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ACI expands Hampton Roads footprint
Richmond-based Atlantic Constructors Inc. is expanding its presence in Hampton Roads with a new 39,000-square-foot facility in Suffolk and 75 new jobs, the company announced June 2. Previously, ACI had three small offices in Hampton Roads, and the company has consolidated two of them into a larger, more modern facility, a compan[...]
Blacksburg apartments sell for $4.75M
Ridgeview Apartments in Blacksburg have been sold for $4.75 million, Cushman & Wakefield | Thalhimer announced Thursday. The 96-unit community is located at 768 Triangle St. in Blacksburg. Ridgeview Apts. Land Trust sold the community to GFI Ridgeview LLC, which intends to renovate the units. Clay Taylor of Cushman & Wak[...]
The Breeden Co. names brand and development manager
The Breeden Co. has named Richard George its brand and development manager, the Virginia Beach company announced June 6. George will be responsible for maintaining brand integrity across all corporate and divisional marketing initiatives and communications, but will also oversee business functions including communication channel[...]
Va. Beach office building sells for $12.15M
Windwood Centre, a four-story Class A office building in the Lynnhaven area of Virginia Beach, has been sold for $12.15 million, Divaris Real Estate Inc. announced Wednesday. CCP Commercial Real Estate sold the 78,619-square-foot building, located at 780 Lynnhaven Parkway, to Charlottesville-based Seminole Trail Management. Tena[...]
Norfolk warehouse sells for $9M
A warehouse in Norfolk has been sold for $9 million, Cushman & Wakefield | Thalhimer announced June 6. Selko Real Estate Ventures LLC purchased the 109,609-square-foot industrial building from NorfolkCo LLC as an investment. The property is leased to American Tire Distributors (ATD) as the company’s Hampton Roads tire [...]
Va. Beach post office building sells for $5M
A 29,813-square-foot property leased to the U.S. Post Office in Virginia Beach has been sold for $5 million. U.S. Post Office Acredale-Annex at 1700 Centerville Turnpike was built in 2000 and was sold by Faith Irrevocable Trust to Postal Realty Trust. The property is on a 25-year net-leased structure with the tenant. Michael J. [...]
Winmar Construction moves HQ to Reston
Winmar Construction has moved its corporate headquarters from Washington, D.C., to Reston, signing a 7,000-square-foot lease at 2100 Reston Center Parkway. The general contractor has 40 employees in the seven-story building in Reston but will still have a presence in Washington, D.C., at 1010 Wisconsin Ave. The company also has [...]
Amazon closes $198M PenPlace purchase from JBG Smith
Amazon.com Inc. has acquired the 11-acre PenPlace development site, part of its HQ2, its East Coast headquarters, from Bethesda, Maryland-based JBG Smith Properties for $198 million, JBG Smith announced Monday. Arlington County in April approved the 3.3 million square feet of office space spread across three 22-story buildings[...]
CBRE moving NoVa office to The Boro in Tysons
CBRE Group Inc. has signed a lease for 24,108 square feet at The Boro tower in Tysons, the firm announced June 1. In the first quarter of 2023, CBRE will move its Northern Virginia office from International Drive in Tysons to occupy the entire 11th floor of The Boro, at 8350 Broad St. The new […]
Henrico assisted living facility to become affordable housing
Construction started this week on a $23 million project that will create 86 units of affordable housing in eastern Henrico County, Virginia Supportive Housing announced. Formerly an assisted living facility, Cool Lanes Commons, on the border of Richmond and Henrico, will create 80 one-bedroom apartments and six studio apartments[...]
Colonial Williamsburg Foundation hires real estate VP
The Colonial Williamsburg Foundation has hired Diane E. Branch as vice president of real estate, the foundation announced Friday. Branch will manage a portfolio of nearly 400 parcels, which is more than 1,900 acres of developed and undeveloped land in the city of Williamsburg and James City and York counties. She begins her new [...]
AeroFarms sells its Cane Creek property
AeroFarms has sold its 138,670-square-foot property in Cane Creek Centre to MDH Partners and leased it back for 20 years, the companies announced June 1. MDH Partners bought the property at 1526 Cane Creek Parkway for $19.1 million and leased it back to AeroFarms. The industrial park where AeroFarms is located is jointly owned b[...]
