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Recent real estate sales from around Virginia
Central Virginia A 26,500-square-foot office building in Henrico County has sold for $1.95 million, Cushman & Wakefield | Thalhimer announced. The building is located at 8921 Three Chopt Road and was 81% leased at the time of the sale. Porter Street Holdings LLC bought the building from 8921 Three Chopt LLC. The transaction was completed […]
Middleburg Communities names chief economist
Vienna-based real estate company Middleburg Communities has named Brad Case as chief economist and director of research, it announced Thursday. Case will provide analysis for buying, selling, developing and market focus tactical decisions. “Brad Case is one of the most respected economists in commercial real estate, and we are very excited to have him join […]
Five-building industrial portfolio sells for $9M
A five-building industrial portfolio with buildings in Harrisonburg, Chesterfield County, Newport News, Virginia Beach and Durham, North Carolina, sold for just over $9 million Thursday, Glen Allen-based commercial real estate firm Commonwealth Commercial Partners LLC (CCP) announced. ESAP LLC sold the portfolio to Drakadia Holdings LLC, a business entity registered to an eastern Henrico County [&[...]
Colliers names new regional manager for Va., Raleigh brokerage
Colliers has named a new regional operations manager for its Virginia and Raleigh, North Carolina, offices, the commercial real estate company announced this week. Kristina Rodriguez, who will be based in Norfolk, will oversee the Colliers Virginia offices in Charlottesville, Fredericksburg, Richmond and Norfolk, along with the Raleigh office, and manage their brokerage division, including [&helli[...]
Multifamily residences sell in Suffolk, Norfolk
An apartment complex in Norfolk and a townhouse community in Suffolk both sold this week, Colliers Virginia announced Friday. Beamons Mill Townhomes, at 224 Beamons Mill Trail in Suffolk, was sold by Outlier Realty Capital to The Apartment Gallery for $9.15 million. The 55-unit townhome community was built in the early 2000s. Each townhouse is […]
NoVa office space market improves after pandemic disruption
The Northern Virginia office real estate market showed improvement in leasing activity and occupancy loss in the third quarter, following four quarters of disrupted activity, according to a report released by commercial real estate services and investment firm CBRE Group Inc. this week. Gross leasing activity held steady from the second quarter, ending the third […]
1.9M-square-foot industrial park being built in Stafford
The Fairfax-based Peterson Cos. is building a 1.9 million-square-foot development in a 270-acre industrial park in Stafford County, and JLL will oversee the leasing, the companies announced Friday. Northern Virginia Gateway, which is expected to be built out within a year, is on Centreport Parkway, off Interstate 95. “Peterson’s initial foray into the metro D.C. […]
Home sales, price growth to slow in 2022 after rapid 2021 rises
Virginia home sales in 2022 will be down by about a tenth of a percent compared to 2021 sales, according to a forecast report released Friday by Virginia Realtors. In 2021, the report projects a total of about 148,600 home sales in Virginia, up 6.2% from 2020. “While home sales activity in 2021 will surpass […]
Six Staunton apartment properties sell for $6.3M
Staunton Portfolio LLC has purchased a six-property multifamily portfolio, which includes 88 apartments for $6.3 million, Cushman & Wakefield | Thalhimer announced Wednesday. The portfolio was sold with assumable long-term fixed-rate debt in place. The seller was LSK Properties LLC. The properties are located in Staunton at 1020 Rockaway St., 2407 Bare St., 2501 Hickory […]
Charleston developer breaks ground on mixed-use building in Richmond
Charleston, South Carolina-based real estate development company The Beach Co. announced Tuesday that it had broken ground on a 1.65-acre mixed-use development in Richmond called Tidewater, which has an expected completion of spring 2023. Located in the Manchester neighborhood at 700 Semmes Ave., the six-story development will have about 266,854 square feet of apartments, about […]
Louisa, Caroline mobile home parks sell for $3.7M
Six-0-Five Village Mobile Home Park in Louisa and The Hill Mobile Home Park in Bowling Green sold for $3.7 million. HOA LLC purchased the mobile home park at 1 Zarin Avenue off Route 522 and Route 33. and the 12-acre The Hill Mobile Home Park on S. Main Street from Six-0-Five Mobile Home Group LLC. […]
28 acres in Chesterfield sells for $4.233M
About 28 acres of land in Chesterfield County sold for $4.233 million on Sept. 16, Cushman & Wakefield | Thalhimer announced Thursday. The land is located at Hull Street Road and Route 288. Rebkee Partners and affiliates purchased the acreage from 360 Capital Partners. David M. Smith of Cushman & Wakefield | Thalhimer represented the […]
