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byline: Staff Reports

Five Virginia commercial real estate agents receive CCIM designation

The Mid-Atlantic CCIM chapter recognized five Virginia members who recently earned the Certified Commercial Investment Member designation from the CCIM Institute. They are among 228 industry professionals who earned the designation during the organization's fall business meetings in San Diego:

Thompson Brown, Colliers International, Norfolk

David Crosby, SunTrust Bank, Glen Allen

Ebony Landon, JBG Smith, Arlington

Jerad Nielsen, Capital Square, Glen Allen

Brian Shahkarami, Long & Foster, Vienna

“Our new designees have shown immense determination and dedication to achieve the CCIM designation, which will pay off throughout their entire commercial real estate career,” Brian Ginter, president of the Mid-Atlantic CCIM chapter, said in a statement.

To earn the designation, commercial real estate professionals must complete more than 160 hours of case-study driven education covering interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis and ethics.

Farm Credit of the Virginias buys Staunton building

Farm Credit of the Virginias purchased an 18,750-square-foot building in Staunton for $1.2 million from Atlantic Union Bank. Cushman & Wakefield | Thalhimer announced the deal last week.

The building, a former bank operations center on 6 acres at 102 Industry Way, will be used in the operation of Farm Credit’s business. Will McGoogan, Kent Roberts and John Pritzlaff of Cushman & Wakefield | Thalhimer handled the sale negotiations.

Stafford County industrial building sold for $2 million

A 60,000-square-foot industrial building in Stafford County has sold for $2 million, Cushman & Wakefield | Thalhimer announced last week.

Dallas-based Americo Real Estate Co. purchased the building at 112 Juliad Court, off Route 17, from Juliad Court LLC as an investment.

Virgil G. Nelson and Adam Nelson handled the sale negotiations on behalf of the seller.

Portsmouth business park building sells for $1.5 million

Divaris Real Estate announced several transactions from September, including the sale of a 30,000-square-foot building in Airline Business Park in Portsmouth for $1.5 million. Levi Thomson represented the buyer, Bbgrealestate Hampton Roads LLC, which purchased the property from Commercial Building Associates.

In Richmond, Hook Properties LLC purchased a 3,000-square-foot warehouse at 3000 W. Clay St. for $750,000 from Three Thousand West Clay Street LLC. Read Goode and Cheryle Toy represented the buyer.

In Virginia Beach, Tesla leased 9,580 square feet of retail space at 573 Central Drive, which is set to become a Tesla service center. Levi Thomson represented the tenant.

Award-winning chef opens new pasta restaurant in Rosslyn

Chef Fabio Trabocchi opened his third Sfoglina for Trabocchi restaurant — and his first location in Northern Virginia — in Arlington’s Rosslyn neighborhood in early October.

Trabocchi owns award-winning Italian restaurants in Washington D.C., including the Michelin-starred Fiola and the award-winning Fiola Mare and Del Mar. He has also won the James Beard Award for Best Chef Mid-Atlantic. The other two Sfoglina restaurants are located in the district.

Sfoglina Rosslyn, which serves handmade pasta and features a prosciutto and mozzarella bar, is located in the mixed-use tower at 1100 Wilson Boulevard in a 4,500-square-foot space. It seats 130 and will offer catering service for events held on the building’s rooftop deck.

Monday Properties, a real estate firm based in New York, handled the transaction.

Richmond-based Medalist purchases two South Carolina properties

Richmond-headquartered real estate investment company Medalist Diversified REIT Inc. recently paid almost $16.5 million to acquire two properties in South Carolina, including the Clemson Best Western and the Brookfield Center in Greenville.

Medalist purchased the 148-room hotel in Clemson, less than a mile from Clemson University, for $9.75 million in late September. The 66,000-square-foot Brookfield Center, a flex-industrial property occupied by trampoline park developer Gravitopia, was purchased for $6.7 million in early October.

Medalist owns and manages commercial real estate in the mid-Atlantic and Southeastern regions of the United States.

Wakefield promoted to COO of Greater Richmond Partnership

Jennifer Wakefield, who served as Greater Richmond Partnership’s interim president and CEO earlier this year, was promoted to chief operating officer Thursday.

Wakefield joined GRP, the regional economic development organization for Richmond and its surrounding counties, in 2017 as senior vice president of marketing. During the organization’s search for its next president from January through August, Wakefield served as its interim leader. Lara Fritts joined GRP as president and CEO in September.

Before coming to Richmond, Wakefield was vice president of marketing for the Orlando (Florida) Economic Development Commission — now the Orlando Economic Partnership — for 11 years. She received a master’s degree in communications from the University of Central Florida and holds an Accreditation in Public Relations.

S. L. Nusbaum Realty names shopping center leasing director

Murray Rosenbach has been named director of shopping center leasing at Norfolk-based S. L. Nusbaum Realty Co.

He is a partner and senior vice president with the firm.

Rosenbach has been with the company since 1979. Over the years, he has provided leasing services for numerous retail centers throughout the Hampton Roads region.

As director of shopping center leasing, Rosenbach will oversee the day-to-day operations of the Shopping Center Leasing Department and supervise leasing for the company’s shopping center portfolio, which includes more than 60 centers throughout the region.

S.L. Nusbaum Realty Co. manages, develops and provides brokerage services for shopping centers, apartment communities, office, industrial, land and investment properties throughout the mid-Atlantic.

Bank leases 69,620-square-foot building in Henrico

Atlantic Union Bank has fully leased a Henrico County building that had been vacant for about four years.

Cushman & Wakefield | Thalhimer said the 69,620-square-foot building is located at 4300 Cox Road in the Innsbrook Corporate Center.

Will McGoogan of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the tenant.

Evan Magrill and Dean Meyer, also with Thalhimer, represented the landlord.

DXC Technology names new CEO

Mike Salvino has been named president and CEO of Tysons-based DXC Technology, a Fortune 500 IT services company. The appointment was effective on Thursday.

Salvino succeeds Mike Lawrie, who has served as DXC’s chairman, president and CEO since the company’s formation in 2017.

Lawrie will retire as DXC’s board chair on Dec. 31.

The company said Lawrie and the DXC board began discussing a succession and his retirement about a year ago.

Salvino joined the DXC board in May. He most recently served as a managing director at Carrick Capital Partners, a private equity firm focused on the technology sector.

Before he joined Carrick, Salvino was group chief executive of Accenture Operations for seven years. In that position, he was a member of Accenture’s Global Management Committee.

DXC Technology was formed in April 2017 as a result of the merger of CSC (Computer Science Corp.) and the Enterprise Services business of Hewlett Packard Enterprise.

The company, which has 138,000 employees worldwide, was ranked No. 122 on the latest Fortune 500 list of the nation’s largest publicly traded companies. It had 2018 revenue of $24.6 million.