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Springfield office building sells for $29.3M
The Springfield Corporate Center office building sold for $29.3 million, New York-based real estate company Newmark Group Inc. announced Wednesday. Located at 6225 Brandon Ave., the five-story building is 138,830 square feet. The building was constructed in 1988 and renovated in 2014 and 2015 in a $2.7 million program. The prope[...]
Va. Beach apartment complex sells for $98.5M
Coastline Apartments, a 600-unit apartment complex in Virginia Beach near Virginia Wesleyan University, has been sold for $98.5 million, Northmarq announced Wednesday. Northmarq represented the seller, Arlington-based Blackfin Real Estate Investors, in a joint venture with GMF Capital. The complex is on 36 acres at 631 Lake Edwa[...]
Henrico County retail property sells for $31M
A Baltimore-based real estate developer has purchased The Row at GreenGate, a retail property in the Short Pump area of Henrico County, for $31 million, Colliers International announced Thursday. The 100,000-square-foot property at 12151 W. Broad St. was bought by DK Greengate LLC, an entity connected to Klein Enterprises, which[...]
Two NoVa office properties sell for $118M, $27.6M
Monday Properties has acquired two properties in Northern Virginia, the real estate investment firm and developer announced Thursday. The firm closed deals on Three Ballston Plaza, a 330,000-square-foot office building in Arlington’s Rosslyn-Ballston corridor, for $118 million and a 184,000-square-foot office building at 3[...]
Divaris to be Norfolk’s World Trade Center leasing agent
The new ownership of the World Trade Center in Norfolk selected Divaris Real Estate Inc. (DRE) as its management and leasing agent, the brokerage firm announced Tuesday. “We are both delighted and honored to have been appointed to handle the management and leasing of the World Trade Center building on behalf of the new ownersh[...]
Va. Beach’s Pembroke Mall to add apartments, senior living and hotel
Pembroke Mall in Virginia Beach is getting a $200 million makeover. The aging mall’s developers, Pembroke Square Associates, announced plans Monday for a series of updates to the 54-acre mall near the city’s Town Center area. “The mall industry is changing,” said Ramsay Smith, president of Pembroke Realty[...]
Fairfax-based Peterson Cos. opens self-storage division
Fairfax-based real estate company The Peterson Cos. has formed a self-storage division, the company announced Monday. It is the company’s first new division in more than 35 years and Jim Mertz will run it, the company said in a news release. Mertz joined Peterson Cos. in 2015 to lead the development effort for Promenade at[...]
Norfolk townhome community sells for $77M
Crown Point Townhomes, a 480-unit apartment community in Norfolk, has sold for $77 million, Berkadia announced Monday. Bush Cos. sold the property, at 5371 Wyngate Drive, to a New Jersey-based buyer. The garden-style, multifamily property has two-, three- and four-bedroom floor plans and is located near Military Circle Mall. David Hudgins of Berkadia Newport News […]
New luxury apartments coming to downtown Norfolk
With $56.2 million in financing in place, Marathon Development Group’s Frank “Buddy” Gadams is ready to start work on “Gravity 400 Apartments,” in downtown Norfolk, Berkadia Commercial Mortgage LLC and Breeden Construction announced. Located at 400 Waterside Drive, the 273-unit high-rise apartment tower wil[...]
Amazon to open East Coast supply chain hub in Stafford
Amazon.com Inc. will establish a new cross-dock fulfillment center in Stafford County, serving as an East Coast supply chain hub and creating 500 jobs, Virginia Gov. Ralph Northam announced Tuesday. The 630,000-square-foot facility at the Northern Virginia Gateway industrial site in Stafford will be responsible for the beginning[...]
Norfolk’s World Trade Center trades hands
The World Trade Center in Norfolk has sold for an undisclosed sum, Colliers announced Monday. On July 1, the property’s assessed value was nearly $51.27 million. Norfolk-based real estate investment and management firm Harbor Group International LLC, which acquired the property in 2008 for $54 million, has sold it to a private[...]
Alexandria warehouse sells for $9M
Washington, D.C.-based Lee & Associates has brokered the $9 million sale of a 28,000-square-foot warehouse at 619 S. Pickett St. in Alexandria to Terreno Realty Corp. The 1.27-acre site is adjacent to the Van Dorn Street Metro station. Josh Simon, president of Lee & Associates | Washington, D.C., represented the seller[...]
