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Commercial real estate lease roundup
Northern Virginia Foundation Building Materials LLC leased 25,259 square feet of industrial space at 14920-14970 Farm Creek Drive in Woodbridge. Virgil G. Nelson of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the tenant. Johnson Roofing Systems Inc. expanded and renewed its lease of 6,000 square feet of industrial space at […]
Alexandria office building sells for $13.12M; to be converted to condos
An office building in Alexandria that sold for $13.12 million will be converted to condominiums, according to an announcement from Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc. Located at 801 N. Fairfax Street, the vacant four-story, 65,971-square-foot building will be converted to a 54-unit complex. Construction is expected to begin this year, but […]
Colliers International Virginia names new partner
Colliers International announced Tuesday that Jessica Butterworth has been appointed as a partner at Colliers International Virginia. Since 2018 Butterworth has served as the director of engineering services, a role in which she oversees building engineering services for the Colliers offices in Richmond, Charlottesville, Norfolk, Fredericksburg, as well as Greensboro and Raleigh, North Carolina. A[...]
Three Henrico County office buildings sell for $19.2M total
Three office buildings in Henrico County collectively sold for $19.2 million, Colliers International announced Tuesday. The office buildings, known as the Midtown Office Portfolio, total 155,368 square feet. The buildings include One Holland Place (at 2235 Staples Mill Road) and Vistas I & II (at 5540 and 5516 Falmouth Street). The portfolio was 92% leased […]
350-unit apartment complex coming to Richmond’s Scott’s Addition
A 350-unit mixed-use apartment building is coming to Richmond’s Scott’s Addition neighborhood by late 2022 or early 2023, Glen Allen-based real estate investment company Capital Square and Charleston, South Carolina-based real estate developer Greystar announced Thursday. Capital Square and Greystar purchased 2.28 acres of land in Scott’s Addition for $8.6 million that will be us[...]
Industrial building in Norfolk sells for $5M
An industrial building in Norfolk sold for $5 million, Cushman & Wakefield | Thalhimer announced Thursday. The 86,732-square-foot building located at 3501 E. Princess Anne Road sits on 2.8 acres in Norfolk Industrial Park. The building is 33% leased to organic spices, herbs and botanicals manufacturer American Botanicals. CPORF LLC purchased the building from Norfolk […]
Fredericksburg medical office building sells for $2.6M
A medical office building in Fredericksburg sold for $2.6 million, Cushman & Wakefield | Thalhimer announced Wednesday. Nashville-based real estate private equity firm Excelsior Capital Group LLC purchased the 13,786-square-foot property from DJK Properties as an investment. Located at 1011 Care Way, the building sits on the Mary Washington Hospital Campus. Two Mary Washington Hospital [&hel[...]
Dental office building in Suffolk sells for nearly $2.43M
A dental office building in Suffolk sold for nearly $2.43 million, Cushman & Wakefield | Thalhimer Capital Markets Group announced Wednesday. California-based investor Aspen Suffolk LLC purchased the 3,500-square-foot Aspen Dental property located at 1930 North Main Street from LWS Suffolk Station LLC, an affiliate of Atlanta-based Salomon Real Estate Group, as an investment. The […]
Colliers International Virginia names senior VP, asst. VP of capital markets team
Colliers International Virginia announced Thursday it has hired Prashant Merchant as senior vice president of the company’s capital markets team and Nic Wade as assistant vice president. Merchant and Wade most recently led the hospitality division for California-based real estate brokerage Marcus and Millichap Inc. In their new role, they will focus on hotel and […]
Microsoft leases space in Arlington’s Commonwealth Tower
Microsoft Corp. will open a sales headquarters in Arlington, expanding its presence in Northern Virginia, the tech giant’s president of U.S. regulated industries, Toni Townes-Whitley, announced Tuesday. Microsoft — which announced in May 2020 that it would invest $64 million to expand in Reston Town Center in western Fairfax County, creating 1,500 jobs — will […]
$1B Inova medical campus to anchor redevelopment of Alexandria’s Landmark Mall
The city of Alexandria announced Tuesday that Inova Health System will build a $1 billion medical campus at the 51-acre site of the former Landmark Mall — anchoring a new 4 million-square-foot mixed-use development in the city’s West End that will also include residential, commercial, retail and entertainment. The medical campus, which will employ more […]
Boy Scouts’ Heart of Va. Council purchases $2.8M Henrico HQ
The Boy Scouts of America’s Heart of Virginia Council has purchased a $2.875 million office building in Henrico County as its new Richmond-area headquarters, Colliers International Virginia LLC announced Tuesday. The 26,290-square-foot office building at 8090 Villa Park Drive near the intersection of East Parham and Brook roads will be renovated beginning in January. Nearly […]
