Commercial Real Estate

The shopping center last sold in 2019 for $29 million. The latest sale did not include the anchor Kroger building or Wells Fargo outparcel.

Straddling the Goochland-Hanover line, the 14-lot park is expected to meet a growing demand for light industrial space in the Richmond market, which was recently listed as the 13th tightest industrial market in the country.

After pondering their futures, grappling with insurance companies and searching for space, at least a few of the displaced businesses have found new homes and are trying to put the experience behind them.

Dave and Meril Gerstenmaier are offering their design and development knowhow for a build-to-suit office project on a site behind their former Grove Avenue design studio.

The venue is expected to serve as a new revenue stream to help support Tequila & Deadlifts, the Fan gym that owner Kerith Rae wants to expand with a second location. 

Dalian Development has formally filed an appeal to try to reverse a Richmond Circuit Court ruling related to a lease dispute on a surface parking lot it owns at 3210 W. Marshall St. 

After a run that lasted just four years, Ted and Katie Ukrop’s Charlottesville version of Richmond’s Quirk Hotel is under new ownership and will be rebranded later this year.

The listing comes just weeks after a Fairfax-based developer received city approval to build a three-story development with a dozen apartments plus commercial space.

Sixteen years after its first phase was built, Lynx Ventures will develop the final leg will be a 127-unit apartment building at 1021 E. 4th St.

The 114-room Home2Suites and 111-room Residence Inn and Suites will add to two restaurant buildings that the hotelier has previously announced for the transforming former mall site.