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Recent commercial real estate sales
Central Virginia Cushman & Wakefield | Thalhimer announced the sale of 3.89 acres of land on Lewistown Road at Lakeridge Parkway in Ashland. ARLS Properties LLC purchased the acreage from Craig Realty Group for $3 million for future retail development. David M. Smith of Cushman & Wakefield | Thalhimer represented the purchaser. Commonwealth Commercial Partners […]
Virginia wins $5M DOD grant to train shipbuilding workers
Virginia won a $5 million U.S. Department of Defense grant to train workers in defense manufacturing industries, particularly shipbuilding, in Danville and Hampton Roads, Gov. Ralph Northam announced Friday. The grant will go to the Virginia Defense Manufacturing Community, which brings together the Institute for Advanced Learning and Research in Southern Virginia and Old Dominion […]
Commercial real estate lease roundup
Hampton Roads Central Virginia Northern Virginia Hampton Roads Crossfire Logistics Inc. leased 61,700 square feet of industrial space at 5601 City Line Road in Newport News. Clay Culbreth of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the landlord. LaserShip leased 46,100 square feet of industrial space at 5465 Greenwich […]
Stihl Inc.’s U.S. president, sales VP exit company
The president of Stihl Inc.’s Virginia Beach-based U.S. operations, Bjoern Fischer, is leaving the chainsaw and power equipment manufacturer by mutual agreement Friday, according to an internal company memo obtained by Virginia Business. Also departing the German outdoor power equipment manufacturer is its vice president o[...]
Hampton Roads State of the Region report shows slow recovery
The Hampton Roads region is slowly recovering from pandemic-spurred economic distress but has lost a large chunk of its workforce, according to Old Dominion University’s Dragas Center for Economic Analysis & Policy’s 2021 State of the Region Report released Tuesday. Hampton Roads’ labor force and individual[...]
Sentara Healthcare names president of Suffolk hospital
David J. Masterson will become president of Sentara Obici Hospital in Suffolk on Nov. 8, Sentara Healthcare announced Wednesday. “I’m looking forward to being part of the community in Suffolk and Western Tidewater,” Masterson said in a statement. “It’s a fast-growing region and I want to help ensure that Sentar[...]
Bon Secours names new Hampton Roads market president
Bon Secours has named Pat Davis-Hagens as its new Hampton Roads market president, the health system announced Tuesday. Davis-Hagens is currently the president of The Jewish Hospital – Mercy Health, in Cincinnati, Ohio, a role she has held since 2014. Bon Secours is part of the Bon Secours Mercy Health system. She will relo[...]
Recent real estate sales from around Virginia
Central Virginia A 26,500-square-foot office building in Henrico County has sold for $1.95 million, Cushman & Wakefield | Thalhimer announced. The building is located at 8921 Three Chopt Road and was 81% leased at the time of the sale. Porter Street Holdings LLC bought the building from 8921 Three Chopt LLC. The transaction was completed […]
Five-building industrial portfolio sells for $9M
A five-building industrial portfolio with buildings in Harrisonburg, Chesterfield County, Newport News, Virginia Beach and Durham, North Carolina, sold for just over $9 million Thursday, Glen Allen-based commercial real estate firm Commonwealth Commercial Partners LLC (CCP) announced. ESAP LLC sold the portfolio to Drakadia Hold[...]
Colliers names new regional manager for Va., Raleigh brokerage
Colliers has named a new regional operations manager for its Virginia and Raleigh, North Carolina, offices, the commercial real estate company announced this week. Kristina Rodriguez, who will be based in Norfolk, will oversee the Colliers Virginia offices in Charlottesville, Fredericksburg, Richmond and Norfolk, along with the [...]
Multifamily residences sell in Suffolk, Norfolk
An apartment complex in Norfolk and a townhouse community in Suffolk both sold this week, Colliers Virginia announced Friday. Beamons Mill Townhomes, at 224 Beamons Mill Trail in Suffolk, was sold by Outlier Realty Capital to The Apartment Gallery for $9.15 million. The 55-unit townhome community was built in the early 2000s. Ea[...]
Newport News data analysis co. wins $100M GSA contract
Newport News-based professional services and data analysis company ITA International LLC won a $100 million contract from the U.S. General Services Administration to help defense agencies use data driven tools, it announced Thursday. Under the five-year Small Business Innovation Research phase III indefinite delivery, indefinite quantity contract, ITA will provide customized data visualization and analysis […][...]
