Category Archives: Cushman & Wakefield | Thalhimer

Select Income REIT Selects to Shop in Richmond

July is turning into “Office Sales Month” for the city of Richmond. Continue reading

Posted in Acquisitions/Dispositions, Cushman & Wakefield | Thalhimer, JEDD, Office, Parham Place, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story, Rockford Capital Partners | Leave a comment

Spring Center Joins Parade of Richmond Retail Trades

Richmond-area retail properties are selling like hot cakes. The latest property to change hand in the region is the Spring Center, located at 7124 Mechanicsville Turnpike, in Hanover County. Continue reading

Posted in Acquisitions/Dispositions, Cushman & Wakefield | Thalhimer, Retail, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story, Spring Center, Thalhimer Realty Partners | Leave a comment

InvenTrust Buys Retail Center on West Broad St.

Another Richmond retail asset has changed hands this month. After Capital Square Realty Advisors’ acquisition of the 24,000-square-foot building at 2000 Old Brick Road, at the start of May, InvenTrust Properties purchased the WestPark Shopping Center from represented Westdale Asset Management, Ltd. The sale price was $33,390,000 or about $189 per square foot. Continue reading

Posted in Acquisitions/Dispositions, Cushman & Wakefield | Thalhimer, InvenTrust Properties, Retail, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story, WestPark Shopping Center | Leave a comment

Huntington Ingalls Signs Huge Lease in Hampton

Huntington Ingalls Industries is expanding in the Hampton Roads area. The shipbuilding company has recently signed a huge lease, for more than half a million square feet of space in West Park. Continue reading

Posted in Cushman & Wakefield | Thalhimer, Hampton Roads, Huntington Ingalls Industries, Industrial, Leasing, Office, PropertyShark, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story | Leave a comment

Chesapeake Waterfront Property Changes Hands

A large industrial property in Chesapeake has recently changed hands. Hampton Roads Integrated Bioenergy Complex has purchased the former Nova Chemical Plant for an undisclosed price. Continue reading

Posted in Acquisitions/Dispositions, CBRE, Chesapeake, Cushman & Wakefield | Thalhimer, Hampton Roads Integrated Bioenergy Complex, Industrial, PropertyShark, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story | Leave a comment

Cushman & Wakefield | Thalhimer Completes Sale of 123KSF Industrial HQ

Cushman & Wakefield | Talhimer has announced completing the sale of South Point Business Center, a 123,200-square-foot single-tenant industrial headquarters facility in Charlotte’s Southwest submarket. Continue reading

Posted in Acquisitions/Dispositions, CBRE Capital Markets, charlotte, Charlotte Lead Story, Cushman & Wakefield | Thalhimer, Founders Properties, Industrial, Leasing, South Point Business Center | Leave a comment

Thalheimer Pays $34M for Chesapeake M-F Complex

The Birches apartment community in Chesapeake stepped into the New Year with a new owner. Harbor Group International sold the property last month, for $34.4 million. Continue reading

Posted in Acquisitions/Dispositions, Condo, Co-op, HOA, Cushman & Wakefield | Thalhimer, Harbor Group International, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story, The Birches | Leave a comment

The Simpson Organization Buys 2 Innsbruck Office Buildings for $22M

Richmond’s hot Insbrook submarket continues to attract office investors. The Atlanta-based Simpson Organization purchased Westerre I and II this month, for $22 million or about $135 per square foot. It is the highest price per square foot paid in the Richmond area this year. Continue reading

Posted in Acquisitions/Dispositions, Cushman & Wakefield | Thalhimer, Innsbrook, Leasing, Office, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story, The Simpson Organization, Westerre Office Park | Leave a comment

Highwoods Sells 11 Office Buildings for $40.7M

Highwoods Properties sold eleven of its Henrico County office properties last month in two separate transactions to two different buyers. The total sales price was $40.7 million. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Cushman & Wakefield | Thalhimer, Highwoods Properties, Innsbrook, Investors, Leasing, Lingerfelt Companies, Mid-Atlantic, Office, Owners, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story, Westdale Real Estate Investment and Management | Leave a comment

New Owners for Richmond’s 110-Year-Old Mutual Building, Maritime Square Building in Newport News

