CBRE reports a land sale and leases in Henrico County
- March 22, 2012
Local developer Atack Properties LLC in Glen Allen paid $2.1 million for two land parcels of 172 acres. CBRE represented the seller, Y-Y & E LLC, in the sale of 112 acres of industrial land in eastern Henrico County, commonly known as Technology Park, and 60 acres of residential land in Goochland County, known as the Hockett parcel.
Bob Atack, president of Atack Properties, said in an interview that the industrial tract is located off of Interstate 64 and Interstate 295 in an area that already has attracted such companies as Bank of America and QTS. “We think there will be some momentum in industrial growth there,” he said. An existing postal distribution center in the area also is being eyed for expansion, he added, due to consolidations in the U.S. Postal system.
The land in Goochland off Hockett Road is near West Creek Office Park. “We see this as an opportunity to develop into residential housing,” said Atack.
Henrico County also saw two new lease transactions handled by CBRE. Dealer Tire LLC leased 33,851 square feet at 5401 Lewis Rd. and Kinsale Insurance Co. leased 18,102 square feet at 6802 Paragon Place.