Real Estate News 24

Real Estate News 24

Commercial real estate highlights: TowneBank buys former Short Pump branch for $2.25 million | Business News

Beth McCandry

Cushman & Wakefield | Thalhimer reports the following sales:

  • Towne Bank purchased the former 8,000-square-foot bank branch at 11704 W. Broad St. in Henrico from Short Pump Town Center LLC for $2.25 million and executed a 20-year ground lease to serve as a local banking office. Danny Holly handled the negotiations on behalf of the purchaser.
  • Bollinger Properties LLC purchased an 8,000-square-foot building at 5609-5611 Patterson Ave. in Richmond from Blue Building LLC for $2.8 million as an investment to accommodate Stony Point Wealth Management’s office. Existing first-floor tenants include a full-service salon and wellness spa; the second floor walk-up features office space for financial services. Connie Jordan Nielsen handled the negotiations on behalf of the seller.

Commonwealth Commercial Partners reports the following sales:

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  • 1481 Darbytown Road Opportunity Zone LLC purchased 1.76 acres at 1481 Darbytown Road in Henrico from Eventus Enterprises for $110,000. Ryan Fanelli and Tucker Dowdy represented the seller.
  • Realty Income Properties 26 LLC purchased a 2,657-square-foot building at 7300 Hull Street Road in Chesterfield from MDW Holdings LLC for $825,000. Michael Morris, Thomas Lynde and Jim McVey represented the seller.

Porter Realty Co. Inc. reports the following sale:

  • DR Horton Inc. purchased 102.2 acres at 10300-10410 River Road in Chesterfield from Peacefield Development Corp. for $700,000. Byron Holmes represented the seller, and Robert Porter III represented the buyer.

Joyner Commercial reports the following sale:

  • Harold Vega purchased a 3,035-square-foot retail space on 0.95 acre at 6135 Midlothian Turnpike in Richmond from Soon Han for $950,000. Sean Yoon represented the seller.

Colliers International reports the following sale:

  • 101 North A ST LLC purchased 1200 Huguenot Road in Chesterfield from 1200 Huguenot Road LLC for $6.92 million. The Fresh Market leases the 31,394-square-foot property. Mark Williford, Will Bradley, Peter Vick and Harrison Hall represented the seller.

    • Taylor Long Properties reports the following sale:

    • The Villas at Swift Creek Development LLC purchased 47.81 acres at 6501 Woolbridge Road in Chesterfield from Stopf Montez Development LLC for $3.4 million. Ellen Long represented the seller.

    Sperity Real Estate Ventures reports the following sale:

    • MAQ Property LLC purchased a 3,800-square-foot industrial building at 2510 N. Lombardy St. in Richmond from Dorothy Miller for $375,000. Nathan Hughes represented the seller.

    Divaris Real Estate Inc. reports the following sale:

    • 3416 Stuart Avenue LLC purchased a 16,016-square-foot multifamily building at 306 E. Grace St. in Richmond from 306 Grace LLC for $2.2 million. Madeleine Alderman and Brett McNamee represented the buyer.

    SL Nutbaum Realty Co. reports the following sale:

    • 9464 Chamberlayne LLC purchased the HNG Building, an 11,020-square-foot office building on 0.945 acre at 9464 Chamberlayne Road in Hanover from Harris, Norman & Giles for $1.695 million. David T. Kalman represented the seller.

    Colliers International reports the following leases:

    • Magellan Technology Inc. leased 8,350 square feet at 5604 Charles City Circle in Henrico.
    • Capital Dental Design leased 4,778 square feet at 6946 Forest Ave. in Richmond.
    • ADT LLC leased 15,000 square feet at 8751 Park Central Drive in Henrico.

    Cushman & Wakefield | Thalhimer reports the following leases:

    • Cascades Holdings US Inc. leased 160,850 square feet of industrial space at 1100 Dinwiddie Ave. in Richmond.
    • Hanover Insurance Group renewed its lease of 12,155 square feet of office space at Glen Forest, 7130 Glen Forest Drive, in Henrico.
    • Walgreens renewed its lease of 5,820 square feet of industrial space at Gaskins Center, 3801-3827 Gaskins Road, in Henrico.

    Porter Realty Co. Inc. reports the following leases:

    • Local Legends Consulting LLC leased 7,100 square feet of warehouse space at 2240 Oak Lake Boulevard in Chesterfield.
    • Jawad Inc. leased 6,500 square feet of retail space at 9031 W. Broad St. in Henrico.
    • XPO Logistics leased 2,666 square feet of warehouse space at 10470 Wilden Drive in Hanover.

    Commonwealth Commercial Partners reports the following leases:

    • Thayer Saleh, dba Tobacco Hut, leases 2,325 square feet at 3039 W. Cary St. in Richmond.
    • Mechanicsville Wings LLC leased 6,000 square feet at 7230 Bell Creek Road in Hanover.
    • Carmen Inc. leased 2,413 square feet at 2505 Pocoshock Place in Chesterfield.

    CBRE reports the following leases:

    • Freedom Forever Virginia leased 20,583 square feet at 4312-16 Eubank Road in Henrico.
    • Corbett Technology Solutions leased 20,000 square feet at Mongo Way in Hanover.

    Sperity Real Estate Ventures reports the following leases:

    • Flooring RVA leased 6,620 square feet of industrial space at 8598 Sanford Drive in Henrico.
    • Hanbury leased 3,400 square feet of office space at 119 W. Broad St. in Richmond.