The sale to RailField Partners is the fifth time that the Millspring Commons complex at Hungary Spring and Staples Mill roads has changed hands in the past nine years.
Commercial Real Estate
Walmart to shutter Northside grocery store; Christmas Tree Shops to close in Henrico
Two local big-box retail buildings are about to go dark as the two national retailers shutter locations in Northside and western Henrico.
Elevator company slides into old E. McLauchlan & Sons building in Shockoe Bottom
As one longtime industrial tenant punches out of Shockoe Bottom, another is clocking in.
Sauer Properties planning to add apartments to Midlothian shopping center
After losing the namesake retailer at one of its local shopping centers, is turning to residential redevelopment as a means to inject new life into the property.
Manchester site once eyed for a grocery store goes back on the market
After marketing the site for a mixed-use development that he’d hoped would bring a grocery store to Manchester, a local construction industry veteran is putting his prime Southside parcel back up for grabs.
Surgery provider MedRVA gets state approval for new $15M center in Chesterfield
The center will occupy 18,000 square feet in the Ironbridge Commons building and feature a general-purpose operating room and a specialty operating room dedicated to eye surgery.
Hanover approves new Kia dealership on Lidl-owned site in Mechanicsville
The former Shalom Baptist Church property had been eyed several years ago for a Lidl grocery store that was never built. Now an Atlanta-based car dealer plans to build an $8 million dealership.
Newmark poaches Richmond broker duo from Colliers to beef up local ranks
Will Bradley and Mark Williford are the latest to jump from Colliers to Newmark, following a trio that launched the firm’s new Richmond office about six months ago.
VCU Health OK’d to demolish city-owned Public Safety Building
The authorization from City Council comes as the health system was due to make a $1.3 million payment to Richmond in lieu of taxes on the site – the latest cost to the health system for its expensive exit from a downtown development project.
Local hotelier files rezoning to build extended-stay TownPlace Suites in Chesterfield
Sina Hospitality hopes to start construction on the $15 million hotel in the second quarter of next year.