Please ensure Javascript is enabled for purposes of website accessibility

industrial

Jun 20, 2021

Va. Beach industrial property sells for $3M

A 38,600-square-foot industrial building on 4.34 acres in Virginia Beach has been sold for $3,015,000, Cushman & Wakefield | Thalhimer announced last week. The property at 1424 Baker Road was sold by Baker & Associates LLC to B&D Acquisitions as an investment. Geoffrey W. Poston of Cushman & Wakefield | Thalhimer handled negotiations on the […]

May 27, 2021

Chesapeake industrial/flex buildings sell for $61M

A three-building industrial/flex office complex in Chesapeake has sold for $61 million, Cushman & Wakefield | Thalhimer announced Thursday. Washington, D.C.-based DSC Partners sold the property, which is 100% leased to several tenants, including General Dynamics and Sentara Healthcare, to a New Jersey firm, Heritage Capital Group, which owns Latitudes Apartments in Virginia Beach, among [&hell[...]

May 9, 2021

Técnico Corp. buys Newport News building for $3M

An industrial building in Newport News’ Oyster Point Park was sold for $3.125 million, Cushman & Wakefield | Thalhimer announced this week. Técnico Corp. purchased the 53,414-square-foot building on 3.93 acres from Beja LLC and will occupy the property at 806 Bluecrab Road. Clay Culbreth of Thalhimer handled the sale for the purchaser. The building […]

4500 Progress Road in Norfolk has sold for $3.75 million.
Apr 23, 2021

Norfolk industrial building sells for $3.75M

A 66,000-square-foot industrial building in Norfolk has sold for $3.75 million. Virginia Beach-based Club Forrest Acquisitions LLC purchased the building, located at 4500 Progress Road, from Boston-based Wheeler Commercial Properties. The deal closed on April 15. The building is situated on a four-acre parcel and is currently occupied by Superior Distribution, a subsidiary of Texas-based […[...]

Apr 23, 2021

Commercial real estate leasing roundup

Central Virginia – Weyerhaeuser Co. renewed its lease of 72,399 square feet of industrial space at Sarellen Road Warehouse, 4200-4222 Sarellen Road, in Henrico County. Evan Magrill and Scott Douglas of Cushman & Wakefield | Thalhimer handled lease negotiations on behalf of the landlord. – Belvac Production Machinery Inc. leased 40,000 square feet of industrial […]

Northlake II will include approximately 655,000 square feet of Class A industrial space.
Apr 16, 2021

$60M Hanover industrial development to begin construction in May

A $60 million, five-building industrial development is set to begin construction next month in Hanover County. Northlake II will include approximately 655,000 square feet of Class A industrial space. Construction on the first three buildings will commence in May, with an anticipated completion of spring 2022. The project is being developed by Maryland-based Matan Cos.; […]

Lingerfelt CommonWealth has announced that a multimillion-dollar renovation and reposition of the property will take place.
Apr 10, 2021

Henrico industrial facility purchased for $7.8M

On April 7, Richmond-based commercial real estate investment firm Lingerfelt CommonWealth Partners LLC announced it had acquired an industrial facility in Henrico County for $7.8 million. Located at 4300 Carolina Ave., the 223,479-square-foot industrial facility is located in the Richmond Distribution Center complex near Richmond International Raceway. Lingerfelt CommonWealth announced that the pr[...]

A 353,044-square-foot industrial facility is in the works at Meadowville Technology Park in Chesterfield County.
Mar 15, 2021

Manufacturing/logistics building coming to Meadowville Technology Park

A newly announced 353,044-square-foot manufacturing and industrial facility will be the first spec building constructed at Meadowville Technology Park, which is owned by the Chesterfield County Economic Development Authority. The project is being developed by Columbia, South Carolina-based Red Rock Developments and Stamford, Connecticut-based Westport Capital Partners LLC. It is Red Rock’s f[...]

Mar 12, 2021

Hampton industrial property sells for $1.7M

G & V LLC has purchased a 44,76-square-foot industrial building situated on 3.71 acres in Hampton for $1.74 million to open a manufacturing operation. The property is located at 315 E. Street. Clay Culbreth of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser; Robert L. Phillips, Jr., also with […]

Mike Davidson was appointed as interim executive director for the Halifax County Industrial Development Authority.
Dec 29, 2020

Amid leadership shuffle, Halifax sees silver lining

The Halifax County Industrial Development Authority has seen some upheaval recently, but officials say there are several projects in the pipeline as well as a new shell building ready to be occupied. In October 2020, IDA executive director Brian Brown was fired after being hired a little more than a year ago, a move that […]

Adbel Business Village. Photo courtesy Cushman & Wakefield | Thalhimer
Dec 7, 2020

Chesterfield industrial building sells for $2.77M

An industrial building in Chesterfield County sold for $2.77 million, Cushman & Wakefield | Thalhimer announced last week. Located at 8801-8899 Whitepine Road, the 28,600-square-foot Adbel Business Village sits on 4.1 acres. SMW Warehouses LLC purchased the property from Harrison & Hine LLC as an investment.  Constructed in 1998, the building (most recently assessed at […]

1017 Wallboard Drive. Photo courtesy Cushman & Wakefield | Thalhimer
Nov 30, 2020

Chesapeake industrial office building sells for $1.95M

An industrial office building in Chesapeake sold for $1.95 million, Cushman & Wakefield | Thalhimer announced last week. Located at 1017 Wallboard Drive, the 19,500-square-foot office building was vacant at the time of the sale. The property was purchased by Wallboard LLC, a drywall company, from Seahawk Properties LLC, which it will use it as […]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.