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real estate

A 353,044-square-foot industrial facility is in the works at Meadowville Technology Park in Chesterfield County.
Mar 15, 2021

Manufacturing/logistics building coming to Meadowville Technology Park

A newly announced 353,044-square-foot manufacturing and industrial facility will be the first spec building constructed at Meadowville Technology Park, which is owned by the Chesterfield County Economic Development Authority. The project is being developed by Columbia, South Carolina-based Red Rock Developments and Stamford, Connecticut-based Westport Capital Partners LLC. It is Red Rock’s f[...]

Mar 15, 2021

Breeden buys $3.5M Newport News site for apartments

Breeden Investment Properties Inc. purchased a 5.06-acre land parcel to build a 176-unit apartment complex in the 200-acre Huntington Pointe residential development. The Virginia Beach-based commercial real estate development company paid $3.52 for the vacant parcel. Breeden purchased the property, located off of Denbigh Boulevard near the York County line, from Huntington Pointe LLC. C. […[...]

A 280,900-square-foot manufacturing facility in Salem has sold for $12.7 million.
Mar 14, 2021

Mack Trucks’ Salem manufacturing facility sells for $12.7M

An Argentinian private equity partnership purchased a 280,900-square-foot manufacturing facility in Salem for $12.7 million. Located at 6450 Technology Drive, the property is leased to the Mack Trucks Inc. division of AB Volvo Group. Mack Trucks employs 250 people at the Roanoke Valley Operations facility in Salem, where it’s producing a new line of medium-duty […]

Mar 14, 2021

February activity signals busy spring for NoVa home sales

The pace and price of home sales in Northern Virginia likely signal a busy spring for the real estate sector, according to the Northern Virginia Association of Realtors (NVAR). In a news release, the association states the average February sale price was 100.2% of the listing price. The total dollar volume of the region in […]

Mar 14, 2021

W.M. Jordan Co. promotes two Richmond execs

Newport News-based construction firm W.M. Jordan Co. recently promoted two executives in its Richmond division. K. Brooks Ballance has assumed the role of vice president of the Richmond division; William “Bill” L. Lucas Jr. has been promoted to director of estimating for Richmond. Ballance joined the company as a project manager in 1999; he is […]

The Virginian aims to complete renovations through June 2022.
Mar 14, 2021

Fairfax County senior living community begins $56.5M renovation

Fairfax County senior living community The Virginian has begun a $56.5 million renovation, aimed to be completed in phases through June 2022. The renovated seven-story, 367,000-square-foot building will include four wings featuring 155 independent living apartments, 56 assisted living apartments and 38 memory care residences. The Virginian also includes long-term nursing and skilled nursing care. [...]

2280 Steppingstone LLC has purchased two 12,000-square foot office/warehouse condo buildings in Chesapeake.
Mar 12, 2021

Chesapeake industrial property sells for $2.9M

2280 Steppingstone LLC has purchased two 12,000-square foot office/warehouse condo buildings from Chesapeake Land Co. LLC for $2.88 million in Chesapeake. The buildings are located at 2278-2280 Steppingstone Square. Geoff Poston of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser. Subscribe to Virginia Business. Get our daily e-newsletter.

Mar 12, 2021

Virginia Beach medical office building sells for $2.7M

Virginia Beach-based Gwynn-Reed Enterprises LLC has purchased a 10,036-square-foot medical office building on 1.84 acres in Virginia Beach for $2.65 million. The property is located at 1817 Republic Road. Gwynn-Reed purchased the property from Virginia Beach-based Vitruvian Property Group LLC. S.L. Nusbaum Realty Co.’s Chris Zarpas and Chris Devine represented the seller. Subscribe to Virgin[...]

Mar 12, 2021

Hampton industrial property sells for $1.7M

G & V LLC has purchased a 44,76-square-foot industrial building situated on 3.71 acres in Hampton for $1.74 million to open a manufacturing operation. The property is located at 315 E. Street. Clay Culbreth of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser; Robert L. Phillips, Jr., also with […]

Edison Apartments in Portsmouth has sold for $1 million.
Mar 12, 2021

Portsmouth apartment property sells for $1M

Portsmouth property management company Doud Realty Services Inc. has purchased the Edison Apartments in Portsmouth for $1 million as part of a 1031 tax-deferred exchange. The 16-unit multifamily property is located at 219-249 Edison Ave. Clark Simpson of Cushman & Wakefield | Thalhimer Capital Markets Group handled the sale negotiations on behalf of the seller, […]

Jeffrey Blount has been named Capital Square’s chief technology officer.
Mar 2, 2021

Capital Square names chief technology officer

Henrico County-based real estate investment company Capital Square announced Tuesday that Jeffrey Blount has been named the company’s chief technology officer. Prior to joining Capital Square, Blount served as virtual chief information officer at Glen Allen-based office IT services and equipment supplier Cobb Technologies. “Jeff, who built Capital Square’s technology systems from the[...]

Rendering courtesy Cushman & Wakefield | Thalhimer
Feb 25, 2021

$8.5M parcel in Spotsylvania to be used for Veterans Affairs clinic

Nearly 50 acres of land along Route 1 and Interstate 95 in Spotsylvania County has sold for $8.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The 48.75-acre parcel will be used to develop one of the nation’s largest Veterans Affairs facilities, according to Cushman & Wakefield | Thalhimer.  Carnegie Management and Development Corp. will […]

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