Commercial Real Estate

A new event series at Scott’s Addition’s newest events space kicked off this week near the intersection of West Broad Street and North Boulevard. The recently redeveloped Hofheimer Building at 2816 W. Broad St. on Thursday hosted the first evening of its “Sunsets at the Hof,” a series of happy hours intended to let the… Read more »

It took a drizzly 13 minutes at the Henrico County courthouse for a West Broad Street shopping center to fall into the hands of its lender. The Lexington Commons Shopping Center at 10156-10192 W. Broad St. was foreclosed on at an auction on Thursday and went under the control of LNR, a special servicer acting… Read more »

The availability, or lack thereof, of business-ready shell buildings in the metro Richmond area was the focus of the first in a new series of panel discussions to highlight economic development issues facing the region.

A portfolio of West End office buildings is under new ownership in a deal that brings a local commercial real estate brokerage in as a new tenant. Grander Capital Partners purchased the office buildings at 7200, 7202, 7204 Glen Forest Drive, along with 7110 Forest Ave in the Glen Forest Office Park on May 4…. Read more »

With the ink still drying on a lease for a Shockoe Bottom space, a fast-growing Richmond company has signed another deal to set up shop in one of Scott’s Addition’s most recognizable buildings. Evatran, a maker of wireless charging stations for electric cars, announced Tuesday its plans to move to consolidate its manufacturing operations and… Read more »

Seeing fertile ground in the blocks near the redeveloped Central National Bank building, a recently minted Church Hill resident is kicking off his plans in Richmond with a real estate project in Jackson Ward. Forrest Frazier, who runs Forrest Fraizer | Architecture, and an investor in Florida have a mixed-use development in the works at… Read more »

A local car dealer’s proposed 18-acre development near the Henrico/Goochland county line could get its final approval today. Larry Page, who owns Page Auto Group, is planning a 41,000-square-foot Audi dealership at 12592 Broad Street Road in Goochland County. The location would replace Page’s current Audi showroom in Henrico at 9001 W. Broad St. and… Read more »

In the midst of a big capital raise, a local real estate firm has added to its Richmond property portfolio. Hackney Real Estate Partners on April 7 purchased Midlothian Crossing Shopping Center at 8535 Midlothian Turnpike. The company paid $4.95 million for the 88,000-square-foot property, which sits on 9.85 acres, according to a Chesterfield County… Read more »

Low gas prices haven’t put a damper on deals for local gas stations. A Washington, D.C.-based buyer last month purchased the 3.6-acre Fas Mart gas station property at 1700 Ashland Road for $1.83 million. Josh Ein, a broker at Marcus & Millichap, said he and colleague Dean Zang handled the deal on behalf of the… Read more »

A piece of land that for years has struggled to secure a commercial user – despite its location in bustling Short Pump – is finally slated for development. Three acres of a 4-acre property between Interstate 64 and Tom Leonard Drive this month received the endorsement of the Henrico County Planning Commission to house a… Read more »