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Norfolk office building sells for $4.1M
Norfolk-based Azalea 888 LLC purchased a two-story office building in Norfolk Industrial Park for $4.1 million, Cushman & Wakefield | Thalhimer announced Wednesday. Azalea 888 purchased the property at 1151 Azalea Garden Rd. from Roseville, Calif.-based Asset Preservation Inc. in a deal that closed on Jan. 7. The 54,986-square-foot Class B office building sits on […]
Richmond commercial property sells for $1.8M
Commercial parcels in the Scott’s Addition neighborhood in Richmond sold for $1.8 million, Virginia Beach-based Divaris Real Estate Inc. announced Wednesday. Capital Square 1031 LLC purchased 21,700 square feet (0.5 acres) located at 3001-3009 W. Leigh St. in Richmond from Cash Properties to build a three-building mixed-use complex. Based in Glen Allen, Capital Square specializes […]
Roanoke accounting firm acquires real estate title firm
Roanoke-based accounting firm Brown Edwards acquired Salem-based Covenant Real Estate Services LLC as of Jan. 1, Brown Edwards announced Monday. Financial terms of the deal have not been disclosed. Covenant was founded by Roger Kronau and Jerry Dunnavant, and both will serve in leadership positions under the acquisition. Kronau will continue his work as the […]
Henrico shopping center sells for $21.7M
The Colonnades West shopping center in Glen Allen was sold to Quebec, Canada-based Colterra Capital Corp. for $21.76 million, Divaris Real Estate Inc. announced Thursday. Located on 14.73 acres of land, Colonnades West is 97.5% leased to anchor tenants Ross Dress for Less, Marshall’s, Office Max and Shoe Carnival. The 136,082-square-foot shopping center is located […]
Richmond property sells for $2.75M
Richmond-area developers Louis Salomonsky and David White of SWA Construction Inc. sold a 0.75-acre property across from the Lucky Strike Building in the city’s Libby Hill area for $2.75 million, Commonwealth Commercial Partners LLC (CCP) announced Monday. The site is part of a three-parcel purchase of vacant land along East Main and Pear streets. Bruce Milam, […]
Colliers International names three new principals
Norfolk-based Colliers International Group Inc. has named three new principals in the firm, the company announced Monday. Donald Crigger, executive vice president, and George “Hank” Hankins, senior vice president, and Charles Wentworth, senior vice president, are now part owners of the commercial real estate firm. Crigger and Hankins work in Colliers International Group’s Norfolk office [...]
Hampton Roads Realtor receives lifetime achievement award
The Hampton Roads Realtors Association presented Berkshire Hathaway HomeServices Towne Realty Chairman and CEO Barbara Wolcott with its 2019 HRRA Lifetime Achievement Award, the company announced Monday. The award is given to tenured HRRA association members who have made a recognizable and identifiable difference in multiple facets of the real estate industry. An association member […]
Chester shopping center sells for $18.6M
Bermuda Square shopping center in Chester has been sold for $18.6 million, according to Cushman & Wakefield | Thalhimer‘s Capital Markets Group. Brentwood, Tennessee-based GBT Realty Corp. acquired the 84,064-square-foot property, its first investment in the Richmond market, on Nov. 26 from Giant Food Stores, the parent company of Martin’s grocery stores, according to Catharine [&h[...]
Henrico Jiffy Lube property sells for $2.2M
A private investor purchased a 4,210-square-foot property in Henrico County occupied by a Jiffy Lube for $2.2 million in late November, according Cushman & Wakefield | Thalhimer. The automotive maintenance and servicing shop will continue to operate on the property at 5710 W. Broad St. James Ashby IV of Cushman & Wakefield | Thalhimer handled […]
