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Shuttered Alexandria power plant making way for mixed-use development
A former coal-fired power plant in Alexandria will become home to a mixed-use development along the Potomac River. Chicago-based Hilco Redevelopment Partners (HRP), a Hilco Global business unit, announced Monday it purchased the 71-year-old Potomac River Generating Station site, which encompasses approximately 20 acres. HRP acquired the property through an agreement negotiated with Potomac Elect[...]
Chesapeake Family Dollar property sells for $1.78M
A Family Dollar store property in Chesapeake sold for $1.78 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 3736 Ahoy Drive, the 8,320-square-foot retail property was net leased to Family Dollar. TRC Chesapeake sold the property, which it bought in July 2019, according to Chesapeake property records. SMI Investment II […]
S.L. Nusbaum exec named president of SIOR Va. Chapter
Norfolk-based S.L. Nusbaum Realty Co. announced Wednesday that Austin Newman, vice president and director of office brokerage, has been named president of the Virginia chapter of the Society of Industrial and Office Realtors (SIOR). With more than 3,400 members in 686 cities and 38 countries, SIOR is a global professional office and industrial real estate […]
Manchester apartment complex sells for $11.4M
An apartment complex in Richmond’s Manchester neighborhood sold for $11.4 million, CBRE announced Tuesday. The 70-unit, 61,614-square-foot apartment complex is located at 815 Perry St. Glen Allen-based real estate investment group Capital Square 1031, which originally purchased the property in 2015, sold it to Washington, D.C.-based Fulton Street Partners LLC. The property was 96% occupied[...]
Chesterfield County industrial building sells for $1.144M
An industrial building in Chesterfield County’s Midlothian area sold for $1.144 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 12724 Oak Lake Court, the 13,000-square-foot building sits on 1 acre. GMWTG Chesterfield LLC purchased the building from JBW Warehouses LLC for storage use. The property was most recently assessed at $802,300 in January, […]
Commercial building in Fairfax sells for $1.8M
A three-story mixed-use commercial building in Fairfax sold for $1.8 million, Norfolk-based S.L. Nusbaum Realty Co. announced this week. Located at 3950 Chain Bridge Road, The Moore-McCandlish House is a 6,550-square-foot historical building constructed in 1840. The property, which sits on 0.48 acres, was 96% leased at the time of the sale, according to S.L. […]
W.M. Jordan exec joins National Academy of Construction
The Austin, Texas-based National Academy of Construction (NAC) on Thursday elected John R. Lawson II, executive chairman of Newport News-based W.M. Jordan Co., as a member of its 2020 class. Lawson in 2018 stepped down as president and CEO after 32 years leading W.M. Jordan, which his father founded in 1958. During his tenure, the […]
Construction industry recovered 84K jobs in October
While the pandemic surges on, the construction industry added 84,000 net new jobs in October, the Associated Builders and Contractors (ABC) announced Friday. During the past six months, the industry has added 789,000 jobs, recovering 73% of jobs lost during the pandemic. “It’s hard not to stand up and applaud the U.S. economy’s ability to […]
Short Pump retail center sells for $10.8M
A strip shopping center next to Short Pump Town Center in Henrico County sold for $10.8 million, Richmond-based Motleys Asset Disposition Group announced last Wednesday. The 82,000-square-foot shopping center is located at 11736 W. Broad St. and is known as Parc Place at Short Pump. Its anchor tenant is PetSmart and other occupants include Tropical […]
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 […]
