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Real Estate

Dec 16, 2020

Renovation of Amazon office building completed in Arlington

A newly renovated 14-story office building in National Landing is ready for Amazon.com Inc. employees to move in, developer JBG Smith announced Wednesday. The revamp of the 273,000-square-foot space at 1770 Crystal Drive, which is mostly leased by the e-tail giant, was finished two quarters early and under its $80 million propos[...]

Map of ICI Group Cos. and Boosalis Properties' North Woodbridge Small Area Plan. Photo courtesy Boosalis Properties
Dec 16, 2020

$380M mixed-use development coming to North Woodbridge

A new $380 million mixed-use development is coming to North Woodbridge in Prince William County, the IDI Group Cos. and Boosalis Properties announced Wednesday. The North Woodbridge Town Center project will include 160,000 square feet of retail space, restaurants, bars, grocery stores as well as 900 apartment units. It will be b[...]

2506 58th Street
Dec 11, 2020

Hampton industrial building sells for $1.85M

An industrial building in Hampton has sold for $1.85 million, Cushman & Wakefield | Thalhimer announced Monday. The 39,200-square-foot property is located at 2506 58th St. The property is vacant, but the buyer, Reuter 58 LLC, will occupy the building, says Clay Culbreth of Cushman & Wakefield | Thalhimer. Industrial Prop[...]

Dec 11, 2020

Land in Portsmouth sells for $1.05M

A 0.75-acre plot of land sold in Portsmouth for development of a car wash location, Cushman & Wakefield | Thalhimer announced Tuesday. Green Clean Holdings purchased the land located at 5820 High St. from Chesapeake-based Parker Burnell Real Estate Group for $1.05 million. The buyer plans to develop its ninth Hampton Roads Green Clean Auto […]

Adbel Business Village. Photo courtesy Cushman & Wakefield | Thalhimer
Dec 7, 2020

Chesterfield industrial building sells for $2.77M

An industrial building in Chesterfield County sold for $2.77 million, Cushman & Wakefield | Thalhimer announced last week. Located at 8801-8899 Whitepine Road, the 28,600-square-foot Adbel Business Village sits on 4.1 acres. SMW Warehouses LLC purchased the property from Harrison & Hine LLC as an investment.  Constructe[...]

Beth Dalton. Photo courtesy Virginia Realtors
Dec 7, 2020

Virginia Realtors installs 2021 president

Virginia Realtors announced last week it has installed Beth Dalton as the association’s 2021 president. Dalton earned her sales license in 2003 and her associate broker’s license in 2010. She has served as Long & Foster’s managing broker for the Tuckahoe and Centerpointe offices in the Richmond area since 2019, and[...]

Fountain Square building. Photo courtesy Cushman & Wakefield | Thalhimer
Dec 7, 2020

Roanoke medical office building sells for $1.3M

A medical office building in Roanoke sold for $1.3 million, Cushman & Wakefield | Thalhimer announced last week. The 27,363-square-foot, three-story Fountain Square building sold to Fountain Square Partners LLC from Johnson Family Investments Corp. The building is located at 1315 2nd Street SW and was constructed in 1973, ac[...]

Art Zachary. Photo courtesy Rose & Womble
Dec 7, 2020

Rose & Womble president/CEO to retire in June 2021

Virginia Beach-based real estate company Rose & Womble Realty Co. announced last week that its president and CEO, Art Zachary, will retire in June 2021. Zachary started with the company in June 1970. It became Rose & Womble in June 1998. He will continue to serve as chairman of the board and work with the […]

GreenCity rendering courtesy Henrico County
Dec 1, 2020

Henrico County announces $2.3B GreenCity arena project

Henrico County officials announced Tuesday plans for a $2.3 billion arena-anchored development, born out of the failed Navy Hill project proposal for downtown Richmond. But with private financing and no projected impact on county taxpayers, the GreenCity development may have a smoother path.  Proposed on the 204-acre former Bes[...]

Nov 30, 2020

The Branch Group names new CEO

The Branch Group Inc. announced Monday that Donald “Don” Graul will take over as CEO of the Roanoke-based construction company on Dec. 14. With 38 years of industry experience, Graul most recently served as president of construction and connected communities for Centreville-based Parsons Corp. Graul held several roles at Parsons, including executive vice president of […]

Nov 30, 2020

Richmond office/retail building sells for $2.1M

A 9,492-square-foot building in Richmond has sold for $2,125,000, Cushman & Wakefield | Thalhimer announced Monday. Across West Broad Street from the Scott’s Addition neighborhood, the office/retail property at 3013-3015 Cutshaw Ave., purchased by 3001 Cutshaw LLC from 3015 Cutshaw Ave LLC, will be converted to an even[...]

Governor's Inn vignette courtesy Cushman & Wakefield | Thalhimer.
Nov 30, 2020

Governor’s Inn in Williamsburg sells for $3.05M

The Governor’s Inn, a former 200-room hotel in Colonial Williamsburg, sold for $3.05 million, Cushman & Wakefield | Thalhimer announced last week. Charlottesville-based real estate investment company Castle Development Partners LLC purchased the property from The Colonial Williamsburg Foundation and plans to raze the prope[...]

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