Commercial real estate round up
- December 21, 2009
HAMPTON — Atlanta-based Crate Services