After signing a deal with T-Mobile, Virginia-based nTelos is shutting down its local operations. And the closures will put several prime storefronts back on the market.
Commercial Real Estate
Law firm jumps downtown towers
A large local law firm has picked a new office tower for its HQ and will leave a 80,000-square-foot gap in its current building when it makes the switch in the summer.
VCU grabs more space on Cary
The university is continuing its push into the downtown area and has scooped up a retail space on West Cary Street that it plans to convert into an office.
Notorious night club building sold
A shuttered Shockoe Bottom club property is under new ownership and is set to ditch its bar and dance floor for desks and conference rooms.
Bon Secours signs on to Short Pump project
Bon Secours will anchor an upcoming Atack Properties Short Pump development with a new medical complex on 21 acres.
Scott's Addition warehouse swaps owners
A commercial construction company that had been in the neighborhood for 18 years will vacate its warehouse after changes in the area and a $1.8 million deal with an HR firm.
Chesterfield project makes room for $12M offices
With more than 700 residential units on the rise, Bill Goodwin’s massive Chesterfield development is adding office space into the mix.
Developer offers up $2.6M in shares of family business
The namesake of a local real estate firm is unloading a large chunk of his shares in the family company. This is the second such sale for Hank Wilton, who sold off some 3,000 shares last year after filing for bankruptcy.
Real estate firm sells management portfolio
A local real estate veteran is letting go of the property management arm of his business to focus on brokerage and development.
Builder adds $12M facility to senior living complex
The growing market for new senior living facilities is fueling more development in Midlothian, and a local home builder is about to start construction on a project for residents with Alzheimer’s disease and dementia.