The deal gives Publix control of its own store as well as ownership of storefronts leased to tenants like Gold’s Gym, Crumbl Cookies and Little Caesars.
Publix becomes its own landlord in Chesterfield with $35M shopping center deal
Commercial Real Estate
Developer Jay Nichols eyes new office building in Libbie-Patterson area
Nichols, whose family for years owned HandCraft Cleaners, is looking to build a 3-story office building on Granite Avenue, where the Book People bookstore building once stood.
Thalhimer scraps Arthur Ashe Blvd. apartment project, sells land to HCA
Thalhimer had planned a mixed-use building with 150 apartments and an HCA emergency center as the commercial tenant. Now, apartments are off the table, while HCA’s plans continue on.
Glenwood Farms redevelopment now planned for nearly 1,000 units
Developers Spy Rock Real Estate and Crescent Development are now planning 950 residential units, at least 150 more than what was planned when Henrico announced the public-private project in May.
Owens & Minor moving HQ to Henrico
The Fortune 500 is relocating its global headquarters to a much smaller space in Henrico County after selling its longtime Hanover hub to VDOT earlier this year for $33 million.
Union Hill church building to be converted to apartments beside 19 new townhomes
The apartments would fill the basement and first and second floors of the 20,000-square-foot church building, which was constructed in 1891 as Venable Street Baptist Church.
Capital Square scraps plans for new Short Pump HQ
The Henrico-based real estate firm had intended to build a four-story, 65,000-square-foot office in West Broad Village but instead has sold the parcel back to the owner of the shopping center.
Two Midlo office buildings sell for $4M beside planned five-story apartment building
The deal has consolidated ownership of a four-building office park in Midlothian’s Salisbury area, next door to the site of a $33M apartments development that’s about to get underway.
One South Commercial plants flag in Devil’s Triangle building
The wedge-shaped building along Arthur Ashe Boulevard was sold to the broker group and developer Dave McCormack by an LLC tied to development firm Rebkee.
CRE firm Newmark to open first Richmond office in Scott’s Addition
The commercial real estate giant entered the local market a few years ago but had yet to set up a formal office in the Richmond area.