realestate

Commercial Real Estate Update: Key Trends & Insights for November 2024

Industrial property near Richmond sells for $2.95M; retailer leases space in Chesterfield.

T
OP THREE SALES

    #1 CP2400 LLC sold a 25,004 sqft property at 2400 Magnolia Road in Richmond and Henrico to R.E. Michel Co. for $2.95 million. Cliff Porter with Porter Realty represented the seller.

    #2 Taghavi Immigration Law purchased a 4,182 sqft property at 9012 Three Chopt Road in Henrico from the B Group for $789,000. Brian K. Berkey and Karla Knight with Cushman & Wakefield | Thalhimer represented the buyer, while Eric Hammond and Chip Louthan with Commonwealth Commercial Partners represented the seller.

    #3 The Wilton Companies purchased a 5,000 sqft property at 2205 Perl Road in Henrico from Milestone Group for $725,000. Robert Brown with Sperity Real Estate Ventures represented the seller.

    TOP THREE LEASES

    #1 Marshalls leased 22,000 sqft at 5600-5750 Hopkins Road in Chesterfield. Connie Jordan Nielsen and Alicia Brown represented the landlord, while Nicki Jassy with Cushman & Wakefield | Thalhimer represented the tenant.

    #2 Content Recovery Specialist leased 15,939 sqft at 2611 Decatur St in Richmond. Byron Holmes with Porter Realty represented the landlord.

    #3 The Hair Palace of Petersburg leased 15,000 sqft at 2001 S Crater Road in Petersburg. David T Kalman with S.L. Nusbaum Realty represented the landlord.

    Sperity Real Estate Ventures reports:

    Brave Captain leased 1,100 sqft at 729 W Cary St in Richmond. Nathan Hughes represented the landlord.

    City Dogs leased 2,200 sqft at 1309 W Main St in Richmond. Nathan Hughes represented the tenant.

    Scotty's Taphouse leased 10,532 sqft at 1304 Mactavish Ave in Richmond. Nathan Hughes represented the tenant.

    Cushman & Wakefield | Thalhimer reports:

    Joe Johnson Equipment leased 5,300 sqft at 8910 Burge Ave in Chesterfield. Chrissy Chappell and Graham Stoneburner represented the tenant.

    Virginia Transportation Construction Alliance leased 5,285 sqft at 9011 Arboretum Pkwy in Chesterfield. Brian K Berkey and Karla Knight represented the tenant.

    Divaris Real Estate reports:

    Mocha Sip Café leased 2,605 sqft at 201 E Broad St in Richmond. Loretta Cataldi and Chris Messersmith represented the landlord.

    Haze Tobacco & Vape leased 2,400 sqft at 8523 Midlothian Tpke in Chesterfield. Loretta Cataldi and Sara Goodall represented the landlord.

    Commonwealth Commercial Partners reports:

    East West Partners Management Co leased 2,051 sqft at 2820 Waterford Lake Drive in Chesterfield. Tucker Dowdy and Ben Bruni represented the tenant.

    CBH Properties Midlothian LLC purchased 2.3 acres at 6801 Temie Lee Pkwy in Chesterfield for $470,000 from Linwood K Bottoms and K Bottoms. Tucker Dowdy and Brent Altaffer represented the seller.

    CBRE reports:

    SM-ART THINKING-AHEAD LLC dba Kumon Math and Reading Center leased 2,000 sqft at 1080 Virginia Center Pkwy in Henrico. Pam Strieffler and Ian Webster represented the tenant.

    Leaders For Life leased 1,180 sqft at 2000 Bremo Road in Henrico. Eric Williford and Chris Wallace represented the landlord.

    One South Commercial reports:

    Alger Real Estate Investments purchased 6 units at 25-27 S Jefferson St in Petersburg for $300,000. Ann Schweitzer Riley and Justin Sledd represented the seller.

    E McLaughlin & Sons leased 5,000 sqft at 707 Dawn St in Richmond. Chris Corrada represented the tenant.

Commercial real estate market trends and insights in November 2024 globally.