One of Richmond’s first high-rise office buildings has recently changed hands. Parmenter Realty Partners has sold the Mutual Building to 909 Main, LLC, an entity associated with Shamin Hotels, for $3,275,000. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Commercial, Cushman & Wakefield | Thalhimer, Hampton Roads, Local, National, Newport News, Office, Regional, Richmond, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story, sale | Leave a comment

Richmond’s Short Pump Submarket Gears Up for Robust 2014

By Adrian Maties, Associate Editor Cushman & Wakefield | Thalhimer projects that 2014 will be a good year for the Richmond retail market. As retailers and restaurants plan to grow and expand, a trend that started in 2013 and is expected to continue in 2014, the market will see stepped-up activity. It ended 2013 with [...] Continue reading

Posted in Acquisitions/Dispositions, Brokers, Commercial, Commercial-Real-Estate, Cushman & Wakefield | Thalhimer, Developers, Development, economy, Leasing, Local, National, NVRetail, Regional, Retail, Richmond, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story, Short Pump, Short Pump Town Center, West Broad Marketplace | Leave a comment

Liberty Property Trust Renews 196KSF Industrial Leases in Charlotte

Liberty Property Trust, an $8.4 billion office and industrial property REIT, has announced renewing multiple leases across its Charlotte portfolio, keeping its occupancy steady 99 percent. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Bryan Blyth, charlotte, Charlotte industrial market, Charlotte Lead Story, Colliers International, Crosspoint Center, Cushman & Wakefield | Thalhimer, decreasing vacancies, Industrial, lease renewal, Leasing, Liberty Property Trust, Local, National, Novitex Enterprise Solutions Inc., Owners, Perimeter West, Regional, REIT, rental rate, Rooms to Go, Warren Snowdon | Leave a comment

Liberty Property Trust Renews 196KSF Industrial Leases in Charlotte

Liberty Property Trust, an $8.4 billion office and industrial property REIT, has announced renewing multiple leases across its Charlotte portfolio, keeping its occupancy steady 99 percent. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Bryan Blyth, charlotte, Charlotte industrial market, Charlotte Lead Story, Colliers International, Crosspoint Center, Cushman & Wakefield | Thalhimer, decreasing vacancies, Industrial, lease renewal, Leasing, Liberty Property Trust, Local, National, Novitex Enterprise Solutions Inc., Owners, Perimeter West, Regional, REIT, rental rate, Rooms to Go, Warren Snowdon | Leave a comment

Shamin Hotels Buys 700 Building for $7M; Plans to Plant 2 Hilton Flags

By Adrian Maties, Associate Editor The 18-story office building at 700 East Main St. in Richmond’s central business district has experienced hard times in recent years, but it about to get a new lease on life. Shamin Hotels, the Richmond region’s largest hospitality operator, has acquired the 181,000-square-foot building for $7 million and plans to [...] Continue reading

Posted in 700 Building, Architecture/Design, BH Properties, Cushman & Wakefield | Thalhimer, Development, Gareth Jones, Hampton Inn & Suites, Homewood Suites, Hospitality, Jimmy Appich, Jones Lang LaSalle Inc., Mark Douglas, Office, Property Management, Property Shark, Richmond, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story, Shamin, Wells Fargo | Leave a comment

Shamin Hotels Buys 700 Building for $7M, Plans to Plant 2 Hilton Flags

The 18-story office building at 700 East Main Street in Richmond’s Central Business District failed to lease any space to new tenants in recent years but it seems it is about to get a new lease on life. The property was sold to Shamin Hotels, the Richmond region’s largest hotel operator, and will be converted into two Hilton-branded hotels. Continue reading

Posted in 700 Building, 700 East Main Street, Acquisitions/Dispositions, Architecture/Design, BH Properties, Brokers, Commercial, Commercial-Real-Estate, Cushman & Wakefield | Thalhimer, Developers, Development, Gareth Jones, Hampton Inn & Suites, Homewood Suites, Hospitality, hotel, Jimmy Appich, Jones Lang LaSalle, Local, Mark E. Douglas, Office, Richmond, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story, Shamin Hotels | Leave a comment