The Pipeline

Pipeline: Commercial Real Estate Round Up for 1.23.08

Richmond International Raceway purchased a 35,300 square foot building at 4001 Carolina Ave. in Henrico for $1 million. Robert L Borum and Associates LLC purchased a 9,600 square foot flex-space building at 8191 Staples Mill Road in Henrico County from Rastek Construction and Development Corp. for $1 million. Click on the story link for more… Read more »

Pipeline Commercial Real Estate Round Up for 12.19.08

Mygrant Glass Company, an auto glass distributor, has leased 41,500 square feet at 11730 N. Lakeridge Parkway in Ashland. Affinion Loyalty Solutions, a multinational marketing company that specializes in customer loyalty programs, has leased 57,000 square feet at 7814 Carousel Lane in Henrico County. Click the link for more deals. CB Richard Ellis reports Affinion… Read more »

Pipeline: Commercial Real Estate Round Up for 12.11.08

Thalhimer reports Classic Construction Exteriors purchased a 2,500 square feet office/warehouse building in the Crossroads Business Center at 11624 Busy Street in Chesterfield from DSST Holdings for $315,000. The exterior remodeling company is moving from a smaller facility elsewhere in the county. Grubb & Ellis | Harrison & Bates reports Manakin Holdings purchased the former… Read more »

Pipeline Commercial Real Estate Round Up for 12.5.08

CB Richard Ellis reports IES Commercial, Inc., a communication and electrical service company headquarted in Houston, leased 23,800 square feet on Lakeridge Parkway in Hanover County. The Richmond office will be moving from its current location in the East End. Thalhimer reports the Virginia Veterinary Medical Association purchased a 1,700 square foot office condominium at… Read more »

The Pipeline: Commercial Real Estate Round 11.21.08

Thalhimer reports that the Democratic Party of Virginia purchased a 15,000 square foot office building at 1710 East Franklin Street from Tinsman Holdings for $1.15 million. Harrison & Bates reports Jacobson Companies, a third party logistics provider, leased 52,000 square feet at 11200 Old Stage Road in Chesterfield. The law firm of Midkiff, Muncie &… Read more »

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 »