One of Richmond’s big real estate players has sealed a pair of eight-figure deals in Hampton Roads and Tennessee. Lingerfelt CommonWealth Partners this month announced a $74 million transaction that transferred ownership of the Bank of America Plaza office building in Nashville. The 435,525-square-foot building sold to a joint venture that’s 95 percent owned by… Read more »
Search Results for: downtown
Ledbury finds better fit on Broad Street
With the lease expiring at its longtime Shockoe Bottom headquarters, a homegrown shirtmaker is stepping into a downtown property owned by the Ukrops. Ledbury signed a lease this month to relocate its home base and flagship retail shop to three floors at 315 W. Broad St. The 7-year-old menswear brand plans to move into the… Read more »
Shockoe Slip building heading to foreclosure
A downtown building that’s home to apartments and a Japanese eatery is headed to the auction block. The Shockoe-Cary Building at 19-21 S. 13th St., which sits at the corner of East Cary Street, is scheduled for a June 1 foreclosure auction at 11 a.m. on the steps of the Richmond Circuit Court, according to… Read more »
The Pipeline: Commercial real estate deals for 5.27.16
Some Carytown retail space gets snatched up, Scott’s Addition continues its hot streak, a downtown building sells for $600,000, plus more space for Bon Secours, McKesson and others.
VCU stakes $44M claim in Short Pump
A recently developed medical office building and nearby parking lot in Towne Center West in Short Pump are now owned by VCU Health. VCU Health System Authority acquired the 111,000-square-foot, five-story medical office building at 11958 W. Broad St. earlier this month for $39.99 million, according to Henrico County records. It paid an additional $3.9… Read more »
N.C. buyer snatches up Bank of Virginia
The wave of bank consolidation has come ashore in Richmond once again. Midlothian-based Bank of Virginia and its parent company Cordia Bancorp announced on Friday a deal to be acquired by First Citizens Bank & Trust, one of the top 50 largest banks in the U.S. The all-cash deal, which is expected to close by… Read more »
Startup expanding across the (man-made) pond
As it adds more clients and expands its employee count, a local insurance price comparison website is tripling the size of its Henrico County headquarters. Compare.com is relocating this summer to 26,000 square feet at 140 Eastshore Drive in Glen Allen. The move will be a quick one, as its current office at 201 Concourse… Read more »
Update: Luck Cos. serves up deal with new Farrell-led firm
Update: This story has been updated to report the fact that investment banking firm SunTrust Robinson Humphry represented Luck in the Har-Tru transaction. An upstart downtown private equity firm and a nearly century-old local company struck a deal this week that brings together members of two of the most well-known family names in the Richmond business scene…. Read more »
West Coast ad agency opens office in Richmond
A newcomer to the Richmond advertising scene is making its entrance to the market through a pair of Golden Arches. San Francisco-based H&L Partners has set up shop in Shockoe Bottom after picking up the regional co-op account for McDonald’s. The local office adds to others in St. Louis and Boston, with a fifth office… Read more »
CarMax grabs more of the Hat Factory
CarMax will have some more elbow room when it sets up its new downtown space this summer. The used car retail giant has added 6,000 square feet to the 26,000 it leased back in February in the Lady Byrd Hat factory building at 140 Virginia St. The company confirmed the additional space but could not… Read more »