Richmond
On the Market: 5 Interesting Listings for October
This month’s listings include a CVS Pharmacy store in Michigan, a vintage multifamily asset in Richmond, Va., and a recently renovated flex building in Miami.
Richmond Office Building Trades in Sale-Leaseback Deal
Southern States Cooperative received $14.7 million for the six-story asset. The buyer selected Cushman & Wakefield | Thalhimer to handle property management and leasing services.
Divaris to Handle Retail Leasing at Richmond’s Libbie Mill
Upon completion, the 80-acre mixed-use project situated in Henrico County could encompass more than 1 million square feet of retail and office space.
Go Store It Acquires Richmond-Area Asset
The firm expanded its portfolio with a 348-unit self-storage property located in Moseley, Va., roughly 23 miles from downtown Richmond.
Delta Hotels by Marriott Comes to Chesapeake Bay
The recently transacted hotel, situated on the Chesapeake Bay beach, will undergo a $25 million renovation program in the fourth quarter of 2018.
Bridge Sells VA Office Campus for $62M
The real estate investment management firm sold SunTrust Center One and Two, a 419,700-square-foot office complex in Richmond, to FD Stonewater just one year after purchasing the asset.
JV Buys Warehouse, Plans Office Revamp in Richmond
The 35,985-square-foot industrial asset is located in the Scott’s Addition neighborhood. The new ownership intends to reposition the asset as a creative office property, with extensive remodeling work planned for the next six months.
VA Beach Office Asset Lands New Management
Mercer Street’s recently purchased Class A property encompasses more than 70,000 square feet and is fully leased to Amerigroup Corp.
MCR Acquires $11M VA SpringHill Suites
The four-story, 136-key SpringHill Suites by Marriott Richmond North Glen Allen is situated at the intersection of interstates 295 and 95, a five-minute drive from major distribution centers and office parks.
STIHL Expands Virginia Beach Corporate HQ
The new 80,000-square-foot addition to STIHL’s corporate headquarters and manufacturing campus will include office space, a museum and a customer welcome center.