March 15, 2009

COMMERCIAL NOTES  03/15/09 12:01 AM

SALES Grubb & Ellis/Harrison & Bates reports the sale of a 8,840-square-foot industrial building at 3007 Lincoln Ave. in Henrico County for $456,500 to Alphagraphics from Wilson Properties. Zac Frederick and Lewis Little Jr. handled the transaction. LEASES Grubb & Ellis/Harrison & Bates reports the following leases:


March 08, 2009

COMMERCIAL NOTES  03/08/09 1:01 AM

SALES Thalhimer/Cushman & Wakefield reports the sale of 10,944 square feet at 12 E. Main St. in Richmond for $1 million to Trustworth Properties.


March 01, 2009

COMMERCIAL NOTES  03/01/09 1:01 AM

Porter Realty Co. Inc. reports the following leases:

  • 48,000 square feet at 1306 Jefferson Davis Highway in Richmond to Corpak Corp.
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  • 19,625 square feet at 4263 Carolina Ave. in Henrico County to Dominion Fiber Technologies Inc.
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  • 14,400 square feet at 11223-B Leadbetter Road in Hanover County to United Transport Service.

  • February 22, 2009

    COMMERCIAL NOTES  02/22/09 12:01 AM

    LEASES CB Richard Ellis reports the following leases:

  • 26,190 square feet at 1400 Ingram St., Building 4, in Richmond to Spencer Brothers Inc.
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  • 25,000 square feet at 3301 Rosedale Ave. in Richmond to Virginia Label Co.

  • February 15, 2009

    COMMERCIAL NOTES  02/15/09 12:01 AM

    SALES Grubb & Ellis/Harrison & Bates reports the sale of 15,981 square feet at 8101-8121 W. Broad St. in Henrico County for $2.41 million to Pine Dell Shopping Center LLC. Brian Glass and Yasmine Hamad represented the buyer. LEASES Porter Realty Company Inc. reports the following leases:

  • 16,745 square feet at 3946 Deep Rock Road in Henrico to Armstrong Wood Products Inc.

  • February 08, 2009

    COMMERCIAL NOTES  02/08/09 12:01 AM

    SALES Mike Lowry Co. reports the sale of The Shoppes at Bell Creek, a 65,781-square-foot shopping center at 8319 Bell Creek Road in Mechanicsville, for $9.5 million to Envoy Realty Partners LLC of New York. The seller was The Shoppes at Bell Creek LLC. Commonwealth Commercial Partners Inc. reports the following sales:

  • 9,600 square feet at 8191 Staples Mill Road in Henrico County for $1.075 million to R.L. Borum. The seller was Raztek Construction and Development Corp.
  • Jim McVey represented the buyer.


    February 01, 2009

    COMMERCIAL NOTES  02/01/09 12:01 AM

    SALES Thalhimer/Cushman & Wakefield reports the sale of 36 acres at Old Forest and Forest Brook roads in Lynchburg for $8.45 million to Wal-Mart Real Estate Business Trust. Lee Warfield and Pete Waldbauer handled the sale negotiations. LEASES CB Richard Ellis reports the following leases:

  • 25,414 square feet at 1401 Ingram St. in Colonial Heights to Sonoco Recycling Inc.

  • January 25, 2009

    COMMERCIAL NOTES  01/25/09 12:01 AM

    CONTRACTS Clachan Properties LLC has retained Thalhimer/Cushman & Wakefield to manage the following rental units in or near Virginia Commonwealth University’s academic campus and in downtown Richmond:

  • T&E Apartments at 1011 W. Marshall St.;
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  • Grace at Monroe at 401 W. Grace St.;
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  • Broad Street Lofts at 713 W. Broad St.;

  • January 18, 2009

    COMMERCIAL NOTES  01/18/09 12:01 AM

    SALES Porter Realty Co. Inc. reports the following sales:

  • 58,000-square-foot building on 4.7 acres at 401 England St. in Hanover County for $3.2 million to Yancey S. Jones.
  • Robert E. Porter Jr. and Kevin E. Cox represented the buyer. 
  • 13,980-square-foot office/warehouse building at 10405 Dow Gil Road in Hanover for $950,000 to Thunder Properties LLC from Arnold Properties LLC.
  • Clifford B. Porter represented the seller.


    January 04, 2009

    COMMERCIAL NOTES  01/04/09 12:01 AM

    LEASES Sigma National Inc. reports the following leases:

  • 25,000 square feet at West Broad Village on West Broad Street in Henrico County to Home Goods.


    December 28, 2008

    COMMERCIAL NOTES  12/28/08 12:01 AM

    LEASES Thalhimer/Cushman & Wakefield reports the following leases:

  • 45,921 square feet at 5700 Eastport Blvd. in Eastport III in Henrico County to Phoenix Metals Co.
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  • 41,540 square feet at 11730 N. Lakeridge Parkway in Enterchange @ Northlake in Ashland to Mygrant Glass Co. Inc.
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  • 5,400 square feet at 11311 Business Center Drive in Branchway Business Center in Chesterfield County to Pack & Ride Inc.

  • December 21, 2008

    COMMERCIAL NOTES  12/21/08 12:01 AM

    SALES Have Site Will Travel reports the sale of 6.24 acres at 6021 Mechanicsville Turnpike in Hanover County for $2.3 million to Mechanicsville Storage. The Patrick Group sold the land, which had been planned for a car dealership. John Jay Schwartz represented the seller. Mike Carroll represented the buyer. LEASES


    November 23, 2008

    How strong is the shopping spirit?  11/23/08 12:01 AM

    The traditional start of the holiday selling season starts this week. But with the economy in the doldrums, retailers are concerned about what awaits them, and consumers will be deciding whether they spend more or less this season than last. Retailers are worried about the ho-hum holiday spending predictions. TNS Retail Forward, a Columbus, Ohio-based retail think tank, predicts retail sales to grow by 1.5 percent this holiday season, compared with a 2.7 percent growth rate last year.

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