Commercial Real Estate

Parham office complex sold for $12M

Parham Place ftd

The owner of MeadWestvaco’s downtown headquarters grabbed another office property last week, the long-term headquarters of a direct marketing firm.

Busy apartment market adds $20M in new listings

Newport Manor Apartments ftd

The local real estate market has seen a flurry of recent apartment deals and listings, and two more properties in Shockoe Bottom and the Southside are now up for grabs.

Hanover OKs 120-acre development

Edge Development Partners Rendering ftd

A ‘multi-use’ development that will build 200,000 square feet of commercial space and 530 residential units on the edge of Mechanicsville got the go-ahead from county supervisors this week.

HDL takes next step for VCU lease deal

With court approval, HDL is hurrying to finalize a lease with VCU that would give the university 45,000 square feet in its downtown headquarters building and save the lab company $1.5 million annually in rent and utilities.

Medical practice to revive vacant college

Centura College Nephrology ftd

A kidney specialist is gutting a former college building in Henrico County that it will convert into a new medical office building – for its own operations and another large tenant.