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Va. Beach apartment complex goes for $28.1M
Arbor Trace Apartment Homes, a Virginia Beach complex in the Oceanfront area, has sold for $28,175,000 to Hill Property Partners LLC, S.L. Nusbaum Realty Co. announced Monday. The neighborhood at 624 Suhtai Court is made up of 148 two-bedroom units, which will receive upgraded flooring and new appliances and fixtures. The commun[...]
Green Clean Express Auto Wash to open 20+ locations in Va.
Green Clean Express Auto Wash, a Norfolk business acquired by Ohio-based Express Wash Concepts in May, plans to open more than 20 car wash locations throughout Hampton Roads, Richmond and Charlottesville by the second quarter of 2022. As part of its expansion, Green Clean purchased an acre in Virginia Beach for $1,794,500, Cush[...]
Recent commercial real estate deals in Hampton Roads
The following commercial real estate deals in Hampton Roads were announced the week ending Sept. 17 by local firms. A multi-tenant retail condo at The Strand at 3244 Holland Road in Virginia Beach sold for $2.02 million. The 10,200-square-foot building was purchased by a private investment group that will occuply one of the exis[...]
Old Point Trust names new president and CEO
Hampton-based Old Point Trust & Financial Services has a new president and CEO, its parent company announced Thursday. A. Eric Kauders Jr., who led Bank of America’s $16 billion fiduciary business in three states, started his new job this week, succeeding Eugene M. Jordan II, now Old Point Financial Corp.’s gener[...]
Aery Aviation to add 211 jobs, expand Newport News HQ
Newport News-based defense contractor Aery Aviation LLC will add 211 jobs with the $15.3 million expansion of its headquarters in Newport News, Gov. Ralph Northam announced Tuesday. The aviation company will build a 60,000 square-foot hangar with access to the Newport News/Williamsburg International Airport runway and an engineering technology center to provide maintenance and modification […][...]
Bank of America names new Hampton Roads president
Francisco “Frank” Castellanos has been named the Hampton Roads region president for Bank of America, the bank announced Monday. Castellanos comes to Bank of America from Merill Lynch Wealth Management, where he was the market executive for greater Virginia and a market integration executive. He previously worked in B[...]
Del Taco expands to Virginia with 10 locations
California-based Del Taco Restaurants Inc. is expanding its taco empire into Virginia with 10 new locations, the company announced Monday. Del Taco signed a deal with Virginia Beach-based franchise group Virginia Taco. The nation’s second-largest Mexican quick service restaurant will have locations in Virginia Beach, Chesa[...]
Pamunkey Tribe names W.M. Jordan, Suffolk as Norfolk casino builders
Newport News-based construction company W.M. Jordan Co. will team up with a national firm, Suffolk, to build Norfolk’s $500 million HeadWaters Resort & Casino project on the Elizabeth River, according to a Friday announcement from the Pamunkey Indian Tribe, the casino’s operator. Suffolk, which earns $4 billion i[...]
Amazon opens career center, two distribution facilities in Hampton Roads
Amazon.com Inc. has launched a career center and two delivery stations in Hampton Roads, it announced Wednesday. The Amazon Career Center opened last week at 1989 S. Military Highway in Chesapeake and will serve as a hiring and orientation hub for Amazon’s facilities in Chesapeake, Suffolk, Norfolk, Hampton and Virginia Beach.[...]
Virginia Beach office building sells for $10.45M
A building in the Reflections Office Park in Virginia Beach sold for $10.45 million, Cushman & Wakefield | Thalhimer announced Monday. Built in 1999, the building, Reflections IV, is 79,946 square feet and sits on 4.51 acres. It is located at 2901 S. Lynnhaven Road, and its tenants include Timmons Group, RK&K, Midgett Pr[...]
Virginia Beach neighborhood center sells for $6.43M
A neighborhood shopping center in Virginia Beach sold for $6.43 million, Colliers’ Retail Investment Group announced last week. Located at 3208 Holland Road, the center, Buckner Plaza, is 63,500 square feet and sits on 5.48 acres. It is 95.4% leased and anchored by Food Lion and Dollar General. Food Lion has been a tenant sinc[...]
Virginia Beach restaurant building sells for $1.6M
A restaurant building in Virginia Beach sold for $1.6 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 1784 General Booth Blvd., the building is 5,105 square feet. Mahant Enterprise LLC bought the building from El Tapatio III for a Fuddruckers restaurant. Rob Wright with Thalhimer handled the sale on beh[...]
