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Christiansburg industrial building sells for $6.5M
The former Dish Network call center in Christiansburg sold for $6.5 million, Poe & Cronk Real Estate Group announced last week. The 101,500-square-foot industrial building sits on more than 19 acres in Falling Branch Corporate Park at 400 Technology Drive. Motion control manufacturer Moog Inc. purchased the property in order[...]
Rush Street Gaming announces general contractor for Portsmouth casino
Rush Street Gaming, the developer and gaming operator for the upcoming $300 million Rivers Casino Portsmouth, announced Friday it has chosen a joint venture between Virginia Beach-based S.B. Ballard Construction Co. and Philadelphia, Mississippi-based Yates Construction as the resort casino’s general contractor. Ballard an[...]
Amazon reveals Arlington HQ2’s ‘Helix’ centerpiece
Despite lingering questions around when or how remote workers may return to office life following the pandemic, Amazon.com Inc. on Tuesday released fresh plans for the second phase of its $2.5 billion East Coast HQ2 headquarters in Arlington’s National Landing area, where it is gearing up to employ 25,000 people during the[...]
York County shopping center sells for $2.9M
A shopping center in York County sold for $2.9 million, Cushman & Wakefield | Thalhimer announced Tuesday. The 39,000-square-foot Town & Country Shopping Center is located at 465-469 and 473 Merrimac Trail and is fully leased to tenants including NAPA Auto, Family Dollar, Davita Dialysis, Eastside Church, The Wash Hous[...]
Co-working space opens in National Landing
A 39,000-square-foot Hana co-working space in National Landing — the stomping grounds of Amazon.com Inc.’s new East Coast headquarters, HQ2 — has opened, the CBRE Group subsidiary announced Friday. The building, located at 2451 Crystal Drive in Arlington, includes private office suites, conference and event space and c[...]
Four industrial buildings in Spotsylvania County sell for $14M
Four industrial buildings in Spotsylvania County sold for $14 million and will be redeveloped into an apartment complex, Cushman & Wakefield | Thalhimer announced Monday. The 495,830-square-foot, four-building Fredericksburg Industrial Park is located at 11800-11900 Main Street and 10857 Houser Drive in Spotsylvania County. [...]
Commercial real estate lease roundup
Northern Virginia Foundation Building Materials LLC leased 25,259 square feet of industrial space at 14920-14970 Farm Creek Drive in Woodbridge. Virgil G. Nelson of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the tenant. Johnson Roofing Systems Inc. expanded and renewed its lease of 6,000 square feet of industrial space at […]
Alexandria office building sells for $13.12M; to be converted to condos
An office building in Alexandria that sold for $13.12 million will be converted to condominiums, according to an announcement from Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc. Located at 801 N. Fairfax Street, the vacant four-story, 65,971-square-foot building will be converted to a 54-unit comp[...]
Demo work to start this month on Innovation Campus property
Demolition and infrastructure work is set to start this month at the Potomac Yard property where the $1 billion Virginia Tech Innovation Campus is set to be built, developer JBG Smith announced Thursday. Virginia Tech and Chevy Chase, Maryland-based real estate investment, management and development company JBG Smith, which is o[...]
Colliers International Virginia names new partner
Colliers International announced Tuesday that Jessica Butterworth has been appointed as a partner at Colliers International Virginia. Since 2018 Butterworth has served as the director of engineering services, a role in which she oversees building engineering services for the Colliers offices in Richmond, Charlottesville, Norfolk[...]
Three Henrico County office buildings sell for $19.2M total
Three office buildings in Henrico County collectively sold for $19.2 million, Colliers International announced Tuesday. The office buildings, known as the Midtown Office Portfolio, total 155,368 square feet. The buildings include One Holland Place (at 2235 Staples Mill Road) and Vistas I & II (at 5540 and 5516 Falmouth Str[...]
350-unit apartment complex coming to Richmond’s Scott’s Addition
A 350-unit mixed-use apartment building is coming to Richmond’s Scott’s Addition neighborhood by late 2022 or early 2023, Glen Allen-based real estate investment company Capital Square and Charleston, South Carolina-based real estate developer Greystar announced Thursday. Capital Square and Greystar purchased 2.28 ac[...]
