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Henrico County restaurant property sells for $2.74M
A restaurant property in Henrico County, located on the outskirts of Regency Mall, has sold for $2.74 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The 3,615-square-foot property is fully leased to First Watch Restaurants Inc., which has a 10-year lease. The property is an outparcel[...]
Last remaining corner plot in Henrico County’s Short Pump sells for $5.85M
The last remaining corner plot of land in Henrico County’s Short Pump area has sold for $5.85 million, Cushman & Wakefield | Thalhimer’s Mark E. Douglas said. Located at 12120 W. Broad St., the 12.27 acre vacant, wooded lot is less than one mile from West Broad Marketplace, a shopping center with anchor tenants including […]
Va. Beach contractor lands $782M Navy contract
Navy veteran Terry Spitzer has dedicated much of his career to manufacturing equipment to be used by his former U.S. Armed Forces branch. In April, Global Technical Systems (GTS), the Virginia Beach-based company Spitzer and his wife, Yusun, co-founded in 1997, landed a $782 million contract to manufacture equipment for the Navy[...]
Ice age
As the Port of Virginia expands its terminals, it’s prompted warehousing and logistics firms to also create space for more imported and exported goods. One of the largest areas of recent growth has been in the refrigerated storage industry. Here are some of the highlights: Preferred Freezer Services In April 2019, Preferre[...]
High-rise horizon
The numbers are mind-boggling. During the next decade, Amazon.com Inc. plans to develop about 6 million square feet of office space in Arlington County’s Crystal City, Pentagon City and Potomac Yard areas to accommodate the mammoth e-tailer’s new HQ2 East Coast headquarters. That’s almost as large as the bigges[...]
A watershed moment
Only a few months ago, the economies of the historic port city of Norfolk and the greater Hampton Roads region, with which it is inextricably intertwined, were continuing to rebound after emerging from what Old Dominion University’s 2019 State of the Region report has called “the lost decade.” During the period from 20[...]
Norfolk real estate company promotes exec to regional VP
Norfolk-based real estate company S.L. Nusbaum Realty Co. announced Wednesday that it has promoted Debbie Franco to regional vice president. Franco was most recently the regional property manager at the firm, covering the Northern Virginia region. She started her career in real estate at the firm in 2002 as a leasing agent and[...]
Industrial building sells for $2.5M in Richmond
An industrial building in Richmond sold for $2.5 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 2400 Maury St. in Richmond’s Manchester area, the 19,156-square-foot building sits on more than 9 acres of land. The building was previously leased to Esf Trailer Systems LLC, which sold cargo and fl[...]
Va. Beach real estate company names marketing director
Virginia Beach-based real estate company Rose & Womble Realty Co. and its property management arm, Rose & Womble Chandler Property Management announced Monday that it has hired Jennifer L. Mueller as its director of marketing. Mueller was most recently the national account manager for Norfolk-based digital marketing co[...]
Glen Allen-based real estate investment company names regional VP
Glen Allen-based real estate investment company Capital Square announced Monday that it has named Marc Meunier as regional vice president. He will be responsible for sales in the company’s northeast territory. Meunier was most recently the regional vice president for California-based SmartStop Asset Management LLC. In his [...]
Suffolk office building sells for $8.5M
An office building in Suffolk sold for $8.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 7025 Harbour View Blvd. in Bridgeway Commerce Park, Bridgeway Technology Center I is a 123,407-square-foot, single-story office building sitting on 16.03 acres. The office buildi[...]
Pandemic housing market has fewer sellers, higher sales prices
Virginia Business virtually sat down with Larry “Boomer” Foster, president of Long & Foster Real Estate, to get the current pulse on the real estate market in Virginia. The most recent data published was reflective of March real estate transactions in Northern Virginia, but Foster shared insight from the most up-to-date [...]
