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Woodbridge medical building sells for $5.2M
The Virginia Gastro Health Woodbridge building has sold for $5.2 million, according to Cushman & Wakefield. The 17,988-square-foot medical office building at 14010 Smoketown Road in Woodbridge is 92% leased to five tenants and anchored by Gastro Health. The building was renovated in 2010. It is located near Sentara Northern [...]
Recent commercial real estate transactions around Virginia
S.L. Nusbaum Realty announced that HM Management LLC has purchased a 35,355-square-foot former assisted living facility on 0.45 acres located at 501 N. Allen Ave. in Richmond from Care GSL Richmond PropCo LP for $3.5 million. Nathan Shor handled the transaction. Cushman & Wakefield | Thalhimer announced the sale of 3750 Progress Road in Norfolk. […]
Breeden to develop $27M mixed-use project near RVA’s Diamond
Virginia Beach-based The Breeden Co. intends to build a $27 million mixed-use development, Duplex Station on Hermitage, on the former Cobb Lumber site near Richmond’s Scott’s Addition neighborhood and less than a mile from The Diamond ballpark, the company announced Monday. Located at 2300 Hermitage Road, the project[...]
Recent real estate deals around Virginia
Cushman & Wakefield | Thalhimer represented the seller, LNR Property, in the $2 million sale of part of 260 Boush Street, a multiuse commercial and residential building in downtown Norfolk. Tidewater Community College is the purchaser of the 37,065-square-foot commercial space on the first floor, plus 99 parking spaces on the second floor of the […]
Richmond apartment building sells for $27M
A 157-unit apartment building in Richmond sold for $27.25 million, Minneapolis, Minnesota-based real estate broker NorthMarq announced Wednesday. Located at 308 N. Nansemond St., the three-story property known as The Gallery Midtown was built in 1938. The previous seller, Richmond-based Spy Rock Real Estate Group, renovated the [...]
Petersburg retail centers sell for $10.25M
Two neighborhood retail centers in Petersburg sold for $10.25 million on Oct. 15. The two properties total 192,510 square feet and occupy 24.9 acres. Located at 3330 S. Crater Road, South Crater Square is 82.7% leased and anchored by Rose’s, with Walmart Supercenter as a shadow anchor. Pinehill Plaza, located across the street[...]
Breeden Construction to build $38.9M apartment complex additions
Virginia Beach-based real estate development firm The Breeden Co.’s general contracting company announced Thursday that it has been contracted to develop the $38.9 million second phase of Center West Apartments in Midlothian, not far from the Westfield Commons Shopping Center. Charlottesville-based Castle Development Partners [...]
Lumen apartments sell for $82M in Hampton
New York-based Kushner Cos. has purchased the 300-unit Lumen luxury apartment complex in Hampton for $82 million, Berkadia Institutional Solutions announced Thursday. Located at 2100 N. Campus Parkway near the Hampton Roads Center business park, the Lumen complex was sold by a partnership formed by Virginia Beach-based real esta[...]
Third quarter strong for Va. CRE market, Realtors group says
Virginia’s commercial real estate market showed signs of strength in the third quarter, according to a report released Monday by Virginia Realtors. Office markets in Northern Virginia, Richmond and Hampton Roads have been more resilient than smaller markets, with a key factor being the strength of the high-end Class-A office space market. It’s in demand […]
Manassas shopping center sells for $19.45M
The Portsmouth Station Shopping Center in Manassas has sold for $19.45 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The 147,305-square-foot shopping center is 78% leased to 20 tenants and anchored by Regency Furniture and Aldi. The property has two multitenant buildings and a corpo[...]
The Branch Group names Wilber Chen head of unit
Roanoke-based construction firm The Branch Group has named Wilber W. Chen as president of its G.J. Hopkins | Lacy MEP (manufacturing, electrical and plumbing) business unit, the company announced Friday. Chen comes to Branch with more than three decades of experience in the MEP transportation and heavy civil markets. He will be [...]
Recent commercial real estate sales
Central Virginia Cushman & Wakefield | Thalhimer announced the sale of 3.89 acres of land on Lewistown Road at Lakeridge Parkway in Ashland. ARLS Properties LLC purchased the acreage from Craig Realty Group for $3 million for future retail development. David M. Smith of Cushman & Wakefield | Thalhimer represented the purchaser. Commonwealth Commercial Partners […]
