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Chantilly industrial building sold for undisclosed price
A 72,014-square-foot flex/industrial building in Chantilly has been sold, Edge Capital Markets announced last week. The building sold for an undisclosed price, but according to Fairfax County property records, it was assessed for $6.1 million in 2021. The building, which is 100% leased and occupied by five tenants, is in the Avion Business Park. It […]
Virginia Beach office building sells for $1.9M
Commonwealth Park Executive Center in Virginia Beach has sold for $1.9 million, Colliers announced Thursday. The Class B, two-story building located at 900 Commonwealth Place once housed the WCMS radio studios and currently is 100% occupied. It was built in 1975. The building has 20,180 rentable square feet leased to five tenants, including Commonwealth Park […]
Danville’s White Mill to be redeveloped into mixed-use project
Danville’s Industrial Development Authority and The Alexander Co. are teaming up to redevelop the city’s White Mill on the Dan River as a mixed-use commercial and residential project, with $62.5 million invested in the first phase, city officials announced Monday. Local officials have long been seeking developers for the site. Interest in the building, which […]
Norfolk Family Dollar store sold for $2.47M
A Family Dollar store in Norfolk has been sold for $2.47 million, Cushman & Wakefield | Thalhimer announced this week. The building at 2328 E. Princess Anne Road was sold on April 30 by Twin Rivers Capital to 527 Kings Hwy LLC, with sale negotiations handled by Catharine Spangler with Thalhimer’s Capital Markets Group and […]
Woodbridge office building goes for $3.25M
A commercial office building in Woodbridge has sold for $3.25 million in an off-market deal, Edge Capital Markets Group announced this week. The 11,200-square-foot building sits on a 1.56-acre parcel of land at 13370 Minnieville Road. Currently the building is occupied by a social services center focused on workforce training and job placement run by […]
Downtown Culpeper mixed-use property sold for $3.95M
The Waters Place mixed-use property in downtown Culpeper has been sold for $3.95 million, Cushman & Wakefield | Thalhimer announced this week. The redevelopment and new building at 201 Waters Place includes 25 residential units and nine commercial spaces. Waters Place sits on half an acre and includes a renovated warehouse from circa 1900, as […]
Técnico Corp. buys Newport News building for $3M
An industrial building in Newport News’ Oyster Point Park was sold for $3.125 million, Cushman & Wakefield | Thalhimer announced this week. Técnico Corp. purchased the 53,414-square-foot building on 3.93 acres from Beja LLC and will occupy the property at 806 Bluecrab Road. Clay Culbreth of Thalhimer handled the sale for the purchaser. The building […]
Seeking growth, GPM enters into agreement with Chicago real estate firm
Richmond-based GPM Investments LLC, the nation’s seventh-largest convenience store chain, announced Tuesday that it has entered into a one-year agreement with Chicago-based Oak Street Real Estate Capital, which is committing up to $1 billion to purchase and lease to GPM real estate parcels associated with GPM’s acquisitions of convenience store chains and fueling stations. A […]
Realtors society elects Dawn Griggs as mid-Atlantic regional director
Dawn Griggs, a first vice president with Cushman & Wakefield | Thalhimer, has been elected as a regional director for the Society of Industrial and Office Realtors (SIOR), the commercial real estate company announced today. Griggs will oversee the Mid-Atlantic Region of the 3,460-member brokerage association in a two-year term that begins with SIOR’s October […]
Q1 sees stronger industrial, mixed office space demand
Cushman & Wakefield | Thalhimer has released Q1 highlights in commercial real estate for several Virginia regions, including Roanoke, Fredericksburg, Hampton Roads, Richmond and Charlottesville. Here are some of the regions’ “fast facts” for the first quarter of 2021: Roanoke’s unemployment rate reached 5.1%, an increase from the fourth quarter but still below the natio[...]
Hampton Roads multifamily portfolio sells for undisclosed amount
In early April, New Jersey-based Brentwood Investment Group and Greencove Capital Group closed a deal to acquire a multifamily portfolio that includes 856-units for an undisclosed amount. The deal included five garden-style multifamily communities in Hampton and one property in Poquoson. Built between 1970 and 1985, the properties have an average unit size of 921 […]
Capital Square names new VP of HR
Henrico-based real estate investment company Capital Square announced on Monday that it has promoted Tangela Lambert to the position of vice president of human resources. Lambert joined Capital Square in 2016 as its human resources director. Lambert has more than 10 years of experience in human resources and employee relations. She earned a bachelor’s degree […]
