Commercial Real Estate

An out-of-town buyer has made its second move in the Richmond market. Pennsylvania-based Stewart Cos. paid $11 million last month to purchase the 142,000-square-foot industrial building at 8000 Villa Park Drive. The deal closed Feb. 26. The property, constructed in 1989, is fully occupied by the headquarters of Colortree Group, a direct mail marketing company founded… Read more »

Three downtown towers have been taken off the auction block, at least for now. The foreclosure auction of the three-building James Center office complex, originally scheduled for today at noon, has been canceled, according to the trustee. It is unclear if the auction has been or will be rescheduled. William Casterline of the law firm… Read more »

About a year after opening its first local office, a Shenandoah Valley-based construction company has already settled into new Richmond digs.

A local development company known for high profile projects in the Fan and Scott’s Addition can now add a Manchester notch to its belt. Spy Rock Real Estate, run by principals Andrew Basham and Taylor Williams, recently wrapped up work on their first foray into Manchester, the Old Store Lofts at 1229 Hull St. The… Read more »

A pair of Southside strip centers changed hands last month in multimillion-dollar deals. Branders Creek Corner at 12200 Branders Creek Drive in Chesterfield County was sold in a deal that closed Feb. 17 for $6.2 million. The 26,000-square-foot property had been listed since November of last year, according to Catharine Spangler of Cushman & Wakefield… Read more »

A stake in more than 2 million square feet of Richmond office space has changed hands as part of a three-state, $400 million deal between two out-of-town real estate firms.

Eighteen developers presented updates on 55 projects at an event Monday evening, focusing on the downtown area, Manchester and Shockoe Bottom.

Two of the three owners of a high-dollar office building in Henrico’s Reynolds Crossing development are considering selling their ownership in the property.

Two competing German grocery chains have filed plans for more stores in Chesterfield County, adding to their overall area locations.

After a stint on the auction block, a Henrico County office building is back on the market.