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Charlottesville-area apartment complex sells for $57M
A 324-unit apartment complex just outside Charlottesville has sold for $56.75 million. Tysons-based Willow Creek Partners sold the property, Barracks West Townhomes & Apartments, to West End Capital Group, according to a Feb. 14 news release from commercial real estate brokerage KLNB, which arranged the sale. Willow Creek Partners acquired the apartment complex at 255 […]
Herndon office building portfolio sells for $51M
A portfolio of four office buildings in Herndon sold for $51 million, Finmarc Management announced Thursday. Dubbed Dulles Corner, the four buildings comprise nearly 620,000 square feet of Class A office space. Located at the intersection of Dulles Toll Road and Virginia Route 28, the properties are: 2411 Dulles Corner Park, an eight-story, nearly 180,000-square-foot […]
Topsoe buys land for $400M plant in Chesterfield County
Topsoe, a Danish electrolyzer manufacturer, paid $4.95 million for about 57 acres in Meadowville Technology Park in Chesterfield County this summer, where the company plans to build a $400 million manufacturing plant. In April, Topsoe announced the investment, which is expected to create 150 jobs. The company will manufacture Solid Oxide Electrolyzer Cell stacks, which […]
ACI doubles its Chesterfield HQ
Commercial and industrial contractor Atlantic Constructors Inc. (ACI) is doubling its headquarters in Chesterfield County, a roughly $25 million project. The contractor, which provides mechanical, electrical, plumbing and fire protection products and services, plans to open a second 170,000-square-foot building on 18 acres beside its existing building, which sits on 25 acres, in early November. [&[...]
Four office buildings in Centreville sell for $39M
A portfolio composed of four office buildings in Centreville sold for $39.36 million, the buyer announced Monday. Located at 5860, 5870, 5875 and 5885 Trinity Parkway, the four buildings have almost 500,000 square feet of Class A commercial office space. Two six-story buildings, 5860 and 5870 Trinity Parkway, have nearly 152,000 square feet each. The […]
DataBank to add leased data center to Ashburn campus
DataBank, a Texas provider of data center, cloud, and interconnection services, has signed a lease on a data center currently under construction on Red Rum Drive in Ashburn by GI Partners, the California investment firm announced Thursday. Two other data center buildings are already located on Red Rum Drive. One is owned by DataBank and […]
Breeden promotes multifamily Richmond region director
The Breeden Co. has promoted Lindsay McMurrough to multifamily regional director of the Richmond market within the Virginia Beach-based real estate company’s residential property management division. McMurrough was previously a community manager. In her new role, she will oversee strategic direction of Breeden’s multifamily assets in the Richmond market. “Lindsay’s promotion is a testament[...]
Chesapeake shopping center sells for $20.05M
A community shopping center in Chesapeake sold for $20.05 million in early June, property records show. Located at 4300 Portsmouth Blvd., adjacent to the Chesapeake Square mall, the roughly 180,000-square-foot shopping center sold for $18.847 million, and an associated 1.32-acre outparcel sold for $1.203 million. The shopping center is 90% leased. Its tenants include Value […]
Wawa parcel in Newport News bought for $4.5M
A property leased to a Wawa in Newport News sold for $4.5 million, Cushman & Wakefield | Thalhimer announced Monday. OMILOS LLC — registered to an Arlington County address — bought the 1.95-acre parcel located at 11124 Jefferson Ave. Property records show that Athanasios K. Polyzos previously owned the property, beginning Nov. 16, 2022. Clark […]
Top Five July 2024
1 | 39 Virginia companies make the 2024 Fortune 1000 Thirty-nine companies headquartered in Virginia are on Fortune magazine’s 70th annual Fortune 1000 list, with 24 Virginia companies again making the elite Fortune 500. (June 4) 2 | VDOT buys Owens & Minor’s Hanover headquarters for $33.5 million The Virginia Department of […]
Chesterfield County industrial properties sell for $9.85M
An industrial warehouse and about 11.6 adjoining acres in Chesterfield County were sold for $9.85 million, Cushman & Wakefield | Thalhimer announced earlier in June. According to county property records, 2001 Bellwood Road LLC purchased an 85,549-square-foot warehouse at 2001 and 1911 Bellwood Road and an additional 11.6 acres at 8331 and 8411 Fort Darling […]
400-unit apartment complex sells for $84M in Norfolk
A 400-unit apartment community in Norfolk sold for $84 million, according to a late May news release from Croatan Investments. Originally built in 1991, the garden-style apartment community, Park Crescent, had 454,735 rentable square feet at the time of sale, according to Croatan. FPA Multifamily purchased the property from a joint venture of Croatan and […]
