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Henrico shopping center sells for $10.1M
A neighborhood retail center in Henrico County sold for $10.1 million on Aug. 17. Named The Shops at Wellesley, the 42,318-square-foot shopping center is located at 3416-3470 Lauderdale Drive. The center was built in 1992 and occupies a 6.99-acre lot, according to county property records. It was 94% leased at the time of sale with […]
Henrico strip mall, industrial buildings sell for $7.25M
Fernau LeBlanc Investment Partners has sold Wistar Center, a three-building flex industrial and retail portfolio, in Henrico County, to Prudent Growth Partners LLC for $7.25 million, Cushman & Wakefield | Thalhimer‘s Capital Markets Group announced. The portfolio, at 8101-8157 Staples Mill Road, consists of approximately 49,092 total square feet, including a 20,436-square-foot Class A [...]
Four Richmond-area distribution centers sell for $105.6M
A joint venture between Glen Allen-based Lingerfelt and Swiss private investment firm Partners Group bought three Chesterfield County distribution centers and one Hanover County facility for $105.6 million, Lingerfelt announced Friday. The four multi-tenant facilities are 100% leased to 18 tenants and total 1.16 million square feet. The properties were developed between 2000 and 2003. […]
Exclusive: Capital Square adds co-CEO
Glen Allen-based real estate company Capital Square has promoted Whitson Huffman to co-CEO, the developer and sponsor of tax-advantaged real estate investments announced Monday. Huffman, 33, will co-lead the company with his father-in-law, Louis Rogers, founder and CEO of Capital Square, a fast-growing real estate investment fund sponsor and commercial real estate development company established [[...]
Ex-Roanoke Times press building to become apartments
Another former newspaper building will be turned into apartments. The former Roanoke Times press building, located at 120 Salem Ave. in Roanoke, sold for $2.2 million. BH Media Group Inc. sold the 51,087-square-foot former press production facility to Belleview Investments LLC as a redevelopment property. A restauranteur shared his plans with The Roanoke Times last […]
Va. Beach flex buildings sell for $7.3M
Two multitenant flex buildings in Virginia Beach sold for $7.3 million, Colliers announced Friday. Parkway 3 and 4, at 2679 International Parkway in Lynnhaven, were built in 1984 on a 4.39-acre site and have a total of 64,109 square feet of space. Pat Mugler, Ricky Anderson and Michael Ettel with Colliers Virginia represented the seller […]
Breeden Construction to build $38.9M apartment complex additions
Virginia Beach-based real estate development firm The Breeden Co.’s general contracting company announced Thursday that it has been contracted to develop the $38.9 million second phase of Center West Apartments in Midlothian, not far from the Westfield Commons Shopping Center. Charlottesville-based Castle Development Partners owns the multifamily project, which was referred to as Watkins Cen[...]
Fed says Fifth District economy sees moderate growth
The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) saw modest growth in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. The Beige Book is published eight times per year and is based on anecdotal information gathered from the 12 Federal Reserve […]
Roanoke accounting firm sells building for $2.27M
Roanoke accounting firm Brown Edwards has sold its building for $2.275 million, according to a news release. Brown Edwards, which is expanding into a larger space at a local office park, sold the building at 319 McClanahan Ave. to ETS Recruit, which places medical professionals in practices across the country. The accounting firm is one […]
