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Hampton apartments purchased for $2.89M
A 42-unit residential property in Hampton was sold for $2,890,000, Cushman & Wakefield | Thalhimer announced last week. Pembroke Pines, at 1625 W. Pembroke Ave., was sold to Pembroke HR 757 LLC from 1625 Pembroke Property LLC as an investment. Clark Simpson of Cushman & Wakefield | Thalhimer’s Capital Markets Group handled the sale negotiations […]
Southern Fairfax retail property sells for $14.2M
A private buyer has purchased a 7.1-acre retail property in southern Fairfax County for $14.2 million, Avison Young Capital Markets Group announced last week. The property at 6001 Kingstowne Village Parkway in the Alexandria area, off Telegraph Road, was sold by The Halle Cos. and is fully leased to an Aldi supermarket, a La-Z-Boy store […]
Va. Beach retail building sold for $2.2M
A Virginia Beach retail building has been sold for $2.2 million, and the buyer plans to develop a Freddy’s Frozen Custard & Steakburgers restaurant in the 6,000-square-foot building, Cushman & Wakefield | Thalhimer announced last week. Mosley Real Estate Advisors Inc. purchased the 796 Lynnhaven Parkway building from United Restaurant Group LP and also plans […]
Va. Beach industrial property sells for $3M
A 38,600-square-foot industrial building on 4.34 acres in Virginia Beach has been sold for $3,015,000, Cushman & Wakefield | Thalhimer announced last week. The property at 1424 Baker Road was sold by Baker & Associates LLC to B&D Acquisitions as an investment. Geoffrey W. Poston of Cushman & Wakefield | Thalhimer handled negotiations on the […]
Henrico County building sold for $2.2M
Brian Scrimpsher purchased a 15,327-square-foot building for $2,225,000 in western Henrico County, which will be used as a VA Cars Inc. dealership, Cushman & Wakefield | Thalhimer announced last week. The property at 7494 W. Broad St. is on 1.1 acres, and it was purchased from Ross Square LLC, with James Ashby IV of Cushman […]
East Coast Appliance acquires Norfolk building for $1.4M
East Coast Appliance has purchased a 40,000-square-foot building in Norfolk for $1.4 million, which it plans to use as a warehouse, Cushman & Wakefield | Thalhimer announced last week. The property, at 1164 Azalea Garden Road, is on 2.9 acres and was purchased from Richard and Cheryl Hart. Geoffrey W. Poston of Thalhimer handled the […]
Williamsburg apartment complex sold for $46M
New York-based Kushner Cos. has purchased a 212-unit apartment complex in Williamsburg for $46 million, commercial real estate sales corporation Berkadia announced Thursday. Spotswood Commons, located at 100 Glenburnie Road, was sold by Massachusetts-based The Dolben Company Inc. Drew White, senior managing director of Berkadia’s Washington, D.C., office, and Carter Wood, director of Berkadia’[...]
Chesterfield business park portfolio sold for $39.5M
A Miami-based investor purchased a five-building Chesterfield County office portfolio for $39.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The Boulders and Moorefield business parks — totaling 414,322 total square feet that is 87% leased to several tenants that include AIG, Accenture and others — were sold by Hertz Investment Groups, represented by Thalhimer’s [&he[...]
Henrico-based medical office sells for $32.5M
Brookfields Commons, a Henrico County medical office property, has sold for $32.5 million, Cushman & Wakefield | Thalhimer announced last week. Nashville-based Montecito Medical acquired the 90,598-square-foot Class A property on June 11 from an entity managed by Stanley Shield Partnership, which was represented by Thalhimer’s Capital Markets Group. The sale was completed by Eric [&helli[...]
McLean shopping center purchased for $32.1M
Federal Realty Investment Trust has purchased an 80% interest in Chesterbrook Shopping Center in McLean for $32.1 million, after managing the property for almost 20 years. The Bethesda, Maryland-based REIT made the acquisition on April 30, which it announced last week. The nearly 90,000-square-foot shopping center at 6244 Old Dominion Drive is 83% occupied and […]
Two Henrico County buildings sell for $12.35M
Two commercial buildings in Henrico County were sold to Maryland-based Feldman Bergin Properties, Colliers International announced last week. According to county property records, Deep Run Business Centre I and II sold for $12.35 million. The 88,118-square-foot, two-building portfolio at 3955-3991 Deep Rock Road is 100% occupied with such tenants as Capel Rugs, Phoenix Fitness, Next […]
Charlottesville property sold for $1.35 million
A Charlottesville warehouse and office building sold for $1.35 million, Cushman & Wakefield | Thalhimer announced last week. Lobban Place LLC purchased two acres of industrial-zoned land at 3325 Lobban Place, which includes a 7,080-square-foot building, from Sea Grove LLC. The purchaser plans to occupy the property, but other details were not disclosed. Reilly Marchant […]
