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commercial real estate

Jessica Johnson. Photo courtesy Cushman & Wakefield | Thalhimer
Dec 18, 2020

Thalhimer employee named CCIM Mid-Atlantic board secretary/treasurer

Cushman & Wakefield | Thalhimer announced Friday that Jessica Johnson, a certified commercial investment member (CCIM) with its Southwest Virginia office, has been appointed as the secretary/treasurer of the CCIM Mid-Atlantic Board of Directors for 2021 through 2022. There are more than 13,000 members worldwide in 50 CCIM chapters — each focused on networking and […]

13440-13460 Tredegar Lake Parkway. Photo courtesy Cushman & Wakefield | Thalhimer
Dec 17, 2020

Medical office building in Chesterfield sells for $1.825M

A medical office building in Chesterfield County sold for $1.825 million, Cushman & Wakefield | Thalhimer announced Tuesday. Located at 13440-13460 Tredegar Lake Parkway, the single-story, 9,992-square-foot building sits near the intersection of Route 288 and Powhite Parkway. Vascular Surgery Associates, which has six additional offices in the Richmond region, purchased the building located 1 [...]

Map of ICI Group Cos. and Boosalis Properties' North Woodbridge Small Area Plan. Photo courtesy Boosalis Properties
Dec 16, 2020

$380M mixed-use development coming to North Woodbridge

A new $380 million mixed-use development is coming to North Woodbridge in Prince William County, the IDI Group Cos. and Boosalis Properties announced Wednesday. The North Woodbridge Town Center project will include 160,000 square feet of retail space, restaurants, bars, grocery stores as well as 900 apartment units. It will be built during the next […]

2506 58th Street
Dec 11, 2020

Hampton industrial building sells for $1.85M

An industrial building in Hampton has sold for $1.85 million, Cushman & Wakefield | Thalhimer announced Monday. The 39,200-square-foot property is located at 2506 58th St. The property is vacant, but the buyer, Reuter 58 LLC, will occupy the building, says Clay Culbreth of Cushman & Wakefield | Thalhimer. Industrial Properties Management LLC sold the […]

Dec 11, 2020

Land in Portsmouth sells for $1.05M

A 0.75-acre plot of land sold in Portsmouth for development of a car wash location, Cushman & Wakefield | Thalhimer announced Tuesday. Green Clean Holdings purchased the land located at 5820 High St. from Chesapeake-based Parker Burnell Real Estate Group for $1.05 million. The buyer plans to develop its ninth Hampton Roads Green Clean Auto […]

Adbel Business Village. Photo courtesy Cushman & Wakefield | Thalhimer
Dec 7, 2020

Chesterfield industrial building sells for $2.77M

An industrial building in Chesterfield County sold for $2.77 million, Cushman & Wakefield | Thalhimer announced last week. Located at 8801-8899 Whitepine Road, the 28,600-square-foot Adbel Business Village sits on 4.1 acres. SMW Warehouses LLC purchased the property from Harrison & Hine LLC as an investment.  Constructed in 1998, the building (most recently assessed at […]

Beth Dalton. Photo courtesy Virginia Realtors
Dec 7, 2020

Virginia Realtors installs 2021 president

Virginia Realtors announced last week it has installed Beth Dalton as the association’s 2021 president. Dalton earned her sales license in 2003 and her associate broker’s license in 2010. She has served as Long & Foster’s managing broker for the Tuckahoe and Centerpointe offices in the Richmond area since 2019, and previously held the same […]

Fountain Square building. Photo courtesy Cushman & Wakefield | Thalhimer
Dec 7, 2020

Roanoke medical office building sells for $1.3M

A medical office building in Roanoke sold for $1.3 million, Cushman & Wakefield | Thalhimer announced last week. The 27,363-square-foot, three-story Fountain Square building sold to Fountain Square Partners LLC from Johnson Family Investments Corp. The building is located at 1315 2nd Street SW and was constructed in 1973, according to Roanoke property records. It […]

Art Zachary. Photo courtesy Rose & Womble
Dec 7, 2020

Rose & Womble president/CEO to retire in June 2021

Virginia Beach-based real estate company Rose & Womble Realty Co. announced last week that its president and CEO, Art Zachary, will retire in June 2021. Zachary started with the company in June 1970. It became Rose & Womble in June 1998. He will continue to serve as chairman of the board and work with the […]

GreenCity rendering courtesy Henrico County
Dec 1, 2020

Henrico County announces $2.3B GreenCity arena project

Henrico County officials announced Tuesday plans for a $2.3 billion arena-anchored development, born out of the failed Navy Hill project proposal for downtown Richmond. But with private financing and no projected impact on county taxpayers, the GreenCity development may have a smoother path.  Proposed on the 204-acre former Best Products property owned by the county, […]

Governor's Inn vignette courtesy Cushman & Wakefield | Thalhimer.
Nov 30, 2020

Governor’s Inn in Williamsburg sells for $3.05M

The Governor’s Inn, a former 200-room hotel in Colonial Williamsburg, sold for $3.05 million, Cushman & Wakefield | Thalhimer announced last week. Charlottesville-based real estate investment company Castle Development Partners LLC purchased the property from The Colonial Williamsburg Foundation and plans to raze the property and redevelop it into a 162-unit apartment community. Built in [&h[...]

1017 Wallboard Drive. Photo courtesy Cushman & Wakefield | Thalhimer
Nov 30, 2020

Chesapeake industrial office building sells for $1.95M

An industrial office building in Chesapeake sold for $1.95 million, Cushman & Wakefield | Thalhimer announced last week. Located at 1017 Wallboard Drive, the 19,500-square-foot office building was vacant at the time of the sale. The property was purchased by Wallboard LLC, a drywall company, from Seahawk Properties LLC, which it will use it as […]

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