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Commercial real estate leases across Va.
The following leases were completed between Dec. 14, 2021, and Jan. 10: Central Virginia Matt Gentry Agency renewed 1,151 square feet at 8401 Patterson Ave. in Richmond. Catherine Walker of Colliers Virginia handled the transaction on behalf of the landlord. American Pest Management leased 5,007 square feet at 1750 E Parham Road in Richmond. Joe […]
7-Eleven portfolio sells for $19.7M
A portfolio of seven 7-Eleven Inc. gas and convenience locations around the commonwealth have been sold to affiliates of Hermosa Beach-based Equitas Investments LLC for $19.7 million, Cushman & Wakefield | Thalhimer announced Monday. The deal closed on Dec. 22 and includes seven freestanding, corporately leased 7-Eleven stores and gas stations. The seller was not […]
Three Haymarket buildings sold for $13M
An affiliate of Fairfax-based Meladon Group LLC purchased three buildings in Haymarket for $13 million, Cushman & Wakefield | Thalhimer announced Tuesday. The seller was not disclosed. The portfolio includes buildings leased to CVS, Chick-Fil-A and Virginia National Bank on 5.63 acres at the intersection of Virginia Route 15 and Washington Highway, just off Interstate […]
Norfolk shopping center sells for $25M
A shopping center on Tidewater Drive in Norfolk with 20 acres of land sold for $25 million, Cushman & Wakefield | Thalhimer announced Monday. River City Capital LLC purchased the 246,000-square-foot Southern Shopping Center from Southern Shopping Center LLC. Situated on 20 acres, Southern Shopping Center is anchored by a Food Lion grocery store; other […]
Ashburn Walgreens store sells for $9M
A Walgreens drugstore retail location in Ashburn sold for $9 million on Dec. 1, according to Loudoun County online property records. Tater Ashburn LLC purchased the 88,862-square-foot building at 20321 Susan Leslie Drive from Wirrulla Livermore LLC. The building sits on about two acres of land and is leased to Walgreens. Marcus & Millichap Capital […]
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 […]
Virginia Beach, Manassas apartment complexes sell for $77.6M
An apartment complex in Virginia Beach sold for $52.1 million, and an apartment building in Manassas for $25.5 million, Alexandria-based real estate company Bonaventure announced Monday. Sitting on 19.83 acres, Magnolia Run is a 200-unit, 421,272-square-foot apartment complex in Virginia Beach with two- and three-bedroom units, a pool, 24-hour fitness center, playground and clubhouse. Bonaventure [...]
Chesterfield’s Meadowbrook Plaza sells for $16M
Chesterfield’s Meadowbrook Plaza shopping center on Hopkins Road has been sold for $16 million, Colliers International announced Thursday. The 16.77-acre strip mall was sold by Premier RE FUND V LLC to UG Necessity Retail Fund 2 LP, also known as Unite Growth. The shopping center has 45,129 square feet and recently underwent a renovation. Some […]
Colonial Heights shopping center sells for $26.25M
Colonial Square, a Publix-anchored shopping center in Colonial Heights, sold for $26.25 million, JLL announced Thursday. Colonial Square Associates – A Berman Kappler Property sold the shopping center to United Hampshire US REIT. The shopping center is 168,326 square feet and is 99% leased. It was constructed in 1967 and underwent renovations in 2017, when […]
Amazon has hired 3,500 HQ2 workers
Amazon.com Inc. has hired 3,500 of its 25,000 planned workers for HQ2, the tech behemoth’s $2.5 billion East Coast headquarters in Arlington. Meanwhile, construction on the two office towers for HQ2’s first phase, Metropolitan Park, is more than halfway complete, company representatives said during a site tour Wednesday. Amazon has added about 500 […]
Commercial real estate leasing roundup
The following lease transactions took place in Virginia through Nov. 8: Central Virginia Virginia Insurance Services Inc. leased 1,900 square feet at 1 Park West Circle in Chesterfield County. Tucker Dowdy and Jamie Galanti of Commonwealth Commercial Realty represented the landlord. Kala Brand Music Co. leased 29,342 square feet at 11223 Leadbetter Road in Hanover […]
Great Outdoor Provision Co. to expand flagship store in C-ville
Raleigh, North Carolina-based retailer Great Outdoor Provision Co. is opening an expanded flagship store in August 2022 in Charlottesville. The independently owned retailer, which sells outdoor clothing and recreational gear such as camping equipment and kayaks, will more than double that space of its Barracks Road location, growing from 9,641 square feet to 20,358 square […]
