realestate

Commercial Real Estate Update: Key Trends & Deals for November 15, 2024

Top Transactions: $2.45M apartment sale in Richmond, 16,000 sqft lease in Chesterfield.

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    Top Three Sales

    #1 Virginia Investments 10 Broad LLC acquired 15 units at 10-14 W. Broad St. in Richmond for $2.45 million, with One South Commercial's Ryan Rilee and Tom Rosman representing the seller.

    #2 2600 E Marshall St LLC purchased 17,160 square feet of space at 2608 E. Marshall St. in Richmond for $850,000, with Tom Rosman and Justin Sledd from One South Commercial representing the buyer.

    #3 Stanley Martin Homes sold 1.3 acres of land at 9007 Brook Road in Henrico to Brook Road Investors for $725,000, with Read Goode from Divaris Real Estate representing the seller.

    Top Three Leases

    #1 Grocery Outlet leased 16,120 square feet at 9901 Hull Street Road in Chesterfield, represented by Andrew Thacker and Nathan Shor of S.L. Nusbaum Realty.

    #2 Dina Martinez & Wilmer D. Catalan leased 7,242 square feet at 5600-5750 Hopkins Road in Chesterfield, with Alicia Brown and Connie Jordan Nielsen from Cushman & Wakefield | Thalhimer representing the landlord.

    #3 Toy Lair LLC leased 5,965 square feet at 4005 W. Broad St. in Richmond, represented by Reilly Marchant of Cushman & Wakefield | Thalhimer.

    Recent Deals

    S.L. Nusbaum Realty Co.:

    * Spiritos School leased 5,500 square feet at 1595 Standing Ridge Drive in Powhatan.

    * Alpha Comics leased 3,000 square feet at 9509 Midlothian Tpke. in Chesterfield.

    * Convenience Grocery Tobacco leased 2,100 square feet at 7512 Mechanicsville Tpke. in Hanover.

    Have Site Will Travel:

    * Voda Cleaning & Restoration of Richmond leased 2,041 square feet at 1807 Roane St. in Richmond.

    Divaris Real Estate:

    * A. Cady Healthcare leased 1,513 square feet at 2453 Colony Crossing Place in Chesterfield.

    * BeMobile leased 946 square feet at 11670 Lakeridge Pkwy. in Ashland.

    * DTLR Inc. expanded by 4,725 square feet at 4740 N. Southside Plaza in Richmond.

    Commonwealth Commercial Partners:

    * Terracon Consultants leased 5,421 square feet at 3711 Saunders Ave. in Richmond.

    Cushman & Wakefield | Thalhimer:

    * Price Studios (PSH+) leased 5,554 square feet at 1700 Willow Lawn Drive in Henrico.

    * Asplundh Tree Expert leased 2,632 square feet at 7443 Lee Davis Road in Hanover.

    * Marco's Pizza leased 1,388 square feet at 11158 Hull Street Road in Chesterfield.

Commercial real estate market trends and deals on November 15, 2024.