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Arlington’s The Millennium apartment building sells for $200.5M
An affiliate of Washington, D.C.-based The UIP Companies Inc., in partnership with New Jersey-based furnished housing company Churchill Living, purchased The Millennium apartment building in Arlington for $200.5 million on Jan. 20, Arlington property records show. Located at 1130 S. Fair St., near Metropolitan Park — the first[...]
Va. Beach shopping center sells for $5.9M
The Indian River Shopping Center in Virginia Beach has been sold for $5.9 million, Cushman & Wakefield | Thalhimer announced Wednesday. JFS Real Estate LLC purchased the 89,189-square-foot shopping center from Indian River Shopping Center Land LLC as an investment. The shopping center, which includes a Food Lion and Burlingt[...]
Florida firm buys two Henrico buildings for nearly $19M
Hollywood, Florida-based investment group Savlan Capital announced Monday that it has purchased two medical offices in Henrico County for $18.96 million. The buildings are part of the Windsor Business Park in the western part of the county and were bought from Newport Beach, California-based REIT Modiv. Savlan acquired a 51,800-[...]
Dan Snyder owns Va.’s most expensive house
Virginia’s most expensive mansion now belongs to one of the most famous men in the commonwealth. River View, once part of George Washington’s Mount Vernon, in Alexandria, was sold on Oct. 29, 2021, for $48 million, according to TTR Sotheby’s International Realty. The agency brokered the sale of the 7-bedroom ho[...]
Newport News apartments sell for $51M
The Cottage Grove Apartments complex in Newport News has been sold for $51 million. New York-based real estate company Beachwold Residential LLC sold the 112 building complex with 552 units to Virginia Beach-based real estate firm Featherstone Partners. The complex was originally built in 1948 and renovated in 2009. Featherstone[...]
JLL announces NoVa office move
JLL is moving its Northern Virginia office from Vienna to 1800 Tysons Blvd. in McLean, the commercial real estate company announced Monday. JLL will occupy nearly 24,000 square feet of the building, owned by Lerner Enterprises, with the move set during the first quarter of the year. Form Architects designed the office, which mee[...]
Lowe’s warehouse to create 70 jobs in Roanoke County
A new Lowe’s warehouse and distribution center is expected to create 70 jobs in Roanoke County, the $11 million project’s developer announced Monday. Lowe’s Cos. Inc. has hired Roanoke-based Cherney Development, in partnership with North Carolina-based Samet Corp., to build a 60,000-square-foot distribution warehou[...]
Chesapeake shopping center sells for $6.85M
Woodford Square Shopping Center in Chesapeake has sold for $6.85 million, Harvey Lindsay Commercial Real Estate announced Friday. The 85,323-square-foot shopping center sits on 9.19 acres at 701 N. Battlefield Blvd. Its tenants include Harbor Freight Tools and Dollar General. Woodford Square Associates LP sold the property to Mo[...]
Va. Beach industrial building sells for $6.79M
An industrial building in Virginia Beach has sold for $6.79 million, Cushman & Wakefield | Thalhimer reported. The 69,120-square-foot industrial building is located on 3.93 acres at 5740 Bayside Road, near Norfolk International Airport in the Airport Industrial Park. It was built in 1975 and renovated in 2015 and has six loading docks. 5740 Bayside […]
Newport News housing authority elects new chair
Kenneth D. Penrose Jr. has been elected to serve as chairman of the Newport News Redevelopment and Housing Authority (NNRHA). An office and leasing specialist in Cushman & Wakefield Thalhimer’s Newport News office, Penrose has been with the firm since 2000 and is in the second year of his second four-year term on the NNRHA. […]
Associated General Contractors of Va. elects officers
The Associated General Contractors of Virginia (AGCVA) has elected new officers and members to the industry group’s board of directors. Anthony Smith of Service Contracting of Virginia Inc. will serve as board chair, Don Sproul of Clancy & Theys Construction Co. will serve as vice chair and Arlene Lee of Lee Building Co. will serve […]
Prince William data center sells for $222.5M
Columbia, Maryland-based Corporate Office Properties Trust (COPT) sold DC-6, a data center in Prince William County, for $222.5 million to Cloud Capital, an affiliate company of Washington, D.C.-based CloudHQ, COPT announced Jan. 25. The data center, which was built in 2009, is located at 9651 Hornbaker Road and has 100,000 square feet in raised floor […]
