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Commercial real estate leasing roundup
Hampton Roads Daliza’s Dominican Beauty Salon leased 1,200 square feet of retail space at 980 J. Clyde Morris Blvd. in Newport News. Bob Saunders of Harvey Lindsay Commercial Real Estate handled this transaction. Audio Pros Inc. renewed its lease of 3,47 square feet of retail space at 894 East Little Creek Road in Norfolk. Kimberly […]
Colonial Heights shopping center sells for $26.25M
Colonial Square, a Publix-anchored shopping center in Colonial Heights, sold for $26.25 million, JLL announced Thursday. Colonial Square Associates – A Berman Kappler Property sold the shopping center to United Hampshire US REIT. The shopping center is 168,326 square feet and is 99% leased. It was constructed in 1967 and underwent renovations in 2017, when […]
KBS sells Fairfax office park for $106M
KBS has sold Willow Oaks Corporate Center in Fairfax County’s Merrifield area to Utah-based Bridge Investment Group for $106 million, Newport Beach, California-based KBS announced Thursday. The 584,147-square-foot Class A office park was built in three phases in 1986, 1989 and 2003. It includes three buildings located near the intersection of Route 50 and Interstate […]
Investment group acquires self-storage complex in Va. Beach
Norfolk-based Cohen Investment Group, a commercial real estate investment company, has acquired Castleton Commerce Center, a 390,380-square-foot self-storage complex in Virginia Beach, from Prime Storage. The complex, at 2424 Castleton Commerce Way, is one of 11 storage properties Cohen Investment Group acquired through five acquisitions this year, according to Eastern Union, which secured $58.15 [...]
11-building office portfolio in Henrico sells for $87M
An 11-building office portfolio in Henrico County sold for $87 million, according to Henrico County property records. A partnership between New York-based Jack Sitt Real Estate LLC and Dubai, United Arab Emirates-based Gulf Islamic Investments LLC bought the portfolio on Dec. 1. Thalhimer did not disclose the seller. The properties are owned by various limited […]
What will Amazon HQ2 look like? Arlington planners weigh in.
Arlington County Planning Division’s Site Plan Review Committee will review the layout and architectural design for PenPlace, the proposed second phase of Amazon.com Inc.’s East Coast headquarters, as well as the proposed public space, in its Monday night meeting. Meeting documents show the proposed layout of the Pentagon City site, which puts the would-be 354-feet […]
Commercial real estate sales roundup
Central Virginia A Starbucks at 2627 Emmet St. North in Charlottesville has been sold for $3.85 million, Cushman & Wakefield | Thalhimer announced Dec. 3. Riverbend Development sold the 2,317-square-foot freestanding building, which includes a Wells Fargo ATM. The transaction was completed by Catherine Spangler of Cushman & Wakefield | Thalhimer‘s Capital Markets Group. Landmark [&he[...]
VCU pays $7.25M for industrial site for planned athletics village
Virginia Commonwealth University has made another buy as it plans out its future athletics village. VCU bought the 5.83-acre industrial site at 1609 Sherwood Ave. in Richmond from Bourne Enterprises LC for $7.25 million, Porter Realty announced Friday. The site contains a 173,580-square-foot existing industrial facility, partially occupied by West End Printing, which will relocate […]
Divaris hires RVA industrial CRE division head
Virginia Beach-based Divaris Real Estate Inc. has hired Dawn Calabrese as the senior vice president to spearhead its Richmond office’s industrial commercial real estate division, the real estate firm announced Thursday. “We are very fortunate and excited to have this opportunity to welcome Dawn Calabrese as senior vice president to the Richmond office. She brings […]
Sterling warehouse sells for $20.8M
Washington, D.C.-based financial technology company Fundrise has purchased a 76,500-square-foot warehouse located at 22480 Randolph Drive in Sterling for $20.8 million, Edge Capital Markets announced Thursday. Edge Capital Markets declined to name the seller. The warehouse is in Broad Run Business Park near the intersection of Randolph Drive and Moran Road, north of Dulles International […]
Cushman & Wakefield | Thalhimer name SVP, commercial property services
Amy Marsden has joined the Cushman & Wakefield | Thalhimer Richmond office as senior vice president of commercial property services, the real estate firm announced Wednesday. The firm’s Commercial Property Services sector manages more than 30 million square feet. Marsden was most recently a senior area director with The RMR Group, a role in which […]
Super-regional shopping center in Richmond sells for $18.25M
The Eastgate Town Center in Richmond sold for more than $18.25 million, Colliers Capital Markets announced Wednesday. Located at 4905-4995 Nine Mile Road, the 117,773-square-foot super-regional shopping center is shadow anchored by a Walmart Supercenter and was 97% occupied at the time of sale. Its tenants include Conn’s Inc., Planet Fitness, Hibbett Sports, Virginia ABC, […]
