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Portsmouth industrial contractor buys parcel for $2.55M
Portsmouth-based general contracting firm W.F Magann Corp. purchased the final four acres of what was formerly a 44-acre major industrial parcel in Portsmouth for $2.55 million, real estate company Colliers International announced this week. Magann specializes in heavy marine, industrial and concrete construction. The site at 3340 W. Norfolk Rd. is located one mile from […]
Oyster Point Park property in Newport News sells for $1.08M
A property in Newport News’ Oyster Point Park was sold for $1.08 million, Cushman & Wakefield | Thalhimer announced this week. BH Commercial Properties LLC bought the 15,118-square-foot office/warehouse building at 812 City Center Blvd. from Chesterfield Properties LLC, operating as Extreme Restoration Inc. The 52-acre[...]
Former Dick’s Sporting Goods store in Fredericksburg sells for $2.6M
The site of a former Dick’s Sporting Goods Inc. store in Fredericksburg was sold for $2.6 million, Cushman & Wakefield | Thalhimer announced this week. DWMK LLC purchased the 50,227-square-foot retail store from AEI Income and Growth Fund, 23 LLC. The store closed in January 2017 and has since been vacant. The building sits on […]
Norfolk office building sells for $4.1M
Norfolk-based Azalea 888 LLC purchased a two-story office building in Norfolk Industrial Park for $4.1 million, Cushman & Wakefield | Thalhimer announced Wednesday. Azalea 888 purchased the property at 1151 Azalea Garden Rd. from Roseville, Calif.-based Asset Preservation Inc. in a deal that closed on Jan. 7. The 54,986-sq[...]
Richmond commercial property sells for $1.8M
Commercial parcels in the Scott’s Addition neighborhood in Richmond sold for $1.8 million, Virginia Beach-based Divaris Real Estate Inc. announced Wednesday. Capital Square 1031 LLC purchased 21,700 square feet (0.5 acres) located at 3001-3009 W. Leigh St. in Richmond from Cash Properties to build a three-building mixed-use complex. Based in Glen Allen, Capital Square specializes […]
Retail building sells for $3.45M in Roanoke
A retail building in Roanoke occupied by Ollie’s Bargain Outlet has sold for $3.45 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. The building was previously occupied by Toys “R” Us until Ollie’s, a Pennsylvania-based discount retail chain, took over the lease in 2018. The 45,00[...]
Spotsylvania shopping center sells for $2.55M
Fairfax-based Yims Icon Property LLC purchased Lee’s Hill Retail Center in Spotsylvania County for $2.55 million, Cushman & Wakefield | Thalhimer announced Tuesday. The retail center located at 10651-10673 Spotsylvania Ave. was fully leased at the time of the purchase. The 14,500-square-foot property sits on 1.85 acres of [...]
Hampton retail property sells for $2.2M
Hampton-based Long76W LLC bought a 12,752-square-foot retail property in Hampton for $2.2 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The property was 100% leased to Safelite Auto Glass and West Marine at the time of the sale of 2121 W. Mercury Blvd., and was owned by Virginia Beach-b[...]
InMotion Hosting buys Va. Beach offices for $8.5M
Web hosting company InMotion Hosting has purchased a Virginia Beach office building previously occupied by Stratford University for $8.5 million, Cushman & Wakefield | Thalhimer announced Monday. InMotion Hosting bought the a 61,528-square-foot class A office property from Campus Realty Virginia Beach LLC. The for-profit S[...]
Henrico retail center sells for $4.35M
The Wistar Center strip mall in Henrico County was sold for $4.35 million to Washington, D.C.-based Fernau LeBlanc Investment Partners, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Fernau LeBlanc acquired the property on Dec. 23 from Miami-based Larkspur Properties. The property was 86% leased [...]
Roanoke accounting firm acquires real estate title firm
Roanoke-based accounting firm Brown Edwards acquired Salem-based Covenant Real Estate Services LLC as of Jan. 1, Brown Edwards announced Monday. Financial terms of the deal have not been disclosed. Covenant was founded by Roger Kronau and Jerry Dunnavant, and both will serve in leadership positions under the acquisition. Kronau will continue his work as the […]
Shamin Hotels buys Richmond Times-Dispatch building for $14.4M
Chester-based Shamin Hotels has bought the Richmond Times-Dispatch building in downtown Richmond for $14.462 million from a Berkshire Hathaway Inc. subsidiary, Shamin President and CEO Neil Amin confirmed on Thursday. Shamin Hotels will be moving its headquarters into the four-story, 172,110-square-foot building at 300 East Grac[...]
