Pipeline: Commercial Real Estate Roundup for 10.10.08

Thalhimer reports the following transactions:

Owens & Minor Medical, Inc. has purchased 50 acres of land within Atlee Station in Hanover. The land was purchased from Media General, Inc. for $5,398,650. Owens & Minor has purchased the land as an investment for future use. The Richmond-based company distributes medical and surgical supplies to hospitals and healthcare centers.
Contact: 804-723-7000

Call Federal Credit Union has purchased 1.05 acres at Rutland Commons in Hanover. The purchase consists of an outparcel site located at the intersection of Route 301 and Ashcake Road. The land was purchased for $600,000 from Crosland Rutland, LLC. Call Federal intends the develop the site for a credit union. The Richmond-based company is a full service primary financial institution. They have several offices and branches in and around Richmond, and their main office is located at 4605 Commerce Road.

Contact: Roger Ball, President and CEO
[email protected]

URS Corporation has leased 10,574 sf at 5115-5540 Falmouth Street in Richmond. The property is located in the Vistas Office Park. URS is a global engineering, construction and technical services firm. Founded in 1904, the company is headquartered in San Francisco. This site will act as the company’s base of operations for the Richmond area.

Contact: Martin M. Koffel, President and CEO

Dollar Tree Stores has leased 8,956 sf at 7504 West Broad Street in Richmond. The property is located in the Merchant’s Walk Shopping Center. The national discounter’s corporate headquarters are located in Chesapeake, VA.

Jordan-Kitts Music, Inc. has leased 7,205 sf at 10973 West Broad Street in Richmond. The property is located in the Colonnades West Shopping Center. Founded in 1912, the company sells, rents and services pianos. It is headquartered in College Park, Maryland.
Contact: Rick Green, President

Richmond Real Estate Group has purchased 19,301 sf at 1142 West Grace Street in Richond. The land was purchased from An Exterior, Inc. for $1,000,000. Richmond Real Estate purchased the office building as an investment for future use.
Cave Distributing, LLC has leased 11,900 sf at 2211 Station Road in Richmond.

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