Commercial Real Estate

$1M office deal lands Carytown firm in Deep Run

Richmond Window building

After more than a half-century in Carytown, a windows and doors company is installing itself in Henrico County. Richmond Window Corp. is moving in August to 3895 Deep Rock Road near the Deep Run office complex. Owner Page Ewell paid $987,000 for the 9,300-square-foot office and warehouse. He bought the property this month through PIII… Read more »

Local firm unlocks new HQ

RSI GO Ribbon

A local security company has unhinged itself from cramped quarters in Chesterfield County and more than doubled its space less than a mile up the road. Richmond Security, an electronic and mechanical security provider, held a grand opening last week at its new 7,000-square-foot facility at 491 Southlake Blvd. The company previously leased about 3,000… Read more »

Warehouse conversion plan returns – with tax credits and compromise

Overbrook Lofts

Plans to turn a warehouse near Hardywood Park Craft Brewery into apartments have resurfaced and are progressing through the city review process. Developers David White and Louis Salomonsky of Historic Housing have brought back their proposal for an apartment conversion at 1650 Overbrook Road – a century-old former tobacco warehouse across the street from the… Read more »

Carytown building gets offer it couldn’t refuse

Carytown retail building

A former bank building in Carytown is under new ownership and a bike shop has hit the brakes on its storefront in the popular shopping district. Maryland-based Hyman Roth LLC purchased 3426 W. Cary St. on June 10, paying $975,000. The 2,310-square-foot building once housed a Wells Fargo branch and a salon. It sits on… Read more »

Scott’s Addition soaks up more office users

Gather building

A local staffing company and a real estate firm are bringing more business to Richmond’s sudsiest neighborhood. Daybreak IT Solutions, a seven-year-old IT staffing company, and real estate team The RVA Group signed leases this month for two of the units in the forthcoming 26,000-square-foot Gather building at 2930 W. Broad St. The companies won’t… Read more »

Pair of apartment deals top $40M

Wilde 1C1

Two local apartment complexes have changed hands in a deal that also includes a Newport News property. Lerner Enterprises in recent weeks sold its Wilde Lake Apartments, Hanover Crossing Apartments and Chesapeake Bay Apartments properties to Drucker & Falk, a real estate company with offices whose Virginia offices are located in Richmond and Newport News,… Read more »

Updated: 2nd area Publix store eyed for Henrico

publix-sitePhoto

With one location already in the works and amid talk it’s set to buy local Martin’s stores, it appears Publix isn’t waiting in line to further establish itself in the Richmond market. Documents filed with the Henrico County Planning Department last week show a Publix store as part of a proposed expansion of the Stuart’s Crossing… Read more »

Covenant Woods floats $34M expansion

Covenant Woods ftd

A sprawling retirement community in Mechanicsville is looking to grow once again – and it’s seeking more bond financing from Hanover County to do it. Covenant Woods, a nonprofit that operates a 319-unit facility on 86 acres at 7090 Covenant Woods Drive, is seeking up to $34 million in revenue bonds to fund another large-scale… Read more »

Blackstone acquires Midlothian center

Towne Crossing shopping center

A billion-dollar deal between a financial giant and a Canadian REIT has trickled down to Chesterfield County. New York investment firm Blackstone Group bought the Towne Crossings shopping center at 11647 Midlothian Turnpike on June 1 for $18 million, according to a Chesterfield County property record. Greg Davis of Excel Trust, a California-based REIT owned… Read more »