realestate

Commercial Real Estate Update: December 13, 2024 Edition

Downtown office building sells for $19M; 6,300-sq-ft Henrico lease tops local deals.

T
OP THREE SALES

    #1 Douglas Development Corp purchased 325,000 square feet at multiple locations on Cary St. and Main St. for $19.25 million from Dominion Energy. CBRE represented the seller.

    #2 T & W Properties sold 3,312 square feet at 11 S. Robinson St. in Richmond to DV Robinson LLC for $800,000. Porter Realty's Wilson Flohr represented the buyer.

    #3 One Parkwood purchased 4,376 square feet at multiple locations on N. Lombardy St. in Richmond for $615,000 from The Third J-M-J Corp. S.L. Nusbaum Realty's Elliot Warsof represented the buyer.

    TOP THREE LEASES

    #1 Old Republic Title leased 6,353 square feet at 1800 Bayberry Court Road in Henrico. CBRE represented the landlord.

    #2 Assessor & Associates dba Logo Company Apparel leased 4,370 square feet at 3963 Deep Rock Road in Henrico. Cushman & Wakefield | Thalhimer's Brian Felton represented the tenant.

    #3 Health Connect America leased 3,871 square feet at 4421 Cox Road in Henrico. Cushman & Wakefield | Thalhimer's Brian K. Berkey and Karla Knight represented the tenant.

    Taylor Long Properties reports:

    Cricket Wireless leased 810 square feet at 4382 S Laburnum Ave. in Henrico.

    Pets Now Urgent Care leased 2,215 square feet at 7061 Commons Plaza in Chesterfield.

    The Smoothie Spot leased 1,100 square feet at 1366 Gaskins Road in Henrico.

    Hanover Self Storage purchased 3.39 acres at 0 Mountain Road in Henrico for $385,000. Taylor Long Properties represented the seller.

    Bad Dog Oreo LLC purchased 1.93 acres at 2181 Carter Gallier Blvd. in Powhatan for $175,000. Taylor Long Properties represented the seller.

    S.L. Nusbaum Realty Co. reports:

    Canopy Boba Inc. leased 1,200 square feet at 3326 Pump Road in Henrico.

    ZaZa Smoke & Vape has leased 1,000 square feet at 6837 Forest Hill Ave. in Richmond.

    City Wide expanded by 1,500 square feet at 1583 Standing Ridge Drive, Suite D, in Powhatan.

    CBRE reports:

    Burke & Herbert Bank expanded by 3,066 square feet at 1802 Bayberry Court in Henrico.

    Cushman & Wakefield | Thalhimer reports:

    State Farm Insurance leased 1,781 square feet at 15871 City View Drive in Chesterfield.

    Comxi World leased 1,586 square feet at 4795 Bethlehem Road in Henrico.

    Duet Design Studio leased 1,230 square feet at 3407 W. Broad St. in Richmond.

    Commonwealth Commercial Partners reports:

    Cindy Shumaker Insurance Agency dba State Farm leased 1,781 square feet at 15871 City View Drive in Chesterfield.

    RedRoses Boutique leased 1,200 square feet at 3910 Hull St. in Richmond.

    Porter Realty Co. reports:

    New Day Mechanical leased 2,100 square feet at 10380 Wood Park Court in Hanover.

    Matthew Walsh LLC leased 1,200 square feet at 10365 Wood Park Court in Hanover.

Image of bustling city skyline with skyscrapers, symbolizing commercial real estate update.