Commercial Real Estate

With the lease expiring at its longtime Shockoe Bottom headquarters, a homegrown shirtmaker is stepping into a downtown property owned by the Ukrops. Ledbury signed a lease this month to relocate its home base and flagship retail shop to three floors at 315 W. Broad St. The 7-year-old menswear brand plans to move into the… Read more »

A downtown building that’s home to apartments and a Japanese eatery is headed to the auction block. The Shockoe-Cary Building at 19-21 S. 13th St., which sits at the corner of East Cary Street, is scheduled for a June 1 foreclosure auction at 11 a.m. on the steps of the Richmond Circuit Court, according to… Read more »

Here’s something Scott’s Addition doesn’t hear every day: Happy trails. After less than a year in business, Idle Hands Bread Co. has vacated its 3103 W. Leigh St. bakery in the increasingly popular neighborhood with plans to move in June to a bigger space at 312 Brook Road in Jackson Ward. Owner Jay Metzler said… Read more »

A local firm that specializes in due diligence is leaving its Innsbrook office for one its owner just bought in Chesterfield County. Dominion Due Diligence and its 120 employees will relocate by the end of the year to 201 Wylderose Drive, a 26,000-square-foot building purchased this month by its founder and president, Rob Hazelton. Through… Read more »

Las Vegas may be the deal-making capital for Richmond real estate pros this week. Brokers, developers, lawyers, engineers and architects from at least 20 Richmond firms made the trip out to retail commercial real estate conference RECon, a trade show and networking event hosted annually at the Las Vegas Convention Center. Local companies Commonwealth Commercial… Read more »

A recently developed medical office building and nearby parking lot in Towne Center West in Short Pump are now owned by VCU Health. VCU Health System Authority acquired the 111,000-square-foot, five-story medical office building at 11958 W. Broad St. earlier this month for $39.99 million, according to Henrico County records. It paid an additional $3.9… Read more »

Another massive clandestinely named industrial project is in the works in Meadowville Technology Park in Chesterfield County. The Chesterfield Economic Development Authority is helping shepherd the development of a 600,000-square-foot warehouse and office facility for an unnamed tenant on 62 acres directly adjacent to Amazon’s sprawling distribution center. That’s according to an application the EDA… Read more »

In an effort to win over city planners and a vocal group of neighbors, the developers behind the proposed transformation of a West End movie house have tweaked their planned mixed-use development to make it shorter and smaller. Jason Guillot and Stefan Cametas last week submitted revised plans for their Westhampton on Grove, a project… Read more »

The price tag on a Boston-based firm’s acquisition of four West End office buildings reached eight figures. Grander Capital Partners, through Glen Forest Richmond LLC, paid $14.25 million for 7110 Forest Ave. and 7200, 7202 and 7204 Glen Forest Drive, according to Henrico County records. The sale closed May 4 and was reported by BizSense… Read more »

CarMax will have some more elbow room when it sets up its new downtown space this summer. The used car retail giant has added 6,000 square feet to the 26,000 it leased back in February in the Lady Byrd Hat factory building at 140 Virginia St. The company confirmed the additional space but could not… Read more »