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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 […]
Petersburg sues to demolish old Ramada
The city of Petersburg filed a lawsuit Friday against the company owned by developer and former NFL player Chris Harrison, who promised in 2015 to replace the city’s shuttered and dilapidated Ramada Inn with a brand-new hotel, 100 apartment units and retail space. Six years later, redevelopment has not taken place. In Friday’s filing, Petersburg […]
Shamin Hotels purchases Va. Beach Hampton Inn
Chesterfield County-based Shamin Hotels has purchased the 120-room Hampton Inn property on Virginia Beach‘s Oceanfront, Grand Bay Advisors, which represented the seller in the transaction, announced Friday. The sale amount was not disclosed, but the land and building are assessed at $20.6 million, according to city records. Norfolk-based Grand Bay said in a news release […]
Medical office in Chesapeake sells for $3.05M
Battlefield Medical Center in Chesapeake has sold for $3.05 million, Colliers announced Friday. The 12,253-square-foot building at 905 N. Battlefield Blvd. is across the street from Chesapeake Regional Medical Center. Michael D. Sifen Inc., represented by Colliers’ Ricky Anderson and Don Crigger, sold the building to Roil Battlefield Blvd LLC as an investment property.
Dickenson IDA gets $1.1M loan to purchase former mill site
The Dickenson County Industrial Development Authority received a loan of up to $1.175 million from the Virginia Coalfield Economic Development Authority to purchase the former Mountain Forest Products mill site, a 433-acre property in Dickenson and Wise counties, for future economic development. The site, which is adjacent to the IDA’s Red Onion industrial site, also […]
Norfolk industrial building sells for $1.6M
An industrial building that houses Hampton Roads Church’s Norfolk location has been sold to an investor for $1.62 million, Cushman & Wakefield | Thalhimer announced last week. Stenke’s Homebase LLC, represented by Samuel W. Scott of Cushman & Wakefield | Thalhimer, purchased the 13,500-square-foot building at 1132 Pickett Road from Hampton Roads Church, represented by […[...]
Loudoun’s JK Land Holdings purchases 270 acres for data centers
The founder and CEO of Sterling-based JK Moving Services has purchased 270 acres in Loudoun and Prince William counties to be used for data centers that will provide 500 megawatts of IT capacity. Chuck Kuhn, CEO of JK Land Holdings LLC and JK Moving Services, has partnered with Dutch data center developer and operator Yondr […]
Chesapeake industrial/flex buildings sell for $61M
A three-building industrial/flex office complex in Chesapeake has sold for $61 million, Cushman & Wakefield | Thalhimer announced Thursday. Washington, D.C.-based DSC Partners sold the property, which is 100% leased to several tenants, including General Dynamics and Sentara Healthcare, to a New Jersey firm, Heritage Capital Group, which owns Latitudes Apartments in Virginia Beach, among [&hell[...]
Fairfax real estate developer Milt Peterson dies
Real estate developer Milton V. Peterson, founder and chairman of the Fairfax-based Peterson Cos., died early Wednesday at his Fairfax County home at the age of 85. Peterson was known for developing major real estate projects across the Washington, D.C., metro area, including National Harbor in Prince George’s County, Maryland. “Milt would not accept ‘no’ […]
Va. Beach industrial office park sold for $4.1M
Virginia Beach’s First Colonial office park has been sold for $4.14 million, Cushman & Wakefield | Thalhimer announced last week. The adjoining lots at 205-217 First Colonial Road make up 2.99 acres and include a 37,500-square-foot office/warehouse park. CP Roadrunners LLC purchased the property from Virginia-based Nostalgia Partners LLC as an investment. Geoff Poston and […]
