wakefield | Thalhimer announced this week. The company has leased 52,638-square-feet of office space at the shuttered department store at 4588 Virginia Beach Blvd., at the […]
Staunton senior community sells for $4.75M
A senior-living community with 62 one- and two-bedroom apartments in Staunton has sold for $4.75 million, Cushman & Wakefield | Thalhimer announced this week. Formerly a high school built in 1926, Gypsy Hill Place was converted to apartments and commercial space in 2009. Original developer Gypsy Hill Place LLC, represented by John Pritzlaff and Jenny […]
Scott’s Addition property sells for $10.8M in Richmond
A 53,392-square-foot mixed-use property in Richmond has sold for $10.8 million, Cushman & Wakefield | Thalhimer‘s Capital Markets Group announced Friday. The 1.81-acre plot was sold by an entity co-managed by Richmond-based Fountainhead Development and Lynx Ventures. The building, on 1300 MacTavish Ave. in the Scott’s Addition neighborhood, has 13 apartments and 42,892 square feet [...]
Powhatan shopping center sold for $4.3M
The Maxey Center, a shopping center in Powhatan County, has sold for $4.325 million, S.L. Nusbaum Realty Co. announced Friday. Ruffin Mill LLC, a local investor, purchased the property at 3452 Anderson Highway. The 17,235-square-foot, fully leased shopping center includes tenants Powhatan Medical Associates, Edward Jones, Angela’s Italian Restaurant, ERA Napier and Powhatan Gentle Dentistry.[...]
Metro unveils major Falls Church redevelopment agreement
The Washington Metropolitan Area Transit Authority has signed an agreement to redevelop the West Falls Church Metro Station site as a more than 1 million-square-foot mixed-use development. Construction is expected to begin in 2023. The agreement was reached with FGCP-Metro LLC, a joint real estate development partnership involving Bethesda, Maryland-based EYA LLC, Washington, D.C.-based Hoffman [&[...]
W.M. Jordan Co. hires business development manager
W.M. Jordan Co. has hired Erica Viola as the firm’s business development manager, the Newport News-based construction firm announced on Aug. 3. Viola will focus on seeking new business and building relationships across the Hampton Roads region, according to a news release from W.M. Jordan. The Maryland native previously worked for civil construction firms Iron […]
