Commercial real estate round up
- December 7, 2009
Dulles — Guernsey Office Products will consolidate and relocate its corporate headquarters and central distribution facility by the first of the year. The company is moving to the ProLogis Dulles Distribution Center. The 71,800-square-foot space will include the company’s offices and plenty of space for product storage. Jones Lang LaSalle represented Guernsey while CB Richard Ellis represented building owner ProLogis.
Staunton — Fairfax-based Balfour Beatty has broken ground on a $125 million replacement hospital for Western State Hospital. The new 246-bed facility is being built on 66 acres adjacent to the existing mental health hospital. As part of a deal between the city and the state, the General Assembly allocated $110 million in capital funding for the facility. Meanwhile, Staunton will deed the new site to the state and contribute $15 million for the project. Construction is scheduled for completion by spring 2013.
Winchester — Construction work is under way on a three-year expansion of the Winchester Medical Center. The $161 million project will more than double space the hospital’s space with 356,600 square feet of new construction. Projects include a new tower, heart and vascular center, clinical laboratory and parking garage. Whiting-Turner Contracting Co. will serve as construction manager. The project is being financed with $140 million in bonds, with the balance coming from cash reserves and philanthropy.
Winchester — Rappahannock Electric Cooperative has purchased the LeHew Building in the Kelley Industrial Park for $3.2 million. The sale includes 30,000 square feet of flex/tech space on five acres of land in Front Royal. The coop plans to invest more than $6 million in the purchase and improvements for what will be its new Blue Ridge District Office. Adams-Nelson & Associates, Inc. brokered the sale.
Virginia Beach — An Applebee’s Restaurant located on Kempsville Road was sold to a private investor for $1.9 million. The property remains in a long-term lease to Applebee’s International. Divaris Real Estate Inc. brokered the sale.