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Industrial building in Chesterfield County sells for $1.3M
An industrial building in Chesterfield County sold for $1.3 million, Cushman & Wakefield | Thalhimer announced Wednesday. The 20,000-square-foot property sits on 7 acres at 13600 Permilla Springs Drive, which is approximately 1.5 miles from John Tyler Community College. 13600 Permilla Springs LLC purchased the property from 423 Third Street Associates LP for $1.3 million […]
Former Boy Scouts campground in Middlesex County sells for $3.5M
A former Boy Scouts of America campground in Middlesex County has sold for $3.5 million, Glen Allen-based commercial real estate company Commonwealth Commercial Partners LLC announced Wednesday. The 306-acre Bayport Scout Camp located at 623 Bayport Road was sold by Phoenix Property Holdings LLC to MHC RV LLC in a transaction that closed on Oct. […]
Industrial building in Chesterfield County sells for $2.05M
An industrial building in Midlothian (part of Chesterfield County) sold for $2.05 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 12700 Oak Lake Court, the 20,000-square-foot building sits on 1.84 acres. Conn-One LLC purchased the building from SMW Warehouses LLC for storage use. The property was most recently assessed at $1.12 million in […]
Volkswagen Group of America deepens its Fairfax roots
Automobile manufacturing giant Volkswagen Group of America Inc. (a wholly owned subsidiary of Volkswagen AG) announced Tuesday it has chosen to keep its headquarters in Fairfax County — signing a 20-year lease agreement in Reston Town Center. Volkswagen’s North American headquarters has been located in Fairfax County since 2007. It will be the anchor tenant in […]
Virginia Realtors turns 100
This month, Virginia Realtors will be 100 years old, marking its anniversary as a centenarian while the residential real estate market in Virginia continues to climb despite the pandemic. Founded on Oct. 22, 1920, Virginia Realtors has become one of the largest trade associations in the state, representing 35,000 members in the residential and commercial real […]
Falls Church office building sells for $87.5M
An office building in Falls Church sold for $87.5 million, commercial real estate advisory firm Newmark Knight Frank (NKF) announced Tuesday. Located at 3170 and 3180 Fairview Park Drive, the 284,333-square-foot property is 98% leased, with tenants including General Dynamics Information Technology, Capital Caring Health, Sheet Metal Workers’ National Pension Fund and Balfour Beatty. “D[...]
Va. makes $12M extra CARES funding available for rent, mortgage relief
An additional $12 million in federal CARES Act funding will be directed to Virginia’s Rent and Mortgage Relief Program (RMRP) due to high demand for financial assistance with mortgages and rent payments. First launched in June with $50 million in federal CARES Act funding, the program provides financial assistance through a one-time payment with the […]
Hourigan names CFO, general counsel
Richmond-based commercial construction and development firm Hourigan announced Friday it has hired David Ryan as chief financial officer and Kelley Holland as general counsel. Ryan most recently served as vice president for corporate strategy and investor relations at chemical company Albemarle Corp. With nearly 30 years of experience, he has also served in leadership roles […]
Henrico office building sells for $1.1M
A 17,112-square-foot office building in Henrico County sold for $1.1 million, commercial real estate brokerage firm Marcus & Millichap announced last week. Located at 2120 Staples Mill Road, the building was constructed in 1974 and sits on 0.73 acres. The building was vacant at the time of the sale, and the new owners plan on […]
Former Salvation Army thrift store sells for $2.4M in Chesterfield
A 15,600-square-foot commercial building in Midlothian sold for $2.4 million, Glen Allen-based commercial real estate consulting and brokerage firm Taylor Long Properties announced last week. Located at 11000 Midlothian Turnpike in North Chesterfield, 11000 Midlothian Turnpike LLC purchased the building from The Salvation Army. The buyer was in effect East Coast Appliance (a Virginia-based applian[...]
Capital Square hires managing director, institutional fundraising head
Henrico County-based real estate investment company Capital Square announced Monday it has hired Bernard R. “Ben” Vonderhaar as managing director and head of institutional fundraising. Vonderhaar was most recently the managing director of fundraising at BlackGold Capital Management LP and has also served as managing director and head of the endowment and foundation, health care […]
Office building in Henrico County sells for $5.85M
An office building in Henrico County has sold for $5.85 million, Cushman & Wakefield | Thalhimer announced Wednesday. Located at 4461 Cox Rd. in the Innsbrook Corporate Center, the 70,000-square-foot office building was approximately 50% occupied at the time of the sale, with printing software company TriMech as the main tenant, says Evan M. Magrill […]
