The latest real estate deal in Scott’s Addition is drawing an Innsbrook staffing company to the sought-after neighborhood, while adding a second floor to the 117-year-old building.
The former Conner Brothers Body Shop at 1008 N. Sheppard St. sold last week for $925,000.
The buyers, Mark Morton and Brad Cummings, will redevelop the 4,100-square-foot property into mixed-use space for a restaurant and office tenant, and nearly double its size by adding a second story.
The deal closed June 30. The property most recently was assessed at $244,000.
Morton Consulting, Morton’s IT staffing business, will relocate from 4701 Cox Road and be the lone office tenant.
Morton started the business in 2006 and now employs 90 people.
“We want to make it a two-story office building that’s about 8,000 square feet between two floors,” Morton said. “Right now, where we are, we’re out of space.”
He and Cummings are seeking a restaurant tenant for the east-facing side of the building.
Jimmy Appich of JLL represented the buyers in the deal. Fultz & Singh Architects are designing the space. Morton said he said hopes the project will begin within three months.
“The restaurant will probably lag behind the office a little bit, but conceivably, it could all be ready in 12 months,” Morton said.
Conner Brothers vacated the space in December 2016, the same month the auto shop chain sold its Midlothian location. The company has at least one remaining location open in the area, in Chester.
Also included in the purchase was a parcel of land across the street from Conner Brothers, currently a parking lot at 2901 W. Marshall St. Morton said they don’t yet have plans for that site.
“The exciting opportunity with this purchase is to take another under-leveraged Lower Scott’s Addition property and turn it into something that will keep Scott’s Addition moving forward,” Cummings said in an email.
Cummings was a part of a group that earlier this year sold a Shockoe Bottom building to Capital One, which is helping fund a startup incubator there.
Sales of all shapes and sizes have continued in Scott’s Addition, most recently with Spy Rock Real Estate Group spending $8 million on the Dori Foods warehouse at 3410 Norfolk St.