The purchase of a shopping center in Henrico for $18 million was the week’s top sale and 35,000 industrial square feet in Hanover was the top lease.
The Pipeline: Commercial real estate roundup for 12.3.21
Richmond
6-story apartment building planned for Broad Street parking lot
Zac Frederick’s Crescent Preservation & Development wants to build 39 apartments between a Bank of America branch and a Mexican restaurant.
Yorktown peer is latest acquisition by local commercial printer
Henrico-based Worth Higgins & Associates’ deal to buy Taylored Printing will increase its employee headcount to 175.
Dodson buys property management companies in Petersburg, NoVA
The acquisitions include Plum Street Partners, the property management division of Petersburg developer Dave McCormack’s Waukeshaw Development.
Fast-growing retailers take 48 Hours Food Store space in Forest Hill
Ezaddin “Dean” Alshami and Faisel Suort will open a location of their National Gourmet Market chain at 5091 Forest Hill Ave.
Updated: Developer under contract to buy downtown assisted living facility
After decades as an assisted living facility, a century-old Monroe Ward building is set to change hands – and its redevelopment may not be far behind.
LeClairRyan trustee reaches $10M settlement with firm’s former leaders
Included in the settlement is co-founder and namesake Gary LeClair and two other former CEOs. The money will be paid from an insurance policy.
Dust settles on new woodworking studio near Scott’s Addition
The Workbench RVA opened in November at 1105 N. Arthur Ashe Blvd., offering access to tools, equipment and workspace.
VCU plans $181M arts building, $44M data center on Broad Street
The 196,000-square-foot Arts and Innovation Academic Building would rise across the street from the Institute of Contemporary Art, while a new data center would go up on a nearby parking lot.
Developers team up to build 188-unit Southside apartment building
The five-story complex at 103 E. 2nd St. continues a years-long multifamily hot streak in Manchester.