The Pipeline: Commercial real estate roundup for 4.2.10


Franklin Development Group
purchased the 282,000-square-foot former Brown & Williamson industrial facility at 109 S. Perry St. in Petersburg from B.Vee Inc. for $3.5 million. The buyers are converting it into a 220 unit multifamily property.

3820 Gaskins Road LLC purchased the 3,387-square-foot retail building at 3820 Gaskins Road in Richmond, VA, from JDE-Richmond LLC for $1.37 million, or about $406 per square foot.

Grubb & Ellis | Harrison & Bates report the following deals:

Community Group leased 13,521 square feet at 3901 Westerre Parkway in Henrico.

GoodCents leased 6,375 square feet at 2315 Commerce Center Drive in Goochland.

Henry McLaughlin leased 704 square feet at 707 E. Main St. in Richmond.

Thalhimer reports the following deals:

Ferguson Heating & Cooling Division leased 17,600 square feet at 8438 Old Richfood Road in Hanover.

C-Fit 2 leased 16,006 square feet at Robious Hall Shopping Center at 10058 Robious Road in Chesterfield.

Metropolitan Life Insurance Company leased 12,341 square feet in Reynolds Office Building, 6641 W. Broad Street in Henrico.

Aces Diner leased 1,946 square feet at 219 E. Clay Street in Richmond.

Dingman Financial Services leased 1,405 square feet in Arboretum VI at 9011 Arboretum Pkwy. in Chesterfield.

CB Richard Ellis reports the following deals:

International Hospital for Children leased 4,650 square feet at 7611 Forest Ave in Henrico County.

Hunton & Williams, LLP renewed its lease for 21,436 square feet at 8701Park Central Dr. in Henrico.

Netflix, Inc. renewed its lease for 11,789 square feet at 8550 Magellan Pky in Henrico.

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