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Three Blacksburg housing complexes sold for $146M
Three off-campus housing complexes in Blacksburg geared toward Virginia Tech students have been sold for $146 million in a deal closed May 5, Berkadia announced Friday. The buyer, California-based Reliant Group, added the portfolio to its earlier purchase of a student housing property near Virginia Tech. According to Montgomery [...]
Hampton apartments purchased for $2.89M
A 42-unit residential property in Hampton was sold for $2,890,000, Cushman & Wakefield | Thalhimer announced last week. Pembroke Pines, at 1625 W. Pembroke Ave., was sold to Pembroke HR 757 LLC from 1625 Pembroke Property LLC as an investment. Clark Simpson of Cushman & Wakefield | Thalhimer’s Capital Markets Group han[...]
Southern Fairfax retail property sells for $14.2M
A private buyer has purchased a 7.1-acre retail property in southern Fairfax County for $14.2 million, Avison Young Capital Markets Group announced last week. The property at 6001 Kingstowne Village Parkway in the Alexandria area, off Telegraph Road, was sold by The Halle Cos. and is fully leased to an Aldi supermarket, a La-Z-B[...]
Va. Beach retail building sold for $2.2M
A Virginia Beach retail building has been sold for $2.2 million, and the buyer plans to develop a Freddy’s Frozen Custard & Steakburgers restaurant in the 6,000-square-foot building, Cushman & Wakefield | Thalhimer announced last week. Mosley Real Estate Advisors Inc. purchased the 796 Lynnhaven Parkway building from United Restaurant Group LP and also plans […]
Va. Beach industrial property sells for $3M
A 38,600-square-foot industrial building on 4.34 acres in Virginia Beach has been sold for $3,015,000, Cushman & Wakefield | Thalhimer announced last week. The property at 1424 Baker Road was sold by Baker & Associates LLC to B&D Acquisitions as an investment. Geoffrey W. Poston of Cushman & Wakefield | Thalhimer[...]
Henrico County building sold for $2.2M
Brian Scrimpsher purchased a 15,327-square-foot building for $2,225,000 in western Henrico County, which will be used as a VA Cars Inc. dealership, Cushman & Wakefield | Thalhimer announced last week. The property at 7494 W. Broad St. is on 1.1 acres, and it was purchased from Ross Square LLC, with James Ashby IV of Cushman [...]
East Coast Appliance acquires Norfolk building for $1.4M
East Coast Appliance has purchased a 40,000-square-foot building in Norfolk for $1.4 million, which it plans to use as a warehouse, Cushman & Wakefield | Thalhimer announced last week. The property, at 1164 Azalea Garden Road, is on 2.9 acres and was purchased from Richard and Cheryl Hart. Geoffrey W. Poston of Thalhimer han[...]
Williamsburg apartment complex sold for $46M
New York-based Kushner Cos. has purchased a 212-unit apartment complex in Williamsburg for $46 million, commercial real estate sales corporation Berkadia announced Thursday. Spotswood Commons, located at 100 Glenburnie Road, was sold by Massachusetts-based The Dolben Company Inc. Drew White, senior managing director of Berkadia�[...]
Fredericksburg retail center sells for $8.5 million
Commonwealth Self Storage bought a 40,617-square-foot retail center in Fredericksburg for $8.525 million, Cushman & Wakefield | Thalhimer announced Thursday. Carter’s Crossing, located at 27 S. Gateway Drive, was sold by Boosalis Properties, represented by Thalhimer’s Capital Markets Group. Catharine Spangler handled the[...]
Chesterfield business park portfolio sold for $39.5M
A Miami-based investor purchased a five-building Chesterfield County office portfolio for $39.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The Boulders and Moorefield business parks — totaling 414,322 total square feet that is 87% leased to several tenants that include AIG, Accenture and others — were [...]
Henrico-based medical office sells for $32.5M
Brookfields Commons, a Henrico County medical office property, has sold for $32.5 million, Cushman & Wakefield | Thalhimer announced last week. Nashville-based Montecito Medical acquired the 90,598-square-foot Class A property on June 11 from an entity managed by Stanley Shield Partnership, which was represented by Thalhimer[...]
$11.7M RRHA redevelopment contract awarded to Breeden
Breeden Construction has been awarded a $11.7 million contract to redevelop several Richmond Redevelopment and Housing Authority neighborhoods, with construction starting in late June. The Richmond-based general contractor will perform work on Afton Avenue Apartments, Bainbridge Apartments and Fulton Apartments, with Michaels Development and RRHA as developers. The renovation project includes 123 apartment units, Breeden […][...]
