A portfolio of West End office buildings is under new ownership in a deal that brings a local commercial real estate brokerage in as a new tenant. Grander Capital Partners purchased the office buildings at 7200, 7202, 7204 Glen Forest Drive, along with 7110 Forest Ave in the Glen Forest Office Park on May 4…. Read more »
Michael Thompson
Carytown adds new shop, another moves up the street
An out-of-town brand has plans to test Richmond’s retail waters next door to the new home of a local lingerie store. Trend, based in Blackstone, plans to open in June at 3103 W. Cary St. in Carytown. Owner Kim Moody has a lease for a 2,800-square-foot space that has recently been home to Phoenix 2.0…. Read more »
Another big tenant charging into Scott’s Addition
With the ink still drying on a lease for a Shockoe Bottom space, a fast-growing Richmond company has signed another deal to set up shop in one of Scott’s Addition’s most recognizable buildings. Evatran, a maker of wireless charging stations for electric cars, announced Tuesday its plans to move to consolidate its manufacturing operations and… Read more »
$1.7M deal to transform longtime Arby’s location
A group of franchisees of a fast-growing chain of chicken restaurants forked over seven figures to land the brand’s first location in the city of Richmond. A Zaxby’s franchise is planned to open this fall at 2309 W. Broad St., in place of a recently shuttered Arby’s that had been there since 1968. The new… Read more »
N.Y. architect dips into Jackson Ward
Seeing fertile ground in the blocks near the redeveloped Central National Bank building, a recently minted Church Hill resident is kicking off his plans in Richmond with a real estate project in Jackson Ward. Forrest Frazier, who runs Forrest Fraizer | Architecture, and an investor in Florida have a mixed-use development in the works at… Read more »
New Black History Museum set to open Thursday
With a new director at its helm and seven figures worth of renovations behind it, Richmond’s newest museum is ready for its close up. The Black History Museum and Cultural Center of Virginia will open May 5 with in its new home in the old Leigh Street Armory at 122 W. Leigh St. Preview events will… Read more »
Henrico firm raising $70M, buys Midlothian retail strip
In the midst of a big capital raise, a local real estate firm has added to its Richmond property portfolio. Hackney Real Estate Partners on April 7 purchased Midlothian Crossing Shopping Center at 8535 Midlothian Turnpike. The company paid $4.95 million for the 88,000-square-foot property, which sits on 9.85 acres, according to a Chesterfield County… Read more »
1031 exchange fuels Goochland gas station deal
Low gas prices haven’t put a damper on deals for local gas stations. A Washington, D.C.-based buyer last month purchased the 3.6-acre Fas Mart gas station property at 1700 Ashland Road for $1.83 million. Josh Ein, a broker at Marcus & Millichap, said he and colleague Dean Zang handled the deal on behalf of the… Read more »
The Pipeline: Commercial real estate roundup for 4.29.16
Have Site Will Travel reports the following deal: Evantran LLC leased 8,000 square feet at 2219 East Franklin St. in Richmond from Sunset Strip Associates. John Jay Schwartz represented the landlord. One South Commercial reports the following deals: Bellona Arsenal Farm Assoc LLC purchased a 3,000 square-foot duplex at 3218 W. Franklin St. for $287,500…. Read more »
Coffee startup finds grounds for expansion
After percolating in kitchens in Washington, D.C., a cold brew coffee company has poured into Manchester and already has further growth plans in mind. Confluence Coffee Co. got up and running last month at 700 Bainbridge St. near City View Landing, the 17.5-acre mixed-used development taking shape on the former Reynolds South plant. Owner… Read more »