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Branch Civil appoints new executive VP
Brian J. Quinlan has been appointed to serves as executive vice president of Roanoke-based Branch Civil Inc., a wholly owned subsidiary of the Branch Group specializing in site development, civil construction and heavy highway infrastructure projects. In his new role, Quinlan will be responsible for Branch Civil’s overall financial and operational leadership, as well as […]
Virginia Beach office property sells for $1M
CR Assets LLC has purchased a 5,040-square-foot office building in Virginia Beach for $1 million, Cushman & Wakefield | Thalhimer announced on Monday. Located at 4598 Broad St., the building will serve as the future corporate headquarters of Canzell Realty. It was sold by Broad Street Associates. The sale closed on April 8. Rob Wright […]
Former Roanoke Boy Scouts building sells for $1.2M
The former Boy Scouts of America building in Roanoke has sold for $1.2 million. Located at 2131 Valley View Boulevard, the 11,185-square-foot building was purchased by 1501 WW LLC from Blue Ridge Mountains Council Inc. The sale closed on March 3. Matt Huff and Zack May of Poe & Cronk facilitated the sale on behalf […]
Former Roanoke Johnson & Johnson property sells for $6.26M
The former Johnson & Johnson Spectacle Lens Group development on more than 30 acres in Roanoke has sold for $6.26 million. Located at 2797 Frontage Road, the property was purchased by Briar Oaks Investments VII LLC from Delta Dental of Virginia. The sale, which included a 146,852-square-foot medical grade manufacturing, office and warehouse facility that’s […]
$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.; […]
NoVa housing market remains hot
Northern Virginia is continuing to see high levels of housing activity, a trend also taking place around the state and around the country. In an April 13 news release, the Northern Virginia Association of Realtors (NVAR) states that March saw a 54% month-over-month increase in new contract activity in the region, with 2,781 new pending […]
Winchester apartments sell for $4.5M
WinLee Apartments, a 41-unit multifamily property in Winchester, has been purchased as an investment by Fairmont Holdings LLC for $4.5 million. Located at 320-350 Fairmont Ave. and 131-165 Peyton St., the six-building complex was sold by WinLee Apartments LTD. The sale closed on April 12. Jamie A. Scully of Cushman & Wakefield | Thalhimer handled […]
Roanoke industrial property sells for $2M
A 65,825-square-foot industrial property in Roanoke has been purchased for $2.02 million. Located at 1764 Granby St. NE, the property was purchased from Vista Properties by H&M Commercial Properties. The property had one tenant occupying about half the space; the other half of the property will be immediately available for lease. The sale closed on […]
CoStar to purchase Norfolk-based Homes.com for $156M
CoStar Group Inc. announced Wednesday it has reached an agreement to purchase Homes.com, a division of Norfolk-based Dominion Enterprises, for $156 million in cash. Homes.com is a residential property listing and marketing portal that brings nearly 1.8 million residential property listings each month to its membership base of more than 500,000 residential real estate agents […]
VCU Health distribution facility sells for $8M
A Henrico County property fully leased by VCU Health was purchased by an undisclosed investment group for $8.075 million on April 7. Located at 3008 Mechanicsville Turnpike, the 89,931-square-foot property houses nonpharmaceutical medical supplies and equipment for VCU Health. Since mid-February, the property, a former Pepsi distribution facility, has served as Virginia Commonwealth University Hea[...]
Falls Church retail center to be renovated, rebranded
Falls Plaza, a 10-acre retail center in Falls Church, will begin construction on a renovation mid-April, and will be renamed and rebranded as Birch & Broad. Located at 1200 W. Broad St., the 144,000-square-foot community shopping center will see a façade renovation, new signage, enhanced landscaping, decorative lighting and multiple outdoor amenity areas. The renovation […]
Richmond office tower sells for $77M
Richmond’s 15-story Riverside on the James office tower has sold for $77 million, McLean-based American Real Estate Partners LLC (AREP) announced on April 6. Located at 1001 Haxall Point, the 263,752-square-foot building was acquired from AREP by New York-based Opal Holdings and is 95.3% leased. The building’s main tenant is the Richmond office of Atlanta-based […]
