The Pipeline

Pipeline Commercial Real Estate Round Up for 11.14.08

Thalhimer reports Kroger has leased 86,000 square feet at The Corner at Short Pump located at the corner of West Broad Street. and Lauderdale Drive. The 250,000 square feet shopping center recently broke ground and the new Kroger is expected to open in late 2009. Old Bon Air Partners sold two office buildings at 1030… Read more »

Pipeline Commercial Real Estate Round Up for 11.7.08

The City of Richmond purchased an animal shelter at 1600 Chamberlayne Ave. from the Richmond SPCA for $944,000. Kanawha Capital Management leased 5,500 square feet at 2235 Staples Mill Road, and Tristar Wholesale leased 26,000 sf in Manchester. Click on the link to read more deals. The City of Richmond purchased an animal shelter at… Read more »

Pipeline: commercial real estate roundup for 10.31.08

Morgata LLC purchased the medical office building at 8201 Atlee Road in Mechanicsville, VA, from Meadowbridge LLC for $1.6 million, or approximately $133 per square foot. Innovision Investment Group acquired the industrial property at 1400-1422 Chamberlayne Ave. in Richmond, VA, from Jackson & Edney Investments LLC for $1.74 million, or about $23 per square foot…. Read more »

Pipeline: Commercial Real Estate Roundup for 10.17.08

CB Richard Ellis announces the following transactions: Logistics Systems Incorporated leased 42,000 sf at 1821 Battery Dantzler Rd. in Chesterfield. The company started as a logistics management consulting business and has since expanded to provide IT services and staffing consulting. It is headquartered in Washington, DC. Contact: Lawrence Wilkerson, President and CEO 202-347-0821 Better Business… Read more »

Pipeline: Commercial Real Estate Roundup for 10.10.08

Thalhimer reports the following transactions: Owens & Minor Medical, Inc. has purchased 50 acres of land within Atlee Station in Hanover. The land was purchased from Media General, Inc. for $5,398,650. Owens & Minor has purchased the land as an investment for future use. The Richmond-based company distributes medical and surgical supplies to hospitals and… Read more »

The Pipeline: Commercial Real Estate Roundup for 10.03.08

Jack P. Fine & Associates has purchased 7,000 sf at 2405 Chamberlayne Ave. in Richmond. The property is home to an Advance Auto Parts store. It was sold by Chamberlayne Developers for $1.56 million, or $223 per sf. The freestanding retail building is located in the Laburnum/Rt. 360 retail submarket. Advance Auto Parts fully leases… Read more »

Pipeline: Commercial Real Estate Roundup 9.26.08

Doswell Hospitality LLC delivered the first of three hotels, called the Days Inn at Kings Dominion, in June. Doswell Hospitality sold the property to Sumtinath LLC for $3.2 million. Located at 16220 International St., the Days Inn is a three-story hotel that offers 50 rooms. The other two hotels are currently under construction. Doswell Hospitality… Read more »

Pipeline: Commercial Real Estate Roundup 9.26.08

Doswell Hospitality LLC delivered the first of three hotels, called the Days Inn at Kings Dominion, in June. Doswell Hospitality sold the property to Sumtinath LLC for $3.2 million. Located at 16220 International St., the Days Inn is a three-story hotel that offers 50 rooms. The other two hotels are currently under construction. Doswell Hospitality… Read more »

The Pipeline: Businesses on the move 6.09.08

Thalhimer reported the following deals: Ruth & Ollie has leased 3,867 sq.ft. at 3445 W. Cary Street in Richmond and plans on opening July 14th. The furniture store currently operates in a smaller store on Libbie and Grove. The Cary Street store is under construction and will be 4.5 times the size of the existing… Read more »

The Pipeline: Businesses on the move for 5.2.08

This is the first installment of a regular (possibly weekly) feature that will report on businesses that are leasing new space, buying property, expanding or shrinking. Flagstop CarWash bought 1.72 acres at 9828 E. Parham Rd. from the Royal Oldsmobile Company for $1.3 million and plans to tear down the existing structure and build a… Read more »