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Real Estate

Jan 10, 2022

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 […]

Jan 7, 2022

Six-building portfolio in Manassas sells for $45M

A six-building portfolio, comprising 212,000 square feet of warehouse and flex space in Manassas, has been sold by Bethesda, Maryland-based Finmarc Management to The Davis Companies and David Holdings JV for $45.58 million, Finmarc Management Inc. announced Jan. 5. The buildings are located at 7345, 7663 and 7795 Coppermine Driv[...]

Jan 7, 2022

Breeden Construction hires marketing manager

Richmond-based Breeden Construction has hired Corbin Matacunas as the company’s marketing manager, Breeden announced Friday. Matacunas will be responsible for conceiving and executing marketing strategies and tactics that drive growth, in addition to working on brand development and messaging. “Corbin is results-oriented[...]

Jan 7, 2022

Va. Beach vacation company acquired by Calif. company

Mill Valley, California-based Vacatia Inc. has acquired Virginia Beach-based hospitality and vacation ownership company VSA Resorts, the timeshare owner and property management services provider announced Jan. 3. Financial details of the transaction were not disclosed. VSA owns three Virginia Beach properties: Ocean Key Resort, [...]

Jan 3, 2022

Richmond seeks developers for Diamond District

The city of Richmond issued a request for interest on Dec. 28, 2021, seeking developers for the 66.7-acre Diamond baseball stadium property it has dubbed the Diamond District. The city plans to demolish the stadium and construct a new multipurpose one that the Richmond Flying Squirrels will share with Virginia Commonwealth Unive[...]

The pandemic-fueled e-commerce surge has accelerated the need for distribution centers, says Taylor Chess, president of development for Fairfax-based Peterson Cos., standing at the construction site for a major Amazon fulfillment center in Stafford County. Photo by Will Schermerhorn
Dec 31, 2021

Need for speed

Geoff Poston likens the current market for building, buying and leasing warehouses and distribution centers to the mid-1800s California Gold Rush: Everybody wants in. Poston, vice president of Cushman & Wakefield | Thalhimer’s Hampton Roads industrial group, says demand has never been greater for industrial real estate, cr[...]

Dec 30, 2021

Innsbrook office buildings sold for $20.8M

Virginia Beach-based The Runnymede Corp. has purchased the Waterfront Plaza office portfolio at Innsbrook Corporate Park in Henrico County for $20.8 million from Raleigh, North Carolina-based Highwoods Properties, Cushman & Wakefield | Thalhimer announced Wednesday. The portfolio consists of two buildings: the 58,366-square[...]

Dec 29, 2021

Richmond warehouse sells for $7.5M

SR Westwood Avenue LLC has purchased 129,800 square feet of warehouse space on 4.76 acres of land at 2031 Westwood Ave. in Richmond from Westwood Development Group LLC for $7.5 million, Commonwealth Commercial Partners LLC announced Wednesday. Ben Bruni and Ryan Fanelli of Commonwealth Commercial Partners represented the buyer. [...]

Dec 29, 2021

The Maury Building in Norfolk sells for nearly $4M

Williamsburg-based Alcove Corp. has acquired The Maury Building in Norfolk’s Interstate Corporate Center office park for $3.475 million. Alcove bought the 27,250-square-foot office building at 6300 Center Drive from Miami-based investment and development firm Adler Group. The building houses the Norfolk location of Fortis [...]

Dec 29, 2021

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 stor[...]

Dec 29, 2021

Falls Church strip mall gets new look

The shopping center formerly known as Falls Plaza in Falls Church has a new look and a new name: Birch & Broad. Renovations are now complete at the 144,000-square-foot strip mall, which is anchored by a Giant Food supermarket. Other tenants include Conte’s Bike Shop, CVS Pharmacy, Plaka Grill, Starbucks, Jersey Mike[...]

Dec 29, 2021

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[...]

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