realestate

Commercial Real Estate Update: Key Trends for April 2025

Top transactions include $1.35M sale in Richmond and 43,000-sq-ft lease in Hanover.

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*Commercial Real Estate Deals in Richmond and Surrounding Areas**

    In a flurry of activity, several notable commercial real estate deals have taken place in the Richmond area. Here are some of the top sales and leases:

    **Top Sales:**

    1. **Jackson's Corner LLC** made a significant purchase at 3310 W. Clay St. in Richmond, acquiring 6,885 square feet for $1.35 million. One South Commercial represented the seller.

    2. **1836 Park Fan LLC** purchased 6,135 square feet at 1836 Park Ave. in Richmond for $842,500. Tom Rosman and Justin Sledd with One South Commercial represented the seller.

    3. **Real Estate 2035 LLC** bought 2,160 square feet at 111 E. Grace St. in Richmond for $815,000 from CDI Grace LLC. Chris Corrada with One South Commercial represented the seller.

    **Top Leases:**

    1. **KMEW USA Inc.** leased 42,720 square feet at 11093 Washington Hwy. in Hanover. Range Commercial Partners represented the landlord.

    2. **Escreen dba Alee Escreen** leased 25,679 square feet at 9201 Arboretum Pkwy. in Chesterfield. Commonwealth Commercial Partners represented the landlord.

    3. **Gas Equipment Co.** leased 11,429 square feet at 2515-2519 Mechanicsville Tpke. in Henrico. Porter Realty Co. represented the landlord.

    Other notable deals include:

    * **Cadence Architects** leased 1,541 square feet at 9211 Forest Hill Avenue in Richmond.

    * **Elite Martial Arts** leased 2,680 square feet at 7588 W. Broad St. in Henrico.

    * **Blue Ridge Color Co.** leased 4,320 square feet at 2105 Loumour Ave. in Richmond.

    For more information on these deals and others like them, visit our website or subscribe to BizSense Pro for exclusive access to commercial real estate news and data.

Commercial real estate trends and market analysis for April 2025 globally.