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Henrico shopping center sells for $21.7M
The Colonnades West shopping center in Glen Allen was sold to Quebec, Canada-based Colterra Capital Corp. for $21.76 million, Divaris Real Estate Inc. announced Thursday. Located on 14.73 acres of land, Colonnades West is 97.5% leased to anchor tenants Ross Dress for Less, Marshall’s, Office Max and Shoe Carnival. The 136,082-[...]
Richmond property sells for $2.75M
Richmond-area developers Louis Salomonsky and David White of SWA Construction Inc. sold a 0.75-acre property across from the Lucky Strike Building in the city’s Libby Hill area for $2.75 million, Commonwealth Commercial Partners LLC (CCP) announced Monday. The site is part of a three-parcel purchase of vacant land along East Main and Pear streets. Bruce Milam, […]
Pharrell Williams-backed surf park on its way
After almost a year of negotiations, Virginia Beach City Council has struck a deal with Venture Realty Group to develop a mixed-use surf park and entertainment venue covering three city blocks near the oceanfront. Called Atlantic Park, the $325 million project will be built on the 10-acre site of The Dome, the geodesic concert v[...]
Deep-water terminal sold for $8.15 million
A 55-acre deep-water terminal in Chesapeake has been sold to Norfolk-based Ruth Industrial LLC for $8.15 million, Cushman & Wakefield | Thalhimer announced this week. The property at 700 Rosemont Ave. includes about 60,000 square feet of industrial space and a 400-foot concrete pier. The seller is OEP Rosemont LLC, based in [...]
Retail mall in Henrico sells for $6.3M
The Virginia Center Parkway strip mall in Henrico County was sold for $6.3 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. JDJR Central LLC bought the 24,400-square-foot property located on Brook Road that is 100% leased to seven tenants. Tenants include Chipotle, Mattress Firm and Anyti[...]
Henrico industrial park sells for $6.4M
Parham Forest Industrial Park in Henrico County has sold for more than $6.4 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Richmond-based Remuda Forest Investment Company LLC bought the property, and was represented by Eric Robinson. Gregg W. Beck represented the buyer. Both Robinson and Beck are with Thalhimer’s Capital Markets Group. […]
Williamsburg shopping center purchased for $12.2M
Williamsburg shopping center Courthouse Commons has been purchased for $12.2 million by Baltimore-based Hamilton Park Limited Partnership, Harvey Lindsay Commercial Real Estate announced Tuesday. The 48,650 square-foot property located on Monticello Avenue near William & Mary is home to The Fresh Market, Starbucks, franchise exercise studio Pure Barre and smaller retailers. It was sold by […][...]
Colliers International names three new principals
Norfolk-based Colliers International Group Inc. has named three new principals in the firm, the company announced Monday. Donald Crigger, executive vice president, and George “Hank” Hankins, senior vice president, and Charles Wentworth, senior vice president, are now part owners of the commercial real estate firm. Crigger an[...]
Hampton Roads Realtor receives lifetime achievement award
The Hampton Roads Realtors Association presented Berkshire Hathaway HomeServices Towne Realty Chairman and CEO Barbara Wolcott with its 2019 HRRA Lifetime Achievement Award, the company announced Monday. The award is given to tenured HRRA association members who have made a recognizable and identifiable difference in multiple fa[...]
Breeden Construction tapped to build apartment complexes
Virginia Beach-based Breeden Construction LLC has been named general contractor for apartment complexes in Richmond, Hampton Roads and Northern Virginia valued at a total of approximately $105 million, Breeden announced this week. Construction began in fall 2019 on the Hampton Roads and Richmond properties and the Northern Virginia property will begin in early 2020. The […]
Richmond construction firm to build Blacksburg townhomes
Richmond-based Eagle Construction of Virginia is partnering with Midtown Redevelopment Partners in Blacksburg to build single-family townhomes at the site of what was formerly Blacksburg Middle School, Eagle announced Wednesday. The mixed-use community will be built on 30 acres adjacent to Blacksburg’s downtown area, but an overall cost for the project has not been released. […]
Richmond’s Market Villas apartments sells for $3.9M
Richmond real estate developer Lynx Ventures sold Market Villas, a 31-unit adaptive reuse apartment property, to real estate asset management firm CJehn Partners LLC for more than $3.9 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday. The property located in downtown Richmond’s historic Shockoe Bottom neighborhood includes first-floor retail space in close […][...]
