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Richmond office building sells for $4.9M
A 13,288-square-foot office building in Richmond sold for $4.9 million, One South Commercial announced Thursday. Located at 4015 Fitzhugh Ave., the two-story building was built in 1954. The architecture firm 3North leases the building, which used to serve as the Boy Scouts of America headquarters. VA Wood Properties LLC bought the property from 1501WW LLC. […]
Wise County IDA buys vacant office building for $1.2M
The Wise County Industrial Development Authority purchased a vacant office building in the Lonesome Pine Regional Business and Technology Park with a $1.2 million loan from the Virginia Coalfield Economic Development Authority, officials announced Wednesday. The 10,000-square-foot building sits on approximately 4.63 acres at 5957 Windswept Blvd. and came furnished. The building is adjacent to [&he[...]
CoStar Group buys former SunTrust building in Richmond
CoStar Group Inc. has expanded its Richmond footprint with the $20 million purchase of the former SunTrust office building on the James River. The five-story, 117,448-square-foot building at 901 Semmes Ave. will be occupied by at least 400 employees, however the company has not determined which teams will occupy the space yet, a CoStar Group […]
Va. construction contractor upsizes Roanoke office
Chesterfield County-based commercial and industrial contractor Atlantic Constructors Inc.’s Roanoke team moved this month into a renovated building double the size of its previous office and shop/warehouse space. The building at 1302 Rockland Ave. NW is 32,000 square feet. Property records show that ACI Suffolk LLC purchased the building for $1.95 million on Sept. 14, […]
JLL announces NoVa office move
JLL is moving its Northern Virginia office from Vienna to 1800 Tysons Blvd. in McLean, the commercial real estate company announced Monday. JLL will occupy nearly 24,000 square feet of the building, owned by Lerner Enterprises, with the move set during the first quarter of the year. Form Architects designed the office, which meets LEED […]
Innsbrook office buildings sold for $20.8M
Virginia Beach-based The Runnymede Corp. has purchased the Waterfront Plaza office portfolio at Innsbrook Corporate Park in Henrico County for $20.8 million from Raleigh, North Carolina-based Highwoods Properties, Cushman & Wakefield | Thalhimer announced Wednesday. The portfolio consists of two buildings: the 58,366-square-foot Hamilton Beach building, fully leased to Hamilton Beach Brands I[...]
Va. Beach office building sells for $4.25M
A Virginia Beach office building has sold for $4.25 million to Sharanya Ventures LLC, Cushman & Wakefield | Thalhimer announced Monday. Located at 3704 Pacific Ave., at the Oceanfront, the 11,967-square-foot building, which is 100% leased, was sold by York Street Suites Inc. The three-story building was built in 2003 and sits on about half […]
47 mixed-use parcels in Richmond sell for almost $22M
Seven bundles of properties totaling 47 parcels in Richmond sold for almost $22 million, Commonwealth Commercial Partners LLP announced last week. The mixed-use properties are located in Richmond’s Fan District and consist of retail, office and restaurant space, as well as about 24 apartments and 267 parking spaces. Richmond-based Eck Enterprises LLC sold the properties […]
11-building office portfolio in Henrico sells for $87M
An 11-building office portfolio in Henrico County sold for $87 million, according to Henrico County property records. A partnership between New York-based Jack Sitt Real Estate LLC and Dubai, United Arab Emirates-based Gulf Islamic Investments LLC bought the portfolio on Dec. 1. Thalhimer did not disclose the seller. The properties are owned by various limited […]
Springfield office building sells for $29.3M
The Springfield Corporate Center office building sold for $29.3 million, New York-based real estate company Newmark Group Inc. announced Wednesday. Located at 6225 Brandon Ave., the five-story building is 138,830 square feet. The building was constructed in 1988 and renovated in 2014 and 2015 in a $2.7 million program. The property is 84% leased, primarily […]
Divaris to be Norfolk’s World Trade Center leasing agent
The new ownership of the World Trade Center in Norfolk selected Divaris Real Estate Inc. (DRE) as its management and leasing agent, the brokerage firm announced Tuesday. “We are both delighted and honored to have been appointed to handle the management and leasing of the World Trade Center building on behalf of the new ownership, […]
Norfolk’s World Trade Center trades hands
The World Trade Center in Norfolk has sold for an undisclosed sum, Colliers announced Monday. On July 1, the property’s assessed value was nearly $51.27 million. Norfolk-based real estate investment and management firm Harbor Group International LLC, which acquired the property in 2008 for $54 million, has sold it to a private investor that Colliers […]
