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The Breeden Co. starts construction on $70M waterfront apartment complex
Virginia Beach-based real estate developers The Breeden Co. began construction this week on a $70 million waterfront apartment complex in the Fort Norfolk area. The Lofts at Front Street will include a 258-unit, five-story apartment complex with studio, one-, two- and three-bedroom units, an internal parking garage and a pedestr[...]
Chester shopping center sells for $4.04M
A shopping center in Chester has sold for $4.04 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday. The strip mall, Centralia Crossing, is located at 9801 Chester Road and its anchor tenant is Food Lion, which recently extended its lease. The property sold by Berman Kappler Properties was [...]
Va. Beach commercial real estate development company names president
Virginia Beach-based The Runnymede Corp. announced Friday it has named Matthew Fine as president of the family-owned commercial real estate development company. Fine has been on the company’s board of directors for 30 years and managed a Hampton Roads portfolio for 20 years. He is also a founding director of Townebank Norfolk [...]
Stafford office building sells for nearly $15M
An office building in Stafford sold for $14.725 million, real estate company Colliers International announced Wednesday. The buyer is confidential, according to Colliers, and Stafford property records have yet to release the updated ownership. Golden Eagle Group was the previous owner, having bought the building in June 2018 f[...]
Former Ruby Tuesday location to become Generac store
A former Ruby Tuesday in Henrico County has sold for $1.9 million, Cushman & Wakefield | Thalhimer announced Tuesday. The 5,451-square-foot property is located at 9830 W. Broad St. and sits on just more than an acre of land. Morrison Restaurants Inc. purchased the property in August 1993 and the restaurant was built in 1994,[...]
Va. Beach real estate investment company names new managing principal, CIO
Virginia Beach-based real estate investment company Croatan Investments announced Monday that Eric Smith will serve as its new managing principal and chief investment officer. Smith was most recently the chief operating officer and CIO at Armada Hoffler Properties, also in Virginia Beach. During his career, he’s worked with [...]
Former Tailored Brands warehouse in Richmond sells for $2.2M
A former Tailored Brands warehouse in Richmond sold for $2.2 million, Cushman & Wakefield | Thalhimer announced Tuesday. The warehouse is located at 3215 Williamsburg Road in the city of Richmond. Richmond-based D1 Moving LLC purchased the 52,500-square-foot facility, which sits on nearly 6 acres of land. D1 Moving, which [...]
Roanoke apartments sell for $2.3M
The West End Flats apartments in Roanoke has sold for $2.3 million, Roanoke-based Waldvogel Commercial Properties Inc. announced Monday. The apartment complex includes 24 one-bedroom, one-bathroom apartments and A Few Old Goats microbrewery, which is located at 515 8th St. SW. The transaction closed on April 10. The property[...]
Harrisonburg Dairy Queen sells for $1.15M
A Dairy Queen Grill & Chill in Harrisonburg sold for $1.15 million, Denver-based Blue West Capital announced Thursday. Dairy Queen was the only tenant leased to the property at 78 S. Carlton Street in Harrisonburg. The property sold as a sale-leaseback. The Dairy Queen franchisee will still be able to use the building, but w[...]
Former IKEA warehouse sells for $3.85M in Pittsylvania
A 152,379-square-foot warehouse and distribution facility formerly used by IKEA in Pittsylvania County’s Ringgold area sold for $3.85 million, Cushman & Wakefield | Thalhimer announced Monday. Rick Barker Properties LLC purchased the facility located at 240 Factory Lane — approximately six miles outside of Danville. [...]
Five-story apartment complex to be built in Henrico County
A five-story apartment complex will be built at the intersection of Maywill and Thalbro Streets in Henrico County, Cushman & Wakefield | Thalhimer announced Tuesday. Bristol Maywill Partners LLC purchased the 2.1 acres of land for $2 million from 2001 Maywill LLC. The apartment complex will be part of a mixed-use developme[...]
Student housing community to be built near Virginia Tech
A 517,000-square-foot student housing community will be built near Virginia Tech, New York City-based Eyzenberg & Co. announced Thursday. Financial terms of the development have not been disclosed. Charleston, South Carolina-based real estate developer Greystar will develop the 424-unit property on a 11.5-acre lot at 100[...]
