Citizens Bank signed a long-term lease in 2019 for the entire 120,000 square feet for its local headquarters. The new landlord likes banks’ low default rates.
Bank-anchored building near Virginia Center Commons sells for $15M
Commercial Real Estate
Richmond Pilates studio adds second location in Irvington to fill a niche
The owner moved to the area after opening a gym in the Fan and sees a market for a boutique fitness studio where she lives.
Doctors buy former Mojo’s Philadeli building near VCU for $790K
The building that formerly housed the bar and restaurant at 733 W. Cary St. sold for $40,000 more than what the sellers paid for it in December.
Beehives on downtown office buildings sweet for corporate teambuilding
Bee Downtown expanded into Richmond from North Carolina with its first hives in Virginia atop the 26-story SunTrust Center at 919 E. Main St.
VUU acquires warehouse across from football stadium for $2.5M
The 23,300-square-foot building adds to the university’s holdings in the area, where a 1950s-era apartment complex also changed hands for $7.3 million.
Cobra Burger slithers into new indoor dining spot in Church Hill
Two former butchers “with the best ground beef” became restaurateurs but they had only offered takeout since launching in February.
Lacy-owned properties on Arthur Ashe Blvd. being sold for apartment project
The five parcels, which total 3.3 acres and are assessed at a combined $9 million, currently house Cort, Tilt Creative and Buz and Ned’s Real Barbecue.
Brothers turning Brookland Park Market into a sit-down restaurant
After selling groceries, beer, wine and sandwiches, Sean and Pat Lynch decided to pivot to fine dining.
Office Depot’s South Richmond store will be stapled shut in August
The office supplies retailer will permanently close at the Shops at Stratford Hills but it will still have stores in the region.
The Pipeline: Commercial real estate roundup for 7.2.21
A university’s purchase of 23,350 square feet in Richmond for $2.5 million was the week’s top sale and 7,200 square feet in Hanover was the top lease.