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the Record is
compiled from company releases, business
journals and newspaper reports from around
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For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293
Newton Oldacre McDonald,
a Green Hill, Tenn., commercial real estate firm,
and Mack B. Trammel, a Bristol developer,
announced plans for The Highlands, a 96-acre shopping
center along I-81 in Washington County and Bristol.
The project is expected to create 2,000 jobs and
generate over $4 million in tax revenue. Fifteen
or more retailers are expected for the 600,000-square-foot
shopping center. (05/20/2004, Press Release)
Cousins Properties sold two Alexandria
buildings to Grosvenor USA of Washington, D.C.
for $80 million. The 153,000-square-foot John
Carlyle is 91 percent leased and the 97,000-square-foot
1900 Duke Street property was 100 percent leased
at the time of the sale. (05/19/2004, Business
Wire)
PETsMART, a Phoenix, Ariz.-based retailer
of pet supplies and products, leased a 20,000-squre-foot
store at Hanover Square South on Bell Creek
Road in Richmond. (05/17/2004, Press Release)
Best Buy Stores, a consumer electronics
retailer headquartered in Minnesota, leased
30,000 square feet of space in Dimmock Square
shopping center in Colonial Heights. (05/06/2004,
Press Release)
Grosvenor, a Washington,
D.C.-based property development and investment
group, bought Carlyle Gateway I and II in Alexandrai,
adjacent Class A office buildings totaling 250,088
square feet. The six-story properties are over
95 percent leased. (05/19/04, Press release)
PETsMART, a Phoneix, Ariz.-headquartered
retailer of products and services for pets,
leased a 20,000-square-foot store in Richmond’s
Hanover Square South. (05/17/04, Press release)
R.W. Murray, a Manassas-based general
contractor, was selected for a number of Northern
Virginia projects: CWPS, a Chantilly-based telecom
firm, moved to larger office space and ordered
17,200 square feet in interior improvements
in the project; a 35,000 square-foot design/build
project for NextGen in Prince William’s
Innovation Park; Logis-Tech’s second phase
expansion of a 34,000-square-foot design/build
addition for commercial offices and warehouse
space in Manassas; Patriot Harley-Davidson’s
9,000 square-foot interior renovation of its
existing sales floor and service center. (05/17/04,
Press release)
John Rolfe Commons purchased 5.4 acres
on Ridgefield Parkway at John Rolfe Parkway
in Henrico County from E. Carlton Wilton. Plans
call for a 37,000-square-foot office condominium
and one-acre pad for a branch bank. (05/14/04,
Press release)
Robert Brown & Associates bought
21.59 acres of land on Mooretown Road in Lightfoot
from Bulifants for $4.426 million. A shopping
center is planned for the site across from the
Sentara Williamsburg Regional Medical Center,
including a Home Depot and Ukrop’s.
(05/13/04, Press release)
