T
he Richmond metro area's commercial real estate sector remained stable in 2024, with the top 10 transactions totaling $835 million. This is just $1 million less than the cumulative value of 2023's biggest deals and follows 2022 and 2021's top 10 deals, which approached $1 billion.

    Industrial sales dominated the list, accounting for two of the top three spots, a trend that continued from 2023. Here are the 10 highest-dollar commercial real estate sales in Richmond in 2024:

    10. Hourigan's White Oak-area deal, $58.6 million

    9. Commonwealth Apartments, $59.2 million (sold to Atlanta's Mesa Capital Partners)

    8. Stonehenge Village, $62.1 million (Wegmans-anchored shopping center in Chesterfield)

    7. White Oak Village, $63.5 million (majority sold to a Pennsylvania firm)

    6. Dabney Center, $75.3 million (14-building flex industrial portfolio off Dabney Road)

    5. The Park at Salisbury, $79.2 million (320-unit complex near the intersection of 288 and Midlothian Turnpike)

    4. Airport Distribution Center, $90.9 million (five fully leased warehouses in Henrico bought by EQT Exeter)

    3. LL Flooring distribution center, $104 million (1-million-square-foot distribution center in White Oak sold to QTS)

    2. QTS-Hourigan flip, $119 million (400-acre plot in eastern Henrico sold to QTS for twice the purchase price)

    1. The River Lofts at Tobacco Row, $123.5 million (742-unit apartment complex and surrounding properties bought by a Boston-based firm)