realestate

Commercial Real Estate Market Update: Key Trends & Insights

Two Medical Office Condos Sell for $6M in Mechanicsville; 19K SF Lease Reported in Henrico.

T
OP THREE SALES

    #1 A partnership led by Stanley Shield sold two medical office condos on Right Flank Road in Mechanicsville to Montecito Medical Real Estate for $6.425 million. Cushman & Wakefield | Thalhimer's Catharine Spangler and Birck Turnbull represented the seller.

    #2 JAMSS LLC acquired 4,224 square feet at Sommerville Court in Chesterfield from RKKCC for $1.035 million. Commonwealth Commercial Partners' Tucker Dowdy and Sam Edwards represented the seller.

    #3 Nuckols Property purchased 3,783 square feet on Nuckols Road in Henrico from Kaylan Plaza for $1.025 million. Eric Hammond and Tucker Dowdy with Commonwealth Commercial Partners represented the seller.

    TOP THREE LEASES

    #1 Planet Fitness leased 19,286 square feet at West Broad Street in Henrico. Cushman & Wakefield | Thalhimer's James Ashby IV and Nicki Jassy represented the tenant.

    #2 O'Reilly Auto Parts expanded its lease to 32,799 square feet at Glenside Drive in Henrico. Alex T. Wotring and James Ashby IV with Cushman & Wakefield | Thalhimer represented the landlord.

    #3 The Collective Hospitality Group leased 7,800 square feet on Virginia Street in Richmond. Reilly Marchant with Cushman & Wakefield | Thalhimer represented the landlord.

    Recent Deals

    Mungo Homes leased 7,231 square feet at Telegraph Road in Henrico. Amy J. Broderick and Kate Hosko represented the landlord.

    Dinner RVA Party leased 2,220 square feet on West Cary Street in Richmond. James Ashby IV represented the landlord.

    Marco's Pizza leased 2,000 square feet at Iron Bridge Place in Chesterfield. Reilly Marchant represented the tenant.

    Divaris Real Estate reports:

    Golden Steps ABA leased 4,424 square feet at Chamberlayne Avenue in Richmond. Read Good represented the landlord.

    Circle of Wellness expanded to 3,351 square feet on Midlothian Turnpike in Chesterfield. Chris Messersmith represented the landlord.

    Have Site Will Travel reports:

    Moving Made Easy leased 2,450 square feet at Charles City Circle in Henrico. John Jay Schwartz represented the tenant.

    Commonwealth Commercial Partners reports:

    Calyx LLC purchased 3,450 square feet on West Clay Street in Richmond for $800,000 from Robert Finley Hopper IV and Hopper Revocable Family Trust. Colton Konvicka represented the buyer.

    Colliers reports:

    Shepherd Electric Co. expanded to 85,750 square feet at Ashton Creek Park Drive in Chesterfield. Wood Thornton, Frank Hargrove, and Rob Dirom represented the landlord.

    Eastwood Homes of Richmond expanded to 8,403 square feet on Midlothian Turnpike in Chesterfield. Gray Bryant and Catherine Walker represented the landlord.

    One South Commercial reports:

    FCN Properties purchased six units at Jefferson Street in Petersburg for $685,000. Ann Schweitzer Riley and Justin Sledd represented the seller.

    Anthony DeConti purchased 3,822 square feet on West Clay Street in Richmond for $800,000. Justin Sledd and Tom Rosman represented the seller.

    Brook Road Investors purchased 1.33 acres at Brook Road in Henrico for $724,000. Ken Campbell represented the purchaser.

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