Commercial Real Estate

“It’s exciting and a little scary, but I think if you’ve got a good plan, that’s the secret,” Mike Sanford said of his biggest real estate project yet.

Virginia Beach-based The Lawson Cos. is planning a five-story, 116-unit building at the southeast corner of Hull Street and Commerce Road.

With its residential units already well underway, the commercial portion of a new mixed-use development on the Henrico-Goochland line is coming into view.

The sale allows Kinsale Capital Group to recoup much of the $77 million it paid for the Willow Lawn-area building and neighboring property nine months ago.

The site would be able to support 9 million square feet of data center space spread across about 30 buildings located in a few campuses throughout the property.

The development agreement with Markel | Eagle calls for the creation of a separate CDA to help finance initial work on the residential portion of the massive arena-anchored, mixed-use project.

A rural crossroad in Hanover County already slated for a large mixed-use development could see a similar, albeit smaller, project across the street.

UTurn has sold its indoor sports facility at 2101 Maywill St. to Hill City Church, which has held services at the Westwood-area building since its founding nearly a decade ago.

Charlotte-based specialty insurance company Amwins is trading its current Richmond-area outpost in the West End for the former auto paint shop at 3318 W. Broad St. 

Baltimore-based Merritt Properties is looking to rezone 14 acres at the entrance to the Park Central office park, just east of the planned arena-anchored development.