Here’s something Scott’s Addition doesn’t hear every day: Happy trails. After less than a year in business, Idle Hands Bread Co. has vacated its 3103 W. Leigh St. bakery in the increasingly popular neighborhood with plans to move in June to a bigger space at 312 Brook Road in Jackson Ward. Owner Jay Metzler said… Read more »
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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.
Auto-focused ad shop rolls into town
Another national ad agency has set up shop in Richmond, this one with a focus on clients that deal in wheels. Dallas-based Wheeler Advertising opened an office in the Moorefield office park off Midlothian Turnpike last month. The agency signed a two-year lease for a 2,300-square-foot space at 812 Moorefield Park Drive. The office adds… Read more »
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 »
The Herd: New hires, promotions and departures for May 24, 2016
Moves this week in law, real estate, marketing and more.
Social media for breakfast
A local blogger, adjunct professor and recent president of the Richmond Ad Club is starting her own firm focused on online PR and social media strategy. Christina Dick recently launched TFB Agency, a consulting practice to help clients improve their online presence and reach potential customers through social media, blogs and other techniques. Named for… 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 »
Sneak peek: Wegmans ready to launch in Midlothian
A live lobster tank. A full-service sit-down restaurant. A children’s play area with movies on rotation. An extensive wine and craft beer selection. These are just some of the things that shoppers will be oohing and ahhing over when the area’s first Wegmans grocery store opens its doors Sunday morning. The 115,000-square-foot store in the… Read more »
The Pipeline: Commercial real estate deals for 5.20.16
Lingerfelt CommonWealth announced the following deal: Lingerfelt CommonWealth Realty Partners acquired Towne Place at GreenBrier in Hampton Roads. The purchase price was $15.55 million. The 78,827-square-foot retail center is 94.7 percent leased. Cushman & Wakefield | Thalhimer announced the following deals: HuguenotTownPlace LLC bought for $900,000 the 0.6 acres at 1401 Huguenot Rd. in Chesterfield… Read more »
Third local Subaru dealership in the works
A Charlottesville-based car dealer is adding to its lineup in the Richmond market. Carter Myers Automotive is building a new Subaru dealership in Chesterfield County after winning the rights to run the Japanese automaker’s third location in the area. Dubbed Colonial Subaru, the lot and showroom are taking shape on 4 acres at 2122 Ruffin… Read more »