Petersburg gets a flurry of real estate action with several leases and two sales, a handful of companies grab space in a Chesterfield industrial park, and properties in Richmond, New Kent, Hanover and more are sold off.
Katie Demeria
With new deal, HDL gets room to breathe
A bankruptcy court this week approved a $12 million financing deal for the bankrupt blood testing company, pushing its previous main lender, BB&T, down in the creditor priority list.
Another $51M in apartments hits the market
Two apartment complexes comprising more than 460 units have been put up for grabs, adding to the increasingly busy local apartment sale scene.
UVA moves into local medical market
After VCU and UVA recently ended a collaborative clinic, the Charlottesville health system is striking out on its own in the local health market with a two-doctor children’s cardiology practice in the West End.
Manchester project’s first phase nears finish line
Another batch of Manchester apartments will open this month, with another 90 units to be finished at the $18 million project by the end of the year.
HDL resorts to plan B for financing
After a first deal fell through, the bankrupt lab company says it is days away from finalizing a deal with a new lender. And to save cash, it will also be unloading another of its entity’s assets and moving out of several standalone offices.
The Pipeline: Commercial real estate roundup for July 31, 2015
A Midlothian Turnpike restaurant space sells for more than $1 million, developers buy land in New Kent and Chesterfield, and several different fitness companies lease space around town.
Nonprofit chapter taps new CEO
The local United Way has finished its search for a new top exec, pulling in the longtime leader of an Indiana chapter who will start next month.
As Wegmans rises, tenants line up for spot in once-stalled project
A long-dormant development site in Chesterfield County is finally taking shape with a large grocery store as its anchor, and now the entire project is almost full with other tenants following suit.
Parham office complex sold for $12M
The owner of MeadWestvaco’s downtown headquarters grabbed another office property last week, the long-term headquarters of a direct marketing firm.