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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 […][...]
Phase one of Portsmouth affordable housing project completed
Breeden Construction announced last week that it has completed the $12.5 million phase one of an affordable housing project in Portsmouth ahead of schedule. Work began on Lexington Place in January 2020. Located off Frederick Boulevard, Lexington Place now has 72 residences, a new clubhouse and 1.4 acres of green space. Breeden [...]
Hampton Roads sees small increase in active home listings
The Hampton Roads area saw growth in new home listings, pending sales and settled sales in May 2021 compared to May 2020, the Real Estate Information Network Inc. reported in its monthly update on the region. All new listings (listed three days or less) were up 24.74% year-over-year in May, and settled sales saw a […]
McLean shopping center purchased for $32.1M
Federal Realty Investment Trust has purchased an 80% interest in Chesterbrook Shopping Center in McLean for $32.1 million, after managing the property for almost 20 years. The Bethesda, Maryland-based REIT made the acquisition on April 30, which it announced last week. The nearly 90,000-square-foot shopping center at 6244 Old Do[...]
Two Henrico County buildings sell for $12.35M
Two commercial buildings in Henrico County were sold to Maryland-based Feldman Bergin Properties, Colliers International announced last week. According to county property records, Deep Run Business Centre I and II sold for $12.35 million. The 88,118-square-foot, two-building portfolio at 3955-3991 Deep Rock Road is 100% occupied[...]
Charlottesville property sold for $1.35 million
A Charlottesville warehouse and office building sold for $1.35 million, Cushman & Wakefield | Thalhimer announced last week. Lobban Place LLC purchased two acres of industrial-zoned land at 3325 Lobban Place, which includes a 7,080-square-foot building, from Sea Grove LLC. The purchaser plans to occupy the property, but other details were not disclosed. Reilly Marchant […]
