hhgregg meets Richmond expectations

Retailer hhgregg’s entry into the Richmond market is going smoothly, according to a recently filed third quarter earnings statement. Read more

The Pipeline: Commercial Real Estate Round Up for 1.8.10

Thalhimer reports the following deals:

Cedar Broad Associates LLC purchased the 2.18 acre site at 18th and East Broad Streets in Richmond for $3.2 million from BAT Properties for the construction of a 204-unit multifamily project. (Read more about this here)

hhgregg leased 32,900 square feet at 820 Southpark Boulevard in Colonial Heights.

Vulcan Materials Company leased 12,360 square feet at Ironbridge Commons, 5601 Ironbridge Parkway in Chesterfield.

Advance Auto Parts Co., Inc. leased 6,710 square feet at Broad Street Plaza, 9900 W. Broad St., in Henrico.

Heritage Wealth Advisors leased 4,910 square feet at 901 E. Byrd Street in Richmond.

Medi-Weightloss Clinics leased 4,290 square feet at Grove Park I at Wyndham, 11551 Nuckols Road in Henrico County.  They plan to open in March of this year.

Thomasville Furniture leased 3,820 square feet at Deep Run Centre I, 3985 Deep Rock Road in Henrico.

Verizon Wireless leased 3,610 square feet at Wilton Square, 10828 W. Broad St. in Henrico.

Tip Thai Restaurant leased 3,100 square feet at Wistar Center, 8101 Staples Mill Road in Henrico.

American Home Patient Inc. leased 2,865 square feet at 425 Southlake Boulevard in Richmond.

Nine South Adams Association, LLC leased 2,370 square feet at 7 S. Adams Street in Richmond.

Carepoint Direct, LLC  leased 2,145 square feet at Reynolds Office Building, 6641 W. Broad St.in Henrico.

Ciao Pizza leased 1,720 square feet at Mountain Road Retail Shops, 1574 Mountain Rd, in  Henrico.

Alexander’s Fine Jewelry leased 1,620 square feet at 11966 Ironbridge Plaza in Chester.

Interlock Systems of Virginia, Inc. leased 1,500 square feet at 1901 Advantage Drive in Prince George County.

JAMS Management, LLC  leased 1,330 square feet at Shoppes at Willow Lawn in Henrico.

Virginia Adult & Pediatric Allergy & Asthma leased 1,000 square feet at 7605 Forest Avenue in Henrico.

Po Boys Tobacco, LLC leased 560 square feet at Rutland Commons, Rt. 301 & Atlee Road in Hanover.

Divaris reports the following deals:

EZ Tax Service leased 1,175 square feet at Best Buy Station – Laburnum Ave & Gay Street in Richmond.

Friendly Driving School leased 570 square feet at 8014 Midlothian Turnpike in Chesterfield.

Network Data Solutions leased 620 square feet at 8734 Landmark Road in Richmond,

Toe Tapping Shoes leased 1,400 square feet at Brookhill Azalea at Chamberlayne Road and Azalea Avenue in Richmond

CB Richard Ellis is pleased to announce the following deals:

Capital One Services, Inc. renewed their lease of 77,045 square feet at 120 East Shore Drive in Henrico for two years.

Allied Pallet Company leased 26,190 square feet at 1401 Ingram Street in Richmond.

Grubb & Ellis|Harrison & Bates reports the following deals:

P. T. O’Malley Lumber Company, Inc. purchased a 156,485-square-foot manufacturing facility on 92.58 acres in Essex County for $1,250,000.

Colonial Management Group leased 6,300 square feet at 2010 Bremo Road in Henrico.

Heritage Chem-Dry leased 3,600 square feet  at 11233 Washington Highway in Hanover.

Gallagher-Bassett Services, Inc. 3,000 square feet at 804 Moorefield Park Drive in Chesterfield.

Gustav Horsey, DDS leased 2,825 square feet at 4106 E. Parham Road in Henrico.

Chanello’s Pizza leased 1,520 square feet at Stonewall Square Shopping Center in Hanover.

Liberty Property reports the following deals:

Eastern Martial Arts Center leased 4,460 square feet of flex space at Eastport I, 5616 Eastport Boulevard in Henrico.

