Industries Commercial Real Estate

Virginia’s top deals of 2010

Meet the projects and the brokers

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Print this page Stories by Paula C. Squires

What value does it add?  That was the question as the Virginia Business editorial staff reviewed submissions for the top commercial real estate deals and projects of 2010. If brokers were involved, we talked with them as well, and it was refreshing to see them strut. After all, it’s been tough since the 2007-09 recession, with big deals few and far between.

Yet 2010 brought ripples in the ice. A new mixed-use high-rise glitters on the Norfolk skyline.  A Fortune 500 company prepares to move into a new corporate home in Northern Virginia. Sustainability got a new vibe with a bank excavating a historic piece of property in Hampton for the site of its new headquarters.  In all, we selected six winning deals — Best Office, Best Industrial, Best Mixed-Use, Best Historic Rehabilitation, Best Sustainable and Best Overall Project — from more than 20 submissions around the state.

Assisting Virginia Business in the judging were Robert Taylor and David Downs, with the Virginia Commonwealth University Real Estate Center, and John Lombard with the E.V. Williams Center for Real Estate and Economic Development at Old Dominion University.  The following profiles show that persistence and creativity can trump a difficult environment. 

Virginia’s best projects, brokers and deals of 2011: CALL FOR NOMINATIONS

Best Historic Rehabilitation: The Madison Office Building, Norfolk

Best Office Deal: Sale of Deep Run I, Richmond

Best Mixed-Use Project: Wells Fargo Center, Norfolk

Best Sustainable Project: Old Point National Bank headquarters, Hampton

Best Industrial Project: GRTC Transit System, Richmond

Best Overall Deal: New corporate headquarters for Northrop Grumman Corp., Falls Church

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