Seven GVA Advantis brokers left the troubled firm last week and are starting an affiliate of a new firm. Leading the pack is Charles Polk, who was GVA’s all-time top-producing broker.
Grubbs & Ellis | Harrison & Bates
The Pipeline: Commercial Real Estate Round Up for 6.12.09
GPM Investments, an operator of convenience stores on the East Coast, has leased 25,600 square feet at 8565 Magellen Parkway in Henrico. Precision Recycling leased 15,300 square feet at 13101 N. Enon Church Road in Chesterfield.
The Pipeline: Commercial Real Estate Round Up for 5.8.09
R.E. Michel Company, a wholesale HVAC distributor, purchased the 20,500-square-foot industrial property in Chesterfield from K.B. Properties LLC for $1.625 million. R.E Michel, plans to relocate their distribution operations to this location. Andrew Todd Properties LLC purchased the 5,900-square-foot office building at 2310 W. Main St. in Richmond from Rich 6 LLC for $402,500.
Richmond’s piece of the coming commercial real estate shakedown
Riverside on the James, Richmond’s FBI Headquarters on Parham, a former Circuit City headquarters building. All three are among the local properties that have large commercial mortgages coming due in the next two years. Between now and the end of 2010, there are 27 CMBS loans coming due in the Richmond metropolitan area with $178.2… Read more »