realestate

Commercial Real Estate Update: January 10, 2025 Edition

$16M land sale in Chesterfield and 130K sqft lease in Henrico lead local deals this week.

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    TOP THREE SALES

    #1 SJC Ventures purchased 13 acres at Midlothian Turnpike and Alverser Drive in Chesterfield for $16 million. Larry Agnew and Andrew Thacker with S.L. Nusbaum Realty represented the buyer.

    #2 Richmond Machinery and Equipment Co. sold 16,369 square feet at 1701 Roseneath Road in Richmond for $4.7 million to Roseneath Norfolk LLC. Read Goode with Divaris Real Estate represented the seller.

    #3 Nightingale Holdings purchased 28,647 square feet at 2807 Transport St. in Richmond for $2.77 million from SWJ & Daughters Holdings. Tucker Dowdy and Ryan Fanelli with Commonwealth Commercial Partners represented the seller.

    TOP THREE LEASES

    #1 ABB Inc. leased 130,289 square feet at 943 S. Airport Drive in Henrico. Cliff Porter with Porter Realty represented the landlord.

    #2 Chewning & Wilmer leased 100,000 square feet at 13721 Route 1 in Chesterfield. Cliff Porter with Porter Realty represented the landlord.

    #3 TJ Maxx leased 29,971 square feet at 10400 Midlothian Tpke. in Chesterfield. Connie Jordan Nielsen and Nicki Jassy with Cushman & Wakefield | Thalhimer represented the tenant.

    S.L. Nusbaum Realty Co. reports:

    The Learning Experience has leased 10,000 square feet at 15810 Hull Street Road in Chesterfield. Douglas O. Tice III represented the landlord.

    SJC Ventures purchased an acre at 11706 Midlothian Tpke. in Chesterfield for $1.1 million from Estate of Darlene Waller Borovatz. Larry Agnew and Andrew Thacker represented the buyer.

    Divaris Real Estate reports:

    J&B Realty sold 24.4 acres at Portugee Road in Henrico to MLBB LLC for $2.6 million. Read Goode and Dawn Calabrese represented the seller.

    One South Commercial reports:

    OGRE 1031 LLC purchased 4,976 square feet at 300 E. Grace St. in Richmond for $1 million. Ann Schweitzer Riley represented the buyer.

    The Kittrell Co. purchased 8.4 acres at 1605 Hilliard Road in Henrico for $1,258,600. Chris Corrada and Justin Sledd represented the seller.

    Porter Realty Co. reports:

    Thomas & Brenda Ellis sold 6,240 square feet at 14440 Sommerville Court in Chesterfield for $1 million to 14440 Sommerville LLC. Byron Holmes represented the seller.

    Howmedica Osteonics Corp. leased 11,250 square feet at 297-301 Turner Road in Chesterfield. Wilson Flohr and Byron Holmes represented the landlord.

    Cushman & Wakefield | Thalhimer reports:

    Virginia Federal Credit Union purchased 1.25 acres at 6700 Courthouse Road in Chesterfield for $1.225 million from Courthouse Landing VA LLC. Birck Turnbull represented the buyer.

    HomeGoods leased 24,733 square feet at 10400 Midlothian Tpke. in Chesterfield. Connie Jordan Nielsen and Nicki Jassy represented the tenant.

    Colliers reports:

    Tilebar leased 6,330 square feet at 11237 W. Broad St. in Henrico. Peter Vick and Harrison Hall represented the landlord.

    Wingstop leased 1,900 square feet at 941 W. Broad St. in Richmond. Peter Vick and Harrison Hall handled the transaction on behalf of the tenant.

    Commonwealth Commercial Partners reports:

    Moonlight Club leased 2,910 square feet at 3405-3407 Old Parham Road in Henrico. Todd Buttner and Morgan Trible represented the landlord.

    HIAB USA leased 8,000 square feet at 13301 Ramblewood Drive in Chesterfield. Michael Mayhew and Chip Louthan represented the landlord.

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Commercial real estate news update with market trends and industry insights.