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Reston software company selects chief revenue officer
Reston-based lease management software company LeaseAccelerator Inc. announced Tuesday it has named David Mitchell as its chief revenue officer. Mitchell was most recently senior vice president of worldwide sales at McLean-based cloud computing company Appian Corp. In his new role, he will focus on sales execution in North America, Asia-Pacific and Europe, the Middle East […]
Two retail spaces in Harrisonburg sell for $5.25M
Two retail spaces in a Harrisonburg shopping center have sold for a total of $5.25 million, Harrisonburg-based commercial real estate brokerage Cottonwood Commercial announced Monday. The 2,500-square-foot Starbucks unit and a 5,000-square foot unit occupied by Potbelly Sandwich Shop and Sleep Number, a bedding store, were purchased by Zag Properties Inc. from 1756 EM LLC. […]
Norfolk apartment complex sells for $17M
The Brittany Place apartment complex in Norfolk has sold for $17 million, New York City-based commercial real estate company Berkadia Commercial Mortgage LLC announced late last week. Located at 6143 Edward Street, the complex includes 148 two-bedroom units. The Affordable Housing Corp. sold the property to 6143 Edward Street LLC in a transaction that closed […]
CBRE names mid-Atlantic retail lead
Commercial real estate services and investment firm CBRE has named Katie Mahon as its senior managing director and retail lead for its mid-Atlantic division, which includes markets in Virginia, Washington, D.C., and Maryland, the company announced late last week. In her newly-created role, she will oversee CBRE’s retail operations and growth strategy. Mahon assumed her […]
City of Alexandria signs lease in Mark Center
The Institute for Defense Analyses (IDA) signed a lease with the city of Alexandria, which will move the city Department of Community and Human Services and the Alexandria Health Department into the current IDA headquarters building in the Mark Center development in 2023, following renovations. Depending on leasehold improvements, the transaction price will fall between […]
Divaris hires principal for Richmond office
Virginia Beach-based real estate company Divaris Real Estate Inc. announced Tuesday it has named Loretta L. Cataldi as principal and managing broker. In her new role, she will work in Divaris’ Richmond office leading office operations, leasing activities, recruiting, mentoring and company growth. Cataldi was most recently partner at The Shopping Center Group, and has […]
GMU selects three finalists for $250M Institute for Digital InnovAtion
George Mason University on Monday announced three development and property management firms as finalists to build and operate its proposed $250 million Institute for Digital InnovAtion (IDIA), set to open in September 2025 on its Arlington campus. The university released a request for proposals in February, to which 105 developers responded. The finalists are Columbia, […]
Generator Supercenter signs lease in Ashburn, its first Va. location
Houston-based national generator franchise Generator Supercenter announced Friday it has signed the lease for a 6,000-square-foot space at the Ashburn Crossing business park in Loudoun County, its first location in Virginia. The company plans to eventually have six locations in the commonwealth. The lease amount has not been disclosed. Generator Supercenter provides emergency generators for [&hell[...]
Virginia places 20-day moratorium on evictions
With almost 400,000 Virginians still unemployed due to the COVID-19 pandemic’s economic fallout, Gov. Ralph Northam has announced a temporary statewide moratorium on eviction proceedings in the commonwealth, to remain in effect through June 28. Granted by an order from Virginia Supreme Court Chief Justice Donald Lemons, the moratorium will pause evictions will the Northam […]
Chesapeake shopping center sells for $13.6M
The Gainsborough Square shopping center in Chesapeake sold on June 2 for $13.6 million, according to city property records. Virginia Beach-based Armada Hoffler Properties Inc. (which declined to state the sales price) sold the 88,862-square-foot property to Slate Asset Management, according to a June 3 announcement from Colliers International. The property last changed hands in […]
Henrico real estate firm names chief strategy, investment officer
Glen Allen-based real estate investment company Capital Square announced Thursday it has promoted Whitson Huffman as its chief strategy and investment officer. He was previously the company’s senior vice president and head of acquisitions. In his new role, Huffman will oversee investments including 1031 exchanges, opportunity zone funds and private placement offerings. Before his time [&he[...]
Fairfax medical office building sells for $4.6M
A medical office building in Fairfax County’s Merrifield area has sold for $4.6 million, Toronto, Canada-based commercial real estate company Avison Young Inc. announced Monday. The five-story, 53,430-square-foot building is 37% leased to several medical practices, says Avison Young Principal Jim Kornick, who led the sale on behalf of the seller, Harrison Street Real Estate. […]
