4747 and 4949 Commerce Drive are fully leased.
The Halle Cos. has paid $78.5 million, or $85/sf, for a two-building logistics park with 923,400 square feet in Richmond, Va. The Silver Spring, Md., company bought the industrial property from Panattoni Development Co. of Irvine, Calif., which had developed ...
RMR Office Property Fund LP has purchased the 355,449-square-foot Deep Run III office building in Richmond, Va., for $56 million, or $157.54/sf. The property, once the headquarters for the defunct Circuit City, was sold by Markel/Eagle Partners, a Richmond investment ...
REBusiness Online Heritage Income Property has obtained a $37.5 million Fannie Mae loan to finance its acquisition of the 280-unit James River at Stony Point apartment complex in Richmond, Va. Bellwether Enterprise Real Estate Capital provided the 12-year, interest-only loan. ...
ElmTree Funds has paid $25.85 million, or $117/sf, for the distribution center at 1520 Willis Road in Richmond, Va. The St. Louis investment manager bought the 220,825-square-foot property from Armada Hoffler Properties Inc., a Virginia Beach, Va., REIT that had ...
Capital Square 1031 has paid $39.5 million, or $133,445/unit, for the Axis 147 apartments in the Richmond, Va., suburb of Bon Air, Va. The Glen Allen, Va., investment manager bought the 296-unit complex from a venture of Lincoln Property Co. ...
Hivernan Realty Group has paid $46.55 million, or $86,524/unit, for the Aden Park & Glenway Green apartments in Richmond, Va. The Denver investor bought the 538-unit property from Weinstein Properties of Glen Allen, Va., which was represented by Colliers International. ...
Developer Brick Lane has partnered with National Property REIT Corp. to purchase Falling Creek Apartments, with 348 units in the North Chesterfield area of Richmond, Va. The venture bought the property, constructed in 1964 at 2530 Marina Drive, from BAF ...
Grandbridge Real Estate Capital has written a $28.7 million Fannie Mae loan to facilitate the $39.3 million, or nearly $255,200/unit, purchase of the 154-unit First National Apartments in Richmond, Va. The 19-story building, at 823 East Main St., in the ...
Richmond BizSense Peak Capital Partners has purchased the 157-unit Gallery Midtown apartment complex in Richmond, Va., for $25.1 million, or $159,873/unit. An $8.4 million renovation that was completed last summer added a pool and clubhouse The property at 308 North ...
Richmond BizSense Commonwealth Properties LLC is planning to build a multifamily project with up to 407 units in Henrico, Va. The project is being proposed for a 5.4-acre development site at 3500 Cox Road, and will include a swimming pool, ...
Richmond BizSense The Virginia Workers' Compensation Commission has purchased a 125,000-square-foot office building in downtown Richmond, Va., for $20.4 million, or $163/sf. The property, at 333 East Franklin St., formerly known as the Media General building, is mostly occupied by ...
Richmond Biz Sense SNP Properties wants to build The Summit at Scott's Addition, a 166-unit apartment building in Richmond, Va. Plans for the project's development site, at 3022 West Broad St., call for demolishing a former bank building and replacing ...
FD Stonewater has paid $62.4 million, or $148.70/sf, for SunTrust Center One and Two, a pair of office buildings with a total of 419,653 square feet in Richmond, Va. The Arlington, Va., developer bought the property, at 11011 and 11013 ...
Richmond BizSense Erickson Living plans to build a 1,450-unit assisted-living community in Richmond, Va. The 14-building complex will sit on 95 acres on the eastern side of Wilkes Ridge Parkway and south of West Broad Street. It will have 1,900 ...
Richmond BizSense Devon USA plans to build a 321,000-square-foot warehouse property in Richmond, Va. The $20 million project, which is being built on a speculative basis, will sit on 44 acres at 1601 Bellwood Drive in the James River Logistics ...
Richmond Biz Sense Boyd Homes is offering for sale Rivermont Crossing, a 457-unit rental community in Chester, Va. The 38-acre property, at 1530 River Tree Drive, consists of the 312-unit Rivermont Station apartments and the 145-unit Rivermont Landing townhomes. The ...
Richmond Biz Sense Castle Development Partners is planning to build a 450-unit apartment project in Midlothian, Va. The $90 million project will be situated on 18 acres along Watkins Centre Parkway. It will feature a mix of studio, one-, two- ...
Pilot Online Lingerfelt Commonwealth Partners has begun a $25 million renovation of the Norfolk Waterside Marriott hotel in Norfolk, Va. Plans call for renovating all 405 guest rooms with open closets, sliding doors to bathrooms and low-platform beds. Tubs in ...
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© 2023 Commercial Real Estate Direct All rights reserved.