The Pipeline: Commercial real estate roundup for 8.26.22

TOP THREE SALES

No. 1: Merritt Properties purchased 262,256 square feet at 10390 Lakeridge Parkway in Ashland for $41.3 million from Crescent Center Business Center LC. Eric Robison with Cushman & Wakefield | Thalhimer represented the seller.

No. 2: Greencove Group LLC purchased 181 apartments at 141 Lakeview Park Road, 100-111 Cabell Drive and 207 Cabell Drive in Colonial Heights for $20 million. Ryan Rilee with One South Commercial represented the seller.

No. 3: Elevate Apartments purchased 12.85 acres at 12301-12313 Jefferson Davis Highway in Chesterfield for $3 million from Caldwell Reese Enterprises LLC and Partners Investment Group LLC. Ben Bruni, Ryan Fanelli and Russell Wyatt with Commonwealth Commercial Partners represented the seller.

TOP THREE LEASES

No. 1: Jensen Leisure Furniture subleased 15,000 square feet at 1800 W. Marshall St. in Richmond. Dawn Calabrese with Divaris Real Estate represented the landlord.

No. 2: Zoom Room leased 6,349 square feet at 3400 Lauderdale Drive in Henrico. Cushman & Wakefiled | Thalhimer’s James Ashby IV and Reilly Marchant represented the landlord and Nicki Jassy represented the tenant.

No. 3: Phenix Salon Suites leased 6,000 square feet at 13700 Hull Street Road in Chesterfield. Cushman & Wakefield | Thalhimer’s James Ashby IV represented the landlord and Annie O’Connor represented the tenant.

Email submissions to [email protected]

Cushman & Wakefield | Thalhimer reports the following deals:

Virginia Center for Public Press purchased the 3,335 square feet at 1806 E. Main St. in Richmond for $430,000 from Richmond Balance Holdings. James Ashby IV represented the seller.

Aqua Living Factory Outlets leased 3,200 square feet at 6414 Horsepen Road in Henrico. James Ashby IV represented the landlord.

Homeward leased 2,490 square feet at 9211 Forest Hill Ave. in Richmond. Brian K. Berkey and Karla Knight represented the tenant.

Saffron Indian Cuisine leased 2,000 square feet at 12114 Bermuda Crossroads Lane in Chesterfield. Alex T. Wotring and Reilly Marchant represented the tenant.

Joyner Commercial reports the following deal:

Kore Mortgage purchased 2,250 square feet at 1266 Alverser Drive in Chesterfield for $450,000. Kenecko Robinson represented the buyer.

One South Commercial reports the following deals:

Cutshaw Park MSML LLC purchased four units at 715 Chimborazo Blvd. in Richmond for $465,000. Ann Schweitzer Riley and Isaac Weintz represented the seller and Tom Rosman and Justin Sledd represented the buyer.

1501 WW LLC purchased 41,396 square feet at 3405 Commerce Road in Richmond for $2.2 million. Tom Rosman and Lory Markham represented the seller and Ken Campbell the buyer.

Commonwealth Commercial Partners reports the following deals:

Turn two LLC purchased 2,700 square feet at 2570-B Gaskins Road in Henrico for $625,000 from Three Chopt Gaskins LLC. Tucker Dowdy and Russell Wyatt represented the seller.

KLS Properties purchased 2,100 square feet at 603 England St. in Hanover for $627,500 from Paul C. Carey and Alesia R. Carey. Ben Bruni represented the buyer.

Crozier Land Co. purchased 15.5 acres at 2240 Oilville Road in Goochland for $943,950 from M. Garland Anderson II. Ben Bruni represented the buyer and Joe Buhrman and Chris Jenkins represented the seller.

Divaris Real Estate reports the following deal:

Kank’s Store leased 2,225 square feet at 245 Granite Springs Road in Chesterfield. Cheryle Toy represented the tenant.

TOP THREE SALES

No. 1: Merritt Properties purchased 262,256 square feet at 10390 Lakeridge Parkway in Ashland for $41.3 million from Crescent Center Business Center LC. Eric Robison with Cushman & Wakefield | Thalhimer represented the seller.

No. 2: Greencove Group LLC purchased 181 apartments at 141 Lakeview Park Road, 100-111 Cabell Drive and 207 Cabell Drive in Colonial Heights for $20 million. Ryan Rilee with One South Commercial represented the seller.

No. 3: Elevate Apartments purchased 12.85 acres at 12301-12313 Jefferson Davis Highway in Chesterfield for $3 million from Caldwell Reese Enterprises LLC and Partners Investment Group LLC. Ben Bruni, Ryan Fanelli and Russell Wyatt with Commonwealth Commercial Partners represented the seller.

TOP THREE LEASES

No. 1: Jensen Leisure Furniture subleased 15,000 square feet at 1800 W. Marshall St. in Richmond. Dawn Calabrese with Divaris Real Estate represented the landlord.

No. 2: Zoom Room leased 6,349 square feet at 3400 Lauderdale Drive in Henrico. Cushman & Wakefiled | Thalhimer’s James Ashby IV and Reilly Marchant represented the landlord and Nicki Jassy represented the tenant.

No. 3: Phenix Salon Suites leased 6,000 square feet at 13700 Hull Street Road in Chesterfield. Cushman & Wakefield | Thalhimer’s James Ashby IV represented the landlord and Annie O’Connor represented the tenant.

Email submissions to [email protected]

Cushman & Wakefield | Thalhimer reports the following deals:

Virginia Center for Public Press purchased the 3,335 square feet at 1806 E. Main St. in Richmond for $430,000 from Richmond Balance Holdings. James Ashby IV represented the seller.

Aqua Living Factory Outlets leased 3,200 square feet at 6414 Horsepen Road in Henrico. James Ashby IV represented the landlord.

Homeward leased 2,490 square feet at 9211 Forest Hill Ave. in Richmond. Brian K. Berkey and Karla Knight represented the tenant.

Saffron Indian Cuisine leased 2,000 square feet at 12114 Bermuda Crossroads Lane in Chesterfield. Alex T. Wotring and Reilly Marchant represented the tenant.

Joyner Commercial reports the following deal:

Kore Mortgage purchased 2,250 square feet at 1266 Alverser Drive in Chesterfield for $450,000. Kenecko Robinson represented the buyer.

One South Commercial reports the following deals:

Cutshaw Park MSML LLC purchased four units at 715 Chimborazo Blvd. in Richmond for $465,000. Ann Schweitzer Riley and Isaac Weintz represented the seller and Tom Rosman and Justin Sledd represented the buyer.

1501 WW LLC purchased 41,396 square feet at 3405 Commerce Road in Richmond for $2.2 million. Tom Rosman and Lory Markham represented the seller and Ken Campbell the buyer.

Commonwealth Commercial Partners reports the following deals:

Turn two LLC purchased 2,700 square feet at 2570-B Gaskins Road in Henrico for $625,000 from Three Chopt Gaskins LLC. Tucker Dowdy and Russell Wyatt represented the seller.

KLS Properties purchased 2,100 square feet at 603 England St. in Hanover for $627,500 from Paul C. Carey and Alesia R. Carey. Ben Bruni represented the buyer.

Crozier Land Co. purchased 15.5 acres at 2240 Oilville Road in Goochland for $943,950 from M. Garland Anderson II. Ben Bruni represented the buyer and Joe Buhrman and Chris Jenkins represented the seller.

Divaris Real Estate reports the following deal:

Kank’s Store leased 2,225 square feet at 245 Granite Springs Road in Chesterfield. Cheryle Toy represented the tenant.

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