As long as developers built new strip centers along the region’s major thoroughfares, such as Mechanicsville Turnpike, shoppers would come a-spending. Or so it seemed. Now retailers are signing leases again.
Commercial Real Estate
Over the last two years office vacancy has crept up as companies have moved, downsized or closed their doors. And they often times leaving their furniture behind. That has created a nifty incentive for landlords and made life much easier for tenants who don’t want the extra hassle/headache of finding furniture and getting it into the space.
The warehouse section is being razed to make way for parking for a new for-profit school, Stratford University.
The recession has not been kind to Carytown, Richmond’s historic shopping district. But a host of businesses are opening where others failed. Here is a slideshow that highlights a few of the recent additions and departures, as well as some changes to the scenery.
Two hundred acres of farmland with a stretch of James River waterfront will be auctioned off March 25, the result of a foreclosure of one of Richmond’s biggest home builders.
A Rhode Island developer wants to build a 160-unit apartment complex near VCU in Richmond.
The former Qimonda plant in eastern Henrico County has a prospective buyer.
Thalhimer reports the following deals: RJW6, LLC purchased the approx. 4,800 sq. ft. industrial property at 2709 Willard Road in Henrico from John Jen, LLC for $340,000 and will operate their business, Mosquito Squad of Richmond, at this location. Boushra F. Mikheal purchased the approx. 12,000 sq. ft. retail building situated on 1.25 acres at… Read more »
Three Way Logistics leased 85,420 square feet at 4810 Eubank Road in Henrico. And HR firm Staff Focus Consulting leased 15,650 square feet at 4198 Cox Road in Henrico.
Developer David Gammino has moved onto his next apartment project—a historic property in Jackson Ward. Gammino isn’t making it easy on himself by using green building and historical preservation techniques at the same time.