The investment firms closed Thursday on the nine-figure deal that purchased the Walthall Distribution Center near Chester and Northlake Distribution Center near Ashland.
Lingerfelt picks up industrial portfolio in $105M deal with Partners Group
Jonathan Spiers
Jonathan joined BizSense in 2015 after a decade of reporting in Wilmington, N.C., and at the Henrico County Leader. The Virginia Tech grad covers government, real estate and other news.
Reach him at (804) 308-2447 or [email protected].
Demolition starts on Richmond’s oldest fire station
The century-old Fire Station 12 at Cary and Addison streets is being replaced with a new three-story structure that will double its size.
Henrico sells Best Products site to GreenCity developer, buys athletic center next door
The Henrico EDA paid $4.5 million for Saint Gertrude High School’s Outdoor Athletic Center, which is adjacent to the 200-acre GreenCity site.
Design firm Hickok Cole moves Richmond office back to Scott’s Addition
The D.C.-based firm is returning to the neighborhood after three years in the Arts District, where it had been since 2020.
Four development teams advance in City Center solicitation
The city announced it is inviting formal proposals from four of the five respondents to its November solicitation for the redevelopment project that would replace the Richmond Coliseum with a mixed-use development and convention center hotel.
The Pitch: Advertising and marketing news for 3.14.23
A local firm completes work for Under Armour promoting Steph Curry’s latest shoes. Plus, projects for the Friends of Hollywood Cemetery, the Hopewell Downtown Partnership and Dick’s Sporting Goods. (BizSense Pro subscription required)
1,000-plus homes, a Wawa and more in store for area east of Sandston
“You’re going to see a lot more development in that area,” said Doug Godsey, whose Varina-based Godsey Properties is driving the bulk of the new development that includes plans for a potential hotel.
National apparel supplier SanMar takes distribution center near Ashland
The company has signed on for the 1.1 million-square-foot facility previously lined up for Lowe’s Home Improvement, which opted out of the project in favor of a comparably sized facility in South Richmond.
Car dealership exec’s $2M closing led February home sales
The 5,700-square-foot house on 32 acres in Manakin-Sabot had been fully renovated by seller Rod McGeorge, president of the McGeorge family of auto dealerships.
Solar-powered apartments planned for old Chamberlayne hotel site
The project from Spy Rock Real Estate and Crescent Development would fill the former hotel site with 186 income-based apartments that would be powered by an adjacent solar field.