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Three-building office portfolio in Chesapeake sells for $8.4M
Three office buildings in Chesapeake have sold for $8.4 million, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International. The three-building portfolio in the Greenbrier submarket was sold by Virginia Beach-based Davenport Group Real Estate Inc./Lefcoe Development Co. The property at Volvo Parkway was 95% occupied at the time [[...]
Va. Beach’s Croatan Investments adds principal to leadership team
Virginia Beach-based real estate investment company Croatan Investments LLC added Mike Marshall as a principal on its leadership team, the company announced Monday. Marshall was most recently executive managing director for New York City-based real estate company Newmark Knight Frank Inc. (NFK) and has more than 30 years of experience in commercial and multifamily real […]
Former church building in Chesapeake sells for $5.75M
Chesapeake-based 601 Volvo LLC purchased the former Parkway Christian Center Inc. building in Chesapeake for $5.75 million, Toronto, Ontario, Canada-based commercial real estate company Colliers International announced Monday. The 36,185-square-foot building at 601 Volvo Pkwy. in Chesapeake sits on more than five acres of land. The building is less than a mile from Dollar Tree’s […]
Fredericksburg industrial buildings sell for $4.14M
Manassas Park-based Juliad Holdings LLC purchased two warehouse/industrial buildings in Fredericksburg for $4.14 million, Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc. announced Monday. The buildings comprise 51,000 square feet in Juliad Court, approximately one mile from state Route 17 and Interstate 95, and were leased to four tenants at the time of the […]
Alabama company buys Little Creek Marketplace in Norfolk
Birmingham, Alabama-based property management company Shannon Waltchack’s retail real estate fund, SWNC I LLC, has purchased the Little Creek Marketplace shopping center in Norfolk, S.L. Nusbaum Realty Co. announced Tuesday. The sale price of the transaction was not disclosed. The 49,000-square-foot retail center was 97% leased at the time of the sale to tenants including […]
Norfolk office building sells for $2M
A 15,000-square-foot office building in Norfolk sold for $2 million, real estate and investment management company Colliers International announced Feb. 3. Constructed in 2007, the two-story building is located directly off Military Highway at 5665 Lowery Road. The Janaf location of The Therapy Network is currently a tenant and APM Spine & Sports Physicians and […]
Alexandria Housing Development Corp. buys Avana Apartments for $106M
Alexandria Housing Development Corp. (AHDC) has acquired the former 326-unit Avana Alexandria Apartments for $106 million in an effort to provide affordable housing as rents and sales prices rise in anticipation of Amazon.com Inc.’s HQ2 East Coast headquarters, which is under development in nearby Arlington. The acquisition, which closed on Jan. 28, marks the first […]
Sterling office complex sells for $15.375M
An affiliate of Baltimore, Maryland-based commercial real estate firm Klein Enterprises purchased a 95,282-square-foot office complex in Loudoun County’s Sterling area for $15.375 million, commercial real estate company Avison Young, which negotiated the sale, announced Monday. The property is located at 45745 Nokes Blvd. within the Corporate Office Park at Dulles Town Center. The office [[...]
Boys & Girls Clubs of Metro Richmond purchases former shopping center for $1.025M
The Boys & Girls Clubs of Metro Richmond purchased the former Eastlawn Shopping Center in Richmond’s East End for $1.025 million and will convert it into a center for the clubs’ programming, the organization announced Monday. The youth nonprofit purchased the facility from the Richmond Redevelopment and Housing Authority in 2019 using funds from the […]
Newport News Redevelopment and Housing Authority names vice chairman
Kenneth D. Penrose Jr. has been elected as vice chairman for the Newport News Redevelopment and Housing Authority for the 2020-year term, commercial real estate firm Cushman & Wakefield | Thalhimer announced Jan. 28. Penrose has been with Cushman & Wakefield | Thalhimer since 2000. He currently serves as vice president of commercial sales and […]
Colliers International promotes three employees to exec leadership
Commercial real estate firm Colliers International’s Richmond office has promoted three employees to executive leadership positions, the company announced Friday. Will Bradley has been promoted to executive vice president. Bradley leads the Richmond office and the industrial investment sales team, specializing in institutional grade investment real estate. In the past two years he has handle[...]
Cushman & Wakefield | Thalhimer announces leadership promotions
Cushman & Wakefield | Thalhimer announced on Friday two senior vice president promotions, six first vice president promotions and four vice president promotions. Isaac DeRegibus has been promoted to senior vice president. DeRegibus has been with Thalhimer’s Richmond office since 2011 and specializes in industrial and office tenant and buyer owner occupant representation. He represents [&he[...]
