realestate

Commercial Real Estate Update September 2024 Edition

Top commercial deals: $63M Hanover sale, 57K sqft Richmond lease

T
OP THREE SALES

    #1 Triple BAR White Oak LLC purchased 397,605 square feet at 4501-4591 Laburnum Ave. in Henrico for $63 million from BRE DDR BR White Oak Va LLC. John Owendoff with Cushman & Wakefield and Catharine Spangler with Cushman & Wakefield | Thalhimer represented the seller.

    #2 Oakview MhC Partners purchased 4.56 acres at 5000 Midlothian Tpke. in Richmond for $1.8 million from Oakview Park LLC. Heather Placer Mull with Shaheen Ruth Martin & Fonville Real Estate represented the seller.

    #3 CFT NV Developments, LLC purchased 1.26 acres at 15711 Cosby Road in Chesterfield for $1.57 million from Cosby Village LLC. Connie Jordan Nielsen and Alicia Brown with Cushman & Wakefield | Thalhimer handled the transaction.

    TOP THREE LEASES

    #1 Excess4Less leased 56,850 square feet at 10 E. Belt Blvd. in Richmond. Ben Bruni and Carl Blackwell with Commonwealth Commercial Partners represented the landlord.

    #2 CapTech leased 21,358 square feet at 7100 Forest Ave. in Henrico. Chris Wallace, Eric Williford and Andrew Ferguson with CBRE represented the landlord.

    #3 Where Ya Bin Carmia LLC leased 17,408 square feet at 1281 Carmia Way in Chesterfield. Pam Strieffler and Ian Webster with CBRE represented the tenant.

    Cushman & Wakefield | Thalhimer reports:

    Impact Services leased 3,192 square feet at 2521 Grenoble Road in Henrico. Chrissy Chappell represented the landlord.

    Cool BeanZ Cafe leased 2,000 square feet at 2 Sycamore St. in Petersburg. Annie O'Connor, Danielle Beckstoffer and Katie Siegel represented the landlord.

    AACC Holding purchased 6 acres at 13380 Tredegar Lake Pkwy. in Chesterfield for $380,000 from SwimQuest. Isaac DeRegibus represented the seller and Kevin South represented the purchaser.

    CBRE reports:

    Morris Industries purchased 26 acres at 2196 Carter Gallier Blvd. in Powhatan for $1.4 million from Hsubinson LLC. Matt Hamilton, Jason Hetherington, Brad Lowry and Doug Tice IV represented the seller.

    Asurion LLC leased 3,600 square feet at 6290 Old Warwick Road in Richmond. Jason Hetherington, Brad Lowry, and Doug Tice represented the tenant.

    SugarOak Realty reports:

    Enlight Hospice of VA leased 1,535 square feet at 2809 Emerywood Pkwy in Henrico. Andy Walsh represented the landlord.

    Greenbrook TMS expanded into 2,497 square feet at 2820 Waterford Lake Drive in Chesterfield. Andy Walsh represented the landlord.

    Porter Realty Co. reports:

    Wilton Commercial X LLC sold 6,279 square feet at 2160 John Rolfe Pkwy. in Henrico for $1.4 million to Dominion Dental Realty. Wilson Flohr represented the buyer.

    Distance Medical Staffing leased 1,265 square feet at 1806 Chantilly St., Suite 1, in Richmond. Wilson Flohr represented the landlord.

    Commonwealth Commercial Partners reports:

    Constellation Health Services leased 1,811 square feet at 3957 Westerre Pkwy. in Henrico. Eric Hammond, Russell Wyatt and Eliza Izard represented the landlord.

    First Choice Community Counseling leased 1,385 square feet at 4198 Cox Road in Henrico. Eric Hammond, Russell Wyatt and Eliza Izard represented the landlord.

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Commercial real estate market trends and updates in September 2024 globally.