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Park West office building in Va. Beach sells for $6.75M
A three-story office building in Virginia Beach sold for $6.75 million, real estate company Colliers International announced Tuesday. The 66,062-square-foot building developed in 1989 is located at 2877 Guardian Lane was sold by Park West Owner LLC to Guardian Lane West LLC. The property is located less than a mile from Intersta[...]
Pulaski shopping center sells for $5.25M
A 112,340-square-foot retail center in Pulaski was sold for $5.25 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The shopping center located at 1200 E. Main St. in Pulaski was 91% leased at the time of the sale. Tenants of Pulaski Plaza include Food Lion, Peebles, Badcock Furniture, [...]
Changing times
Town houses and apartments, storefronts and restaurants, grassy medians, pocket parks, sidewalks everywhere. Doesn’t this look a lot like a downtown? Picking up his mail in slippers and shorts on a brisk January day, Tandy Harris pauses to consider the question. “It does,” he agrees. “It’s got all the bells and[...]
Roanoke office park sells for $3.2M
The Northpark Business Center in Roanoke County sold for $3.2 million on Feb. 17, Roanoke-based Waldvogel Commercial Properties Inc. announced this week. The 34,318-square-foot office park is located at 6701-6711 Peters Creek Road and was sold by Mechanical Development Co. Inc. The property consists of two single-story buildings that were more than 50% occupied at […]
Bedford shopping center sells for $8.4M
A shopping center in Bedford has sold for $8.4 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Bedford Plaza is a 112,649-square-foot retail center that has tenants including Dollar Tree, Goodwill, Tractor Supply, Virginia ABC, the Virginia Department of Motor Vehicles, among restaura[...]
Amazon signs lease on PBS HQ space in Arlington
Amazon.com Inc. has signed a lease with its HQ2 landlord and developer JBG Smith Properties for a 272,000-square-feet building in Arlington that has served as the headquarters for the Public Broadcasting Service (PBS) since 2006. The e-commerce giant expects to move into the space at 2100 Crystal Drive by the end of 2020. PBS will […]
$32.4M apartment complex coming to Scott’s Addition
A $32.4 million, 350-unit apartment complex will be built in the Scott’s Addition neighborhood in Richmond, Glen Allen-based real estate investment group Capital Square 1031 announced Tuesday. The project will be developed by CSRA/GS Opportunity Zone V LLC at 1601 Roseneath Road, which is a designated opportunity zone in t[...]
Building in Ashland’s Northlake Business Park sells for $9.1M
The Creative Office Environments building in Ashland has sold for $9.1 million to New York City-based One Liberty Properties Inc., Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. The 88,003-square-foot property is located at 11798 N. Lakeridge Parkway in Ashland and is the headquarters for wo[...]
Tryko Partners acquires three Va. nursing facilities
New Jersey-based property management company Tryko Partners LLC has acquired three Cambridge Healthcare Services nursing facilities in Virginia and plans to invest approximately $9 million in renovations and programming at the facilities, Tryko announced Monday. Financial terms of the transaction were not disclosed. The faciliti[...]
Reston-based Stanley-Martin to acquire Essex Homes
Reston-based construction company Stanley-Martin Communities LLC will acquire the home-building assets of Lexington, South Carolina-based home-building company Essex Homes in North Carolina and South Carolina in a deal expected to close by the end of the month. Financial terms of the transaction were not disclosed. Stanley-Martin — a subsidiary of a Japanese firm, Daiwa House […]
Bill allows renters to make certain repairs if landlord doesn’t respond
CORRECTION: THIS WIRE STORY HAS BEEN UPDATED. The original version incorrectly stated the party affiliation of state Sen. John Bell. RICHMOND, Va. — A bill that gives tenants the power to make repairs on their property and deduct the costs from their rent, with conditions, recently passed the Virginia Senate and is expecte[...]
Former Va. Dept. of Emergency Management building sells for $2.7M
The former headquarters of the Virginia Department of Emergency Management (VDEM) has sold for $2.7 million to Trade Court Associates LLC, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International. The two-story, 31,825-square-foot building is located on Trade[...]
