The Pipeline: Commercial real estate overview for 3/18/22

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TOP THREE SALES

No. 1: Sam Ashland I, LLC bought 51.9 acres in the 11000 block of the Washington Freeway in Hanover for $4.3 million from Virginia TAB LC. Jim McVey and Joe Buhrman with Commonwealth trading partners represented the seller.

No. 2: Bollinger Properties LLC bought 8,000 square feet to 5609-5611 Patterson Ave. in richmond for $3 million from Niketas Steven G and MKP LLC. Connie Jordan Nielsen with Cushman & Wakefield | Thalhimer represented the seller.

No. 3: TowneBank bought 8,000 square feet to 11704 W.Broad St. in Henrico for $2.3 million from Town Center LLC Short Pump. Danny Holly with Cushman & Wakefield | Thalhimer represented the buyer.

THE THREE MAIN LEASES

#1: Evergreen Enterprises of Virginia rented 108,897 square feet to 1505-1507 Robin Hood Road in Richmond. Cushman & Wakefield | Isaac DeRegibus of Thalhimer represented the tenant and Craig Douglas, Graham Stone Burner and R.Scott Douglas with Cushman & Wakefield | Thalhimer represented the owner.

No. 2: HomeGoods rented 23,965 square feet to 9830 – 9992 Brook Road in Henrico. susan jones with CBRE represented the owner.

No. 3: Case Polytech Inc. rented 10,800 square feet to 11100 Air Park Road in Hanover. Kevin Cox with Porter Realty Co. represented the owner.

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CBRE reports the following transactions:

Derma-hue has leased 1,680 square feet at 8501 Mayland Drive from Henrico. Matt Hamilton represented the owner.

Dominion Eye Associates has expanded by 1,449 square feet at 2008 Bremo Road in Henrico. Eric Williford, Chris Wallace and Grant Johnson represented the owner.

Divaris Real Estate reports the following offers:

Guiding Tree Yoga has leased 1,491 square feet at 12205 Gayton Road from Henrico. Sara Goodall represented the owner.

Mexican restaurant Los Panchos has leased 4,800 square feet at 1517-B N. Parham Road from Henrico. Sara Goodall represented the tenant

Porter Realty Co. reports the following transactions:

Atlee Properties LC has sold 19.48 acres at Crosswhitts Drive and Sliding Hill Road in Hanover for $2.2 million to Morgan Property Investments. Cliff Porter and Kevin Cox represented the seller

Exquisite Pools has leased 5,100 square feet at 13171 Mountain Road in Hannover. Kevin Cox represented the owner.

Ask Site Will Travel to report the following offer:

Colonial Management Group extension of 6,490 square foot lease at 2217 E. Franklin St. in Richmond. John Jay Schwartz handled the transaction.

Cushman & Wakefield | Thalhimer reports the following transactions:

8003 Franklin Farms LLC purchased 24,924 square feet at 8003 Franklin Farms Drive from Henrico for $2 million from Spottswood DBL LLC. Amy J. Broderick and Kate Hosko represented the seller.

XPO Logistics has expanded and extended its lease for a total of 9,695 square feet at 4805 Lake Brook Drive in Henrico. Brian Berkey and Karla Knight represented the tenant.

TowneBank has leased 8,000 square feet at 11704 W. Broad St. to Henrico. Danny Holly represented the tenant.

Milk & Honey has leased 2,100 square feet at 44-100 Southpark Blvd. in the colonial heights. Alicia Brown and Pete Waldbauer represented the owner.

Empowerment Church RVA has leased 1,106 square feet at 300-310 Turner Road in Chesterfield. Amy J. Broderick and Kate Hosko represented the owner.

Joyner Commercial reports the following agreement:

Harold Vega bought 3,035 square feet at 6135 Midlothian Turnpike in Richmond for $950,000 from Soon I Han. Sean Yoon represented the seller.

Long & Foster Real Estate reports the following agreement:

Dermahue LLC has leased 1,680 square feet at 8501 Mayland Drive, Suite 108, from Henrico. Brittanie Stanley and Brenda Gehl represented the tenant.

Commonwealth Commercial Partners reports the following transactions:

Simmons, Rockecharlie & Prince have leased 2,024 square feet at 10150 Staples Mill Road from Henrico. Tucker Dowdy and Michael Good represented the owner.

K-La Richmond has leased 1,960 square feet at 5718 Grove Ave. in Richmond. Jim McVey, Michael Morris and Thomas Lynde represented the owner.

Realty Income Properties 26 LLC has purchased 2,657 square feet at 7300 Hull Street Road in Chesterfield for $825,000 from MDW Holdings. Michael Morris, Thomas Lynde and Jim McVey represented the seller.

Henrico RE LLC has purchased 5,563 square feet at 9003 Quioccasin Road in Henrico County for $850,000 from KTM Properties. Tucker Dowdy and Eric Hammond represented the seller.

One South Commercial reports the following deals:

Vine Village LLC has purchased a duplex at 1 and 3 S. Vine St. in Richmond for $730,000. Isaac Weintz represented the buyer.

Wythe Property Holdings has purchased 19 units at 141 E. Wythe St. in Petersburg for $2.1 million. Ryan Rilee represented the seller.

JR1 Properties LLC has purchased 1,992 square feet at 2309 W. Cary St. in Richmond for $356,000. Ken Campbell represented the seller and Justin Sledd represented the buyer.

512 North 25th LLC has purchased a duplex at 512 N. 25th St. in Richmond for $325,000. Isaac Weintz of One South Commercial represented the buyer.

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