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Henrico County building sold for $2.2M
Brian Scrimpsher purchased a 15,327-square-foot building for $2,225,000 in western Henrico County, which will be used as a VA Cars Inc. dealership, Cushman & Wakefield | Thalhimer announced last week. The property at 7494 W. Broad St. is on 1.1 acres, and it was purchased from Ross Square LLC, with James Ashby IV of Cushman [...]
East Coast Appliance acquires Norfolk building for $1.4M
East Coast Appliance has purchased a 40,000-square-foot building in Norfolk for $1.4 million, which it plans to use as a warehouse, Cushman & Wakefield | Thalhimer announced last week. The property, at 1164 Azalea Garden Road, is on 2.9 acres and was purchased from Richard and Cheryl Hart. Geoffrey W. Poston of Thalhimer han[...]
$250K SCHEV grant boosts VCU-ChamberRVA internship initiative
Virginia Commonwealth University and ChamberRVA hope to expand paid internship opportunities in the Richmond region with the help of a $250,000 grant from the State Council of Higher Education for Virginia, the chamber announced Thursday. In October, the Virginia Chamber Foundation and SCHEV started a public-private partnership,[...]
Parsons Corp. branch awarded $2.24B MDA contract
Centreville-based defense contractor Parsons Corp. has won a potential $2.24 billion contract from the Missile Defense Agency, the Department of Defense announced this week. Huntsville, Alabama-based Parsons Government Services will oversee the project, which starts in July and could run up to January 2029. Work will be performed at Fort Belvoir and other military sites […]
Leidos subsidiary wins nearly $1B health care contract
A subsidiary company of Reston-based Fortune 500 government contractor Leidos Holdings Inc. won a U.S. Army contract potentially worth nearly $1 billion to provide commercial health services to all U.S. military reserve forces, Leidos announced this week. Leidos acquired QTC Management Inc., which is based in San Dimos, California, in 2016. The $999 million contract […]
Williamsburg apartment complex sold for $46M
New York-based Kushner Cos. has purchased a 212-unit apartment complex in Williamsburg for $46 million, commercial real estate sales corporation Berkadia announced Thursday. Spotswood Commons, located at 100 Glenburnie Road, was sold by Massachusetts-based The Dolben Company Inc. Drew White, senior managing director of Berkadia�[...]
Fredericksburg retail center sells for $8.5 million
Commonwealth Self Storage bought a 40,617-square-foot retail center in Fredericksburg for $8.525 million, Cushman & Wakefield | Thalhimer announced Thursday. Carter’s Crossing, located at 27 S. Gateway Drive, was sold by Boosalis Properties, represented by Thalhimer’s Capital Markets Group. Catharine Spangler handled the[...]
Congratulations to the 2021 Virginia CFO Awards winners!
Congratulations to the winners of the 2021 Virginia CFO Awards, honoring the commonwealth’s top nonprofit and companies’ chief financial executives, announced Friday by Virginia Business Editor and Chief Content Officer Richard Foster. Watch the video below for this year’s nominees, finalists and winners in four categories: Small companies (fewer than 100 employees) Large companies (more […][...]
Willcox Savage names new managing partner
Thomas C. Inglima, a longtime attorney at Willcox Savage PC in Norfolk, has been named managing partner effective July 1, the law firm announced Thursday. Inglima, who joined Willcox Savage more than 25 years ago and has been a partner since 1999, succeeds Robert L. Dewey, the firm’s managing partner for more than 20 years[...]
Va. initial jobless claims rise slightly
Virginia’s new unemployment claims rose slightly last week, while continued jobless claims declined, the Virginia Employment Commission reported Thursday. For the filing week ending June 12, 7,849 people filed initial claims, an increase of 639 from the previous week. Continued claims totaled 44,793 last week, down 5,468 c[...]
Chesterfield business park portfolio sold for $39.5M
A Miami-based investor purchased a five-building Chesterfield County office portfolio for $39.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The Boulders and Moorefield business parks — totaling 414,322 total square feet that is 87% leased to several tenants that include AIG, Accenture and others — were [...]
Richmond-based ColonialWebb opens new data center division
Richmond-based mechanical and electrical systems company ColonialWebb has opened a new division that focuses on data centers, call centers, specialty operations centers and other essential opportunities, it announced Wednesday. Known as the Mission Critical Division, the department will be led by General Manager Nathan Wethingto[...]
