Commercial Real Estate

The Henrico-based real estate firm looked to Wahoo country to deploy the first slice of a $50 million pool of investor capital it secured earlier this year.

The architecture and interior design practice formerly known as Price Simpson Harvey recently move its headquarters from Foushee Street in Monroe Ward to a space above Jason’s Deli on Willow Lawn Drive. 

The warehouses total 745,000 square feet and are fully leased to tenants such as packaging giant WestRock, logistics firm Veritiv and meat distributor Prime Meats. 

Previously only rumored to be involved in the project, the e-commerce giant purchased the Rockville site for $16.5 million weeks after plans were filed to revive the development.

Douglas paid $19 million for the former Dominion Energy high-rise in Richmond’s Financial District with plans to redevelop the 20-story building into 200 hotel rooms and 290 apartments.

The VCU Real Estate Foundation paid $540,000 for the vacant two-story structure that’s across from the construction site at Broad and Belvidere. 

Next year is shaping up to be a notable one for the Springline at District 60 development in Chesterfield, with a second mixed-use building slated to break ground and some of the first phases at the site expected to finish construction.

Breakwater Cos. is planning similar projects at both sites, each with about 170 apartments above 5,000 square feet of commercial space.

The boutique hotel in the heart of Old Towne Petersburg opens today as the second iteration of the original Hotel Petersburg that first opened in 1916.

As part of the deal, Ralph Reahard and Rob Hunter launched a new business, WatchPoint Commercial Real Estate. It now has nearly 500 accounts totaling over 2 million square feet of commercial space throughout Central Virginia.