realestate

Commercial Real Estate Update: May 9, 2025 Edition

Top deals: $4M industrial property sale, 11,000 sqft furniture store lease in Hanover.

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ere is the rewritten text, condensed by 20%:

    Top Three Sales

    #1: 3205 Commerce Road LLC sold a 51,229 sq. ft. property at 3205 Commerce Road in Richmond to 3205 Commerce Distribution for $4.05 million. Wilson Flohr and Robert Porter III with Porter Realty represented the seller.

    #2: Monarch Way purchased a 7,998 sq. ft. property at 15 S. 15th St. and 508 E. Cary St. in Richmond for $1.25 million. Tom Rosman and Lory Markham with One South Commercial represented the seller.

    #3: Siam Investments bought a 3,058 sq. ft. property at 3 N. 17th St. in Richmond for $693,205. Ann Schweitzer Riley and Lory Markham with One South Commercial represented the seller.

    Top Three Leases

    #1: Marsh Furniture Co. leased 11,040 sq. ft. at 8651 Mongo Way in Hanover. Robert Porter III with Porter Realty represented the landlord.

    #2: Wild Ocean Sushi & Bar leased 9,000 sq. ft. at 44-100 Southpark Blvd. in Colonial Heights. Alicia Brown and Pete Waldbauer with Cushman & Wakefield | Thalhimer represented the landlord.

    #3: Rack Room Shoes leased 7,467 sq. ft. at 9074 Staples Mill Road in Henrico. Loretta Cataldi and Sara Goodall with Divaris Real Estate represented the landlord.

    Recent Deals

    * Great Clips leased 1,200 sq. ft. at 1545 N. Parham Road in Henrico.

    * MTNS Investments purchased a 5,000 sq. ft. property at 2311 Westwood Ave. in Henrico for $675,000.

    * Jernigan Oil Transport leased 780 sq. ft. at 2403 Commerce Road in Richmond.

    * Firefly Pediatrics leased 4,282 sq. ft. at 2820 Waterford Lake Drive in Chesterfield.

    * Purpose Driven Retirement Planners leased 3,140 sq. ft. at 2810 N. Parham Road in Henrico.

    * Quickway Hibachi leased 2,523 sq. ft. at 11440 Midlothian Tpke. in Chesterfield.

    * Genuine Parts Co. dba NAPA Auto Parts leased 6,032 sq. ft. at 9424 Atlee Commerce Blvd. in Ashland.

    * Chapters Health Hospice leased 2,300 sq. ft. at 10330 Staples Mill Road in Henrico.

    * Virginia Institute of Plastic Surgery expanded by 6,622 sq. ft. at 7611 Forest Avenue in Henrico.

Commercial real estate news update, May 9, 2025 edition cover page.