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Vanguard Landing apartments under construction in Va. Beach
Vanguard Landing, an “intentional community” specifically designed for people with intellectual and developmental disabilities, is under construction in Virginia Beach. Developers broke ground on the first phase in April and started construction in earnest in May. The mixed-use community, which claims to be the first of its kind in Virginia, will eventually have housing for […]
Arlington apartment tower sells for $48.5M
A 162-unit high-rise apartment property in Arlington County has changed hands. Fortis Cos., a Washington, D.C.-based real estate development and investment company, acquired Marlowe Apartments from Equity Residential for $48.5 million, according to Berkadia, a commercial real estate services and mortgage firm, and Arlington County property records. The 162-unit property located at 400 15th St. [&h[...]
VDOT buys Owens & Minor’s Hanover HQ for $33.5M
The Virginia Department of Transportation has purchased the Mechanicsville headquarters of Owens & Minor for $33.5 million, with plans to move the state agency’s central office there in summer 2025. Much of VDOT’s staff will move from the Annex building at 1401 E. Broad St. into the new building at 9120 Lockwood Blvd. in Hanover […]
This iconic, round office building in Richmond’s Museum District sold for $1.2M
One of Richmond‘s most Instagram-worthy buildings has sold for $1.2 million. Located on the corner of Thompson Street and Floyd Avenue in the Museum District, the 1950s-era, circular building previously served as headquarters for Ellwood Thompson’s Local Market, a local organic grocer. The building sold on April 23 but Cushman & Wakefield | Thalhimer announced […]
The Lake takes shape in Chesterfield
The first wave of commercial tenants is coming to The Lake, a long-planned, 105-acre mixed-use development that’s slated to bring a surf park to western Chesterfield County. The Lake’s centerpiece will be a 13-acre artificial lake with a tow cable. It’s expected to be ready by summer 2025 for wakeboarding, kayaking, standup paddle boarding and […]
Fredericksburg warehouse leased by food bank sells for $2.9M
A warehouse leased by the Fredericksburg Regional Food Bank has sold for nearly $3 million. Nellis, a Maryland-based private investment company, purchased the 24,000-square-foot industrial warehouse on 2.89 acres from Fredericksburg-based entity MDC 480 Central for $2.925 million, according to an April 25 news release from Cushman & Wakefield | Thalhimer. The Fredericksburg Regional Food [&hel[...]
Norfolk mayor says apartments, hotel could replace MacArthur Center
MacArthur Center mall in downtown Norfolk is expected to be replaced by a major mixed-use development, which could be called “The Anchorage,” featuring a 400-room, military-themed hotel and 518,000 square feet of high-rise residential space, Norfolk Mayor Kenny Alexander announced April 12 during his State of the City speech. “MacArthur Mall demands a bold vision […]
Norfolk strip mall near NSU sells for $2M
University Shoppes, an 8,800-square-foot retail strip center in Norfolk, sold for $2 million, according to a news release from S.L. Nusbaum Realty. An entity registered as University Shoppes LLC sold 1500 E. Brambleton Shoppes, which is located near Norfolk State University, to an entity registered as 1500 East Brambleton Shoppes LLC. The shopping center has […]
Henrico trade school building sells for $1.27M
Ashland-based HSH Investments has purchased a building in Henrico County leased by long-term tenant Lotus Professional College from Ritesan Co. Inc. for $1.27 million. SLN Capital Markets, a division of S.L. Nusbaum Realty, announced the sale of 8935 Patterson Ave. on April 2. Henrico County recorded the sale March 27. The 10,150-square-foot building sits on […]
Sheetz starts construction on $2.4M Chesterfield property
Sheetz is building a store on 2.66 acres in Chesterfield County that it purchased for $2.45 million. The Altoona, Pennsylvania-based convenience store chain bought the property at 9420 Midlothian Turnpike from Gouldin Properties on March 18, according to county property records. Sheetz has started construction of a store at the site, according to a Tuesday […]
Chesapeake strip mall goes for $3.15M
A 7,800-square-foot retail strip center in Chesapeake sold for $3.15 million, according to a March news release from S.L. Nusbaum Realty. Located at 1508 Sam’s Circle, Battlefield Shops has five tenants. It is shadow anchored by Walmart, Sam’s Club, At Home and Dollar Tree stores. Battlefield Freedom Wash sold the property to Grit Andrew LLC. […]
Norfolk apartments are sold for $3.1M
A 20-unit apartment property in Norfolk sold for $3.1 million on March 20. Located at 1314 and 1318 Little Bay Ave., the property has 20 one-bedroom units that are each 600 square feet. The units were built in 1970. Tidewater View sold the property to Nouveaux Little Bay. Justin Ferguson, Altay Uzun, Theo Jolley and […]
