Two of Richmond’s biggest commercial real estate firms will soon be packing up and moving to new headquarters.
Commercial Real Estate
A cold cut war between a local sandwich shop and its non-responsive landlord has been settled after more than two years of battle. During the height of the conflict, the landlord would not call back or respond to more than 10 letters. So the tenant stopped paying rent for about a year.
Thalhimer reports the following deals: Planned Furniture Promotions leased 25,000 square feet at 3035 Transport Street in Richmond. County of Henrico leased 10,000 square feet in Gaskins Centre Building III at 9878-9898 Mayland Drive in Henrico. Sleepys, LLC leased 8,300 square feet at Westchester Commons, Rt. 288 at Midlothian Tnpk., in Chesterfield. CB Richard Ellis… Read more »
With two new tenants signing leases for first-floor space, one of the mixed-use buildings at Rocketts Landing is, commercially speaking, fully leased.
Hanover County purchased a 14,400 square feet flex condo unit at 9732-9742 Atlee Commons Road in Hanover for $1.7 million. The Witmeyer Law Firm leased 1,920 square feet at 10035 Sliding Hill Road in Hanover.
After years of hype and decades of false starts, construction has started on a $66 million renovation of the iconic Hotel John Marshall. Crews are assembling the fence around the site, and demolition workers are taking out the old furniture.
Smurfit-Stone Container Enterprises Inc. purchased the 315,696 square foot industrial building at 5710 S. Laburnum Avenue in Richmond from Stanley Works Inc for $6.08 million.
The commercial real estate market has slowed down over the last couple of years, but that didn’t stop hundred of professionals from gathering last night to celebrate the best new projects in the Richmond at the annual GRACRE awards.
Acosta Sales and Marketing Company leased 11,300 square feet in Henrico. GTAT Enterprises Inc. leased 3,810 square feet on Alverser Drive in Chesterfield and Advanced Auto leased a new location on W. Broad St.
As long as developers built new strip centers along the region’s major thoroughfares, such as Mechanicsville Turnpike, shoppers would come a-spending. Or so it seemed. Now retailers are signing leases again.