Commonwealth Commercial reports the following deals:

Xenith Bank leased 7,025 square feet at 1011 Boulder Springs Drive in Chesterfield.

Gallagher Bassett Services leased 3,050 square feet at 804 Moorefield Park Drive in Chesterfield.

Another hhgregg coming to a former Circuit City

Indianapolis-based retailer hhgregg is taking another Circuit City location, this time in Colonial Heights. Read more

A slew of new shops in Short Pump

A handful of new retailers have recently opened their doors around the Short Pump area. HomeGoods opened Sunday morning at West Broad Village. The highly-anticipated discount home accessories retailer was packed with eager shoppers through the afternoon.

Teavana, a highly-specialized retailer carrying over 100 kinds of teas from around the world, including India, Nepal and Japan, has opened on the lower level of Short Pump Town Center, near Firebird’s. The store also carries a variety of teapots and other related products.

Crazy 8, a new concept from children’s retailer Gymboree, has also recently opened in the mall, offering discount children’s clothing and accessories.

A third new tenant at Short Pump Town Center is Fast-Fix Jewelry & Watch Repairs, offering watch and jewelry repair, cleaning and battery replacement, plus key duplication and other services.

Electronics retailer hhgregg will be the next new tenant at the mall, scheduled to open around Thanksgiving in the former Circuit City outparcel next to Chipotle.

This article orginal appeared on DowntownShortPump.com, an RBS news partner.

hhgregg plans to hire 80

Electronics retailer hhgregg announced plans to hire about 80 people to work at its two new stores in Richmond.

Both locations were once occupied by Circuit City  stores, one near Short Pump Town Center and the other by Chesterfield Towne Center. The stores will open this fall.

The company is seeking sales associates, warehouse staff, customer service merchandisers and managers in training. Applications will be accepted at the Hotel Sierra at 11800 West Broad St. between Oct. 5 and Oct. 17, Monday through Friday from 9 a.m. to 6 p.m., and Saturday from 9 a.m. to 2 p.m.

hhgregg moving into Short Pump and Chesterfield Circuit City locations

The iconic round red signs are still up, but not for long. Read more

Do I hear $10 million for firedog?

The rest of Circuit City’s intellectual property, including the firedog brand and a database of 30 million customer contacts, is going on the auction block Aug. 18. And it may reap more than the $14 million that the Circuit City name fetched at auction earlier this year. Read more

New retailer swoops in to fill Circuit City void

A major electronics retailer is opening multiple stores in Richmond, possibly taking over some locations left behind by Circuit City.

Indianapolis-based HHGregg announced Wednesday they planned to open up to 22 stores over the next year, most of which will be located in Richmond; Tampa, Fla.; and Memphis Tenn. The company did not say exactly where those stores would be located.

One reported location will be at Hancock Village in Chesterfield County.

Developer Doug Horack told the Chesterfield Observer last August that HHGregg would take over the 30,000 square foot store that was originally slated to be a Circuit City location.

From the HHGregg press release:
During the past year, competitive dynamics within the consumer electronics industry and the real estate landscape have changed considerably, with a major competitor exiting the market and substantial real estate availability in both new and existing markets.

BizSense could not reach a representative of the company to confirm how many employees they may hire here, but a recently opened store in Wilmington, North Carolina hired about 45 part and full-time workers.
HHGregg started as small appliance shop in 1955 in Indianapolis. It is still operated by the Gregg family and today has 112 stores located throughout the South and parts of the Mid West. In addition to selling electronics it also sells appliances, mattresses, and luggage.

BizSense has been unable to confirm if HHGregg plans to take over any of the six Circuit City stores around town, but brokers are reported to have been marketing the properties to them since they became available.
The expanding retailer has already moved into former Circuit City stores in Indiana, Tennesse, Ohio and Mississippi.

HHGregg accelerated its expansion once Circuit City collapsed. The company also gave away $50 gift cards towards purchase over $299 in exchange for defunct Circuit City gift cards and credit cards of the same value. It repeatedly extended the deadline for that promotion from February to April and as recently as May 31.

Watch More:
See our most popular video of going-out-of-business sale at Circuit City’s Headquarters here.

Al Harris covers commercial real estate for BizSense. Please send news tips to Al@richmondbizsense.com.