Circuit City HQ returned to lender
The former headquarters for defunct electronics giant Circuit City is back in the hands of the lender.
The 288,560-square-foot office building at 9950 Mayland Drive (one of two they had) was owned by New York-based Lexington Realty Trust. Read more
Richmond’s piece of the coming commercial real estate shakedown
April 1, 2009 by Al Harris · 4 Comments
Riverside on the James, Richmond’s FBI Headquarters on Parham, a former Circuit City headquarters building.
All three are among the local properties that have large commercial mortgages coming due in the next two years. Between now and the end of 2010, there are 27 CMBS loans coming due in the Richmond metropolitan area with $178.2 million owed when they mature, according to commercial real estate tracking firm Trepp. Read more
