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Danville apartment complex sells for $7.85M
Danville Investors LLC sold the 100-unit Turnpike Townhomes for $7.85 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Turnpike Townhome Apartments LLC purchased the apartments at 1300 Franklin Turnpike, as well as parcels of adjacent vacant land, on June 21. Clay Taylor, a certified commercial investment member, of Cushman & Wakefield | […]
Breeden Co. names three new executives
The Breeden Co., the Virginia Beach-based real estate firm, announced last week it has promoted two people to become vice presidents, as well as hiring a third person as a vice president. Brenda Karp, currently vice president of Breeden Realty, has been promoted to vice president of business development for the entire company, effective Oct. […]
Newport News hotel sold for $5.3 million
The Comfort Inn hotel at Newport News’ Patrick Henry Mall has been sold for $5.3 million, Grand Bay Advisors announced earlier in July. The 123-room property will still be operated as a Comfort Inn. Virginia Beach-based Omaarav Hospitality purchased the property from Landmark Hotel Group, which is also based in Virginia Beach. Grand Bay Advisors, […]
Henrico County retail center sells for $8.3M
Ice Zone Shops near downtown Short Pump in western Henrico County has sold for $8.32 million, Cushman & Wakefield | Thalhimer announced Thursday. Florida-based Advanced Properties Ltd. purchased the 62,657-square-foot building from Colony Lake LLC. Catharine Spangler, Connie Jordan Nielsen and Nicki Jassy handled the sale. The center, located at 4350 Pouncey Tract Road, was […]
Fed says Fifth District economy growing moderately
[wpdiscuz-feedback id=”z7qx6rb9ba” question=”Why?” opened=”0″]Amid the post-pandemic recovery[/wpdiscuz-feedback], the Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been seeing moderate economic growth in recent weeks, according to the latest edition of the Federal Reserve’s Beige Bo[...]
Charlottesville apartment complex goes for $44.9M
Barracks West, a 324-unit townhouse and apartment complex in Charlottesville, has been sold for $44.9 million, Edge Multifamily Capital Markets Group announced this week. Located at 255 Saponi Lane, the community was sold off-market to Reston-based Willow Creek Partners by The Goldstar Group. Bethesda, Maryland-based Goldstar purchased the property in 2012 and improved the residences. […]
Valley Wealth Group buys former Truist office in Roanoke
A Truist Bank office in Roanoke was sold for $1.9 million in late June, Cushman & Wakefield | Thalhimer announced. VWG/RNK Properties LLC purchased the 6,715-square-foot office building at 3119 Chaparral Drive from Truist. The property will be the future location of Valley Wealth Group, a Roanoke-based financial management firm. Barry Ward and Price Gutshall […]
Va. Beach KFC building sold for $2.4M
A KFC restaurant in Virginia Beach will become a Cook Out following its $2.44 million purchase by Cook Out – Virginia Beach Inc., Cushman & Wakefield | Thalhimer announced last week. The 2,745-square-foot building at 1010 Independence Blvd. was sold by Cabrillo Mobile Lodge LLC, represented by Dean G. Martin of Thalhimer. The buyer plans […]
Hampton corporate campus sells for $1.95 million
Watson’s Petroleum Equipment Service Real Estate LLC, an entity connected with the petroleum service based in Hampton, purchased a 26,214-square-foot office, manufacturing and warehouse campus on 4.45 acres for $1.95 million, Cushman & Wakefield | Thalhimer announced this week. The property at 3130-3301 NASA Drive in Hampton was acquired from Hampton Commerce Center LP as […]
Retail property sold for $1.29M in Chesterfield
A 10,000-square-foot retail building in Chesterfield County was sold for $1.29 million as an investment, Cushman & Wakefield | Thalhimer announced last week. YIASOU III LLC purchased the building at 10747 Midlothian Turnpike, which is leased by RVA Athletes and Sofa Design, from RDKMT LLC. Graham Stoneburner and R. Scott Douglas of Cushman & Wakefield […]
Virginia Pediatric Eye Center office sells for $1.3M
Virginia Pediatric Eye Center’s Chesapeake office has been sold for $1.3 million, Cushman & Wakefield | Thalhimer announced this week. The 6,586-square-foot building at 1564 Crossways Blvd. was sold by HPR LLC to VPEC Ches Medical LLC, an entity connected to the medical practice. Rob Wright of Cushman & Wakefield | Thalhimer handled the sale […]
Three Blacksburg housing complexes sold for $146M
Three off-campus housing complexes in Blacksburg geared toward Virginia Tech students have been sold for $146 million in a deal closed May 5, Berkadia announced Friday. The buyer, California-based Reliant Group, added the portfolio to its earlier purchase of a student housing property near Virginia Tech. According to Montgomery County property records, Reliant Group-connected CAP […]
