Commercial Real Estate

Foreclosure set for Henrico office complex

Andale J Kogi 1

A bank-anchored office property near Virginia Center Commons may soon have a new owner as its date with the auction block has been set.

Midlothian retail center fetches nearly $9M

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An Alabama-based real estate investment firm has staked its entry into the Richmond market with a seven-figure purchase. An entity tied to Birmingham-based Gold Investments USA last month purchased the Shops at the Arboretum shopping center at 9101-9111 Midlothian Turnpike in Chesterfield County for $8.8 million, according to county property records. The firm purchased the property… Read more »

Local developer tightens its retail grip on Forest Hill Ave.

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A real estate firm is expanding its Southside holdings, adding to a portfolio that includes the bulk of a big box retail center on Forest Hill Avenue and a 13-acre site in Manchester. Harper Associates last month purchased the former Dilligaf Tanning, Tattoos & Piercings building and surrounding 0.33-acre property at 6935 and 6935-A Forest Hill Ave., according… Read more »

Short Pump apartments sell for $51M

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In one of the priciest local apartment deals in recent memory, a nearly 30-year-old complex near Short Pump surpassed the $50 million mark with its sale last week to a Southside-based buyer. The 340-unit Wellesley Terrace apartments, at Lauderdale Drive and Three Chopt Road just south of Short Pump Town Center, sold July 11 for… Read more »