This is the first installment of a regular (possibly weekly) feature that will report on businesses that are leasing new space, buying property, expanding or shrinking.
Flagstop CarWash bought 1.72 acres at 9828 E. Parham Rd. from the Royal Oldsmobile Company for $1.3 million and plans to tear down the existing structure and build a carwash. Thalhimer handled the sale.
Flagstop owner & president: Bob Schrum
Company summary: Flagstop Corporation was created in 1981 to provide one stop car care shopping. In October, 1999, the company opened a Mega Car Care Center to provide customers with nicer place to pamper a vehicle. In October of 2003, Flagstop opened its second Mega Car Care Center in Colonial Heights, VA. In early 2007, Flagstop opened its first Express Exterior Wash on Staples Mill Road in Richmond.
2. Latbel, LLC, which is owned by David Levine, purchased 3100 Patterson Ave. and 602-606 Belmont Avenue for $650,000 for mixed-use apartment/retail investment. Thalhimer handled the sale.
3. Primrose School Franchising Company purchased a 2-acre parcel on Iron Bridge Parkway in Chesterfield for $500,000. The company builds preschools. Thalhimer handled the sale negotiations.
4. The City of Richmond signed a 19,028-square-foot lease to fully occupy the Metro Chamber Building at 201 E. Franklin St. in Richmond, VA. The City plans to occupy in May. Grubb & Ellis|Harrison & Bates represented the landlord.
5. Charles J. Keck bought a warehouse at 1125 Commerce Road. Keck currently owns the Model Tobacco building on Jefferson Davis Ave., which might be turned into apartments, according to a Times-Dispatch story. However, the deal hasn’t gone through yet, according to Keck.
Keck owns other property around Richmond. He said he has no plans for the warehouse just yet.