Industries Commercial Real Estate

Jones Lang LaSalle and Thalhimer report transaction total for July

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The Richmond/Hampton Roads offices of Jones Lang LaSalle completed 11 lease transactions in July totaling nearly 200,000 square feet. The largest deal was for Dallas-based Greatwide Logistics Services. The provider of transportation and third-party logistics signed a 94,400-square-foot sublease at 101 Industrial Drive in Suffolk. In another deal, SERCO leased 53,000 square feet at 2115 Portlock Road in Chesapeake.

Cushman & Wakefield | Thalhimer announced that its eight offices in Virginia and North Carolina handled 151 lease transactions valued at $33 million for July. The industrial sector accounted for the largest amount of space leased with 486,000 square feet. Thalhimer also handled several sales including the sale of Villa Park I, an office building in Henrico County.  Diversified Realty Ventures and Market/Eagle Partners LLC, doing business as Villa Park I LLC, bought the 76,164-foot building situated on 6.7 acres for $4.3 million as an investment. The seller was Orix Capital Markets LLC. Through July, Thalhimer has completed 991 lease transactions and 103 sale transactions valued at more than $570 million. 

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