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Pipeline: Commercial Real Estate Round Up for 12.11.08
Thalhimer reports Classic Construction Exteriors purchased a 2,500 square feet office/warehouse building in the Crossroads Business Center at 11624 Busy Street in Chesterfield from DSST Holdings for $315,000. The exterior remodeling company is moving
Read More »Pipeline Commercial Real Estate Round Up for 12.5.08
CB Richard Ellis reports IES Commercial, Inc., a communication and electrical service company headquarted in Houston, leased 23,800 square feet on Lakeridge Parkway in Hanover County. The Richmond office will be moving from its
Read More »The Pipeline: Commercial Real Estate Round 11.21.08
Thalhimer reports that the Democratic Party of Virginia purchased a 15,000 square foot office building at 1710 East Franklin Street from Tinsman Holdings for $1.15 million. Harrison & Bates reports Jacobson Companies, a third
Read More »Pipeline Commercial Real Estate Round Up for 11.14.08
Thalhimer reports Kroger has leased 86,000 square feet at The Corner at Short Pump located at the corner of West Broad Street. and Lauderdale Drive. The 250,000 square feet shopping center recently broke ground
Read More »Pipeline Commercial Real Estate Round Up for 11.7.08
The City of Richmond purchased an animal shelter at 1600 Chamberlayne Ave. from the Richmond SPCA for $944,000. Kanawha Capital Management leased 5,500 square feet at 2235 Staples Mill Road, and Tristar Wholesale leased
Read More »Pipeline: commercial real estate roundup for 10.31.08
Morgata LLC purchased the medical office building at 8201 Atlee Road in Mechanicsville, VA, from Meadowbridge LLC for $1.6 million, or approximately $133 per square foot. Innovision Investment Group acquired the industrial property at
Read More »Office space getting cheaper
Richmond office vacancies continue to rise, which means prices are likely to fall. The vacancy rate in the central business district rose about 3.5% from the last quarter for a total rate of 13.5%,
Read More »State buys Main Street Centre for $49 million
The state of Virginia has purchased Main Street Centre for $48.8 million The 420,575 square foot Main Street Centre, located on the corner of 6th and E. Main Streets downtown, has been sold by
Read More »The Pipeline: Commercial Real Estate Roundup for 10.03.08
Jack P. Fine & Associates has purchased 7,000 sf at 2405 Chamberlayne Ave. in Richmond. The property is home to an Advance Auto Parts store. It was sold by Chamberlayne Developers for $1.56 million,
Read More »Pipeline: Commercial Real Estate Roundup 9.26.08
Doswell Hospitality LLC delivered the first of three hotels, called the Days Inn at Kings Dominion, in June. Doswell Hospitality sold the property to Sumtinath LLC for $3.2 million. Located at 16220 International St.,
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