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Inova to expand post-acute care at Mount Vernon hospital
Inova Health System is adding a Critical Illness Recovery Hospital (CIRH), also known as a long-term acute care facility, at Inova Mount Vernon Hospital in Alexandria. The service is for patients who require an extended stay with specialized clinical attention and support but no longer need the intensive care provided in an acute care hospital. […]
Custom Ink acquires corporate swag platform
Fairfax County-based online custom apparel company CustomInk LLC announced Monday that it had acquired New York City-based Swag.com, a platform for corporate swag and gifting. Financial terms of the transaction were not disclosed. “With Swag.com, we’ll help organizers and organizations meet the really important need [...]
Amazon to open East Coast supply chain hub in Stafford
Amazon.com Inc. will establish a new cross-dock fulfillment center in Stafford County, serving as an East Coast supply chain hub and creating 500 jobs, Virginia Gov. Ralph Northam announced Tuesday. The 630,000-square-foot facility at the Northern Virginia Gateway industrial site in Stafford will be responsible for the beginning[...]
Accenture Federal Services wins Greater Washington Government Contractor of the Year
The Northern Virginia Chamber of Commerce and Professional Services Council named Arlington-based Accenture Federal Services (AFS) the 2021 Greater Washington Government Contractor of the Year in the over $300 million category during their award ceremony last week. “I accept this honor on behalf of the 12,500 people who every [...]
MicroStrategy bought $420M more bitcoin in Q3
MicroStrategy Inc. purchased nearly 9,000 additional bitcoins in the third quarter for almost $420 million, according to a quarterly report the Tysons-based business software company filed with the U.S. Securities and Exchange Commission on Oct. 28. As of Sept. 30, MicroStrategy’s holds a total of 114,042 bitcoins, valued at $7.5 billion based on a price […]
Alexandria warehouse sells for $9M
Washington, D.C.-based Lee & Associates has brokered the $9 million sale of a 28,000-square-foot warehouse at 619 S. Pickett St. in Alexandria to Terreno Realty Corp. The 1.27-acre site is adjacent to the Van Dorn Street Metro station. Josh Simon, president of Lee & Associates | Washington, D.C., represented the seller[...]
Commercial real estate leasing roundup
The following lease transactions took place in Virginia through Nov. 8: Central Virginia Virginia Insurance Services Inc. leased 1,900 square feet at 1 Park West Circle in Chesterfield County. Tucker Dowdy and Jamie Galanti of Commonwealth Commercial Realty represented the landlord. Kala Brand Music Co. leased 29,342 square feet at 11223 Leadbetter Road in Hanover […]
Inova Ambulatory Surgical Center sells for $5.5M
The Inova Ambulatory Surgical Center in McLean has sold for $5.5 million, according to Cushman & Wakefield. The property was sold by Barlow Corp. to BAPPU LLC. The center includes two medical office condos totaling 9,925 square feet on the fourth floor of a larger medical office building totaling 70,055 square feet. The buil[...]
Woodbridge medical building sells for $5.2M
The Virginia Gastro Health Woodbridge building has sold for $5.2 million, according to Cushman & Wakefield. The 17,988-square-foot medical office building at 14010 Smoketown Road in Woodbridge is 92% leased to five tenants and anchored by Gastro Health. The building was renovated in 2010. It is located near Sentara Northern [...]
Recent commercial real estate transactions around Virginia
S.L. Nusbaum Realty announced that HM Management LLC has purchased a 35,355-square-foot former assisted living facility on 0.45 acres located at 501 N. Allen Ave. in Richmond from Care GSL Richmond PropCo LP for $3.5 million. Nathan Shor handled the transaction. Cushman & Wakefield | Thalhimer announced the sale of 3750 Progress Road in Norfolk. […]
GTT Communications files for Chapter 11 bankruptcy
McLean-based telecommunications company GTT Communications Inc. announced this week that the company and some subsidiaries had filed prepackaged Chapter 11 cases. The close of GTT’s estimated $2.15 billion sale of its infrastructure division to Miami-based I Squared Capital on Sept. 16 allowed GTT to move forward on its bankruptcy cases, which it and some subsidiaries […]
Blue Ridge Bank, FVCbank merger delayed
The merger of Charlottesville-based Blue Ridge Bankshares Inc., the parent company of Blue Ridge Bank, and Fairfax-based FVC Bankcorp Inc., the parent company of FVCbank, will be delayed, the companies announced this week. The two regional companies announced the merger, which would create a $5 billion combined company, on July 14. The expected closing at […]
