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Colonial Heights shopping center sells for $26.25M
Colonial Square, a Publix-anchored shopping center in Colonial Heights, sold for $26.25 million, JLL announced Thursday. Colonial Square Associates – A Berman Kappler Property sold the shopping center to United Hampshire US REIT. The shopping center is 168,326 square feet and is 99% leased. It was constructed in 1967 and underwent renovations in 2017, when […]
1.9M-square-foot industrial park being built in Stafford
The Fairfax-based Peterson Cos. is building a 1.9 million-square-foot development in a 270-acre industrial park in Stafford County, and JLL will oversee the leasing, the companies announced Friday. Northern Virginia Gateway, which is expected to be built out within a year, is on Centreport Parkway, off Interstate 95. “Peterson’s initial foray into the metro D.C. […]
$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.; […]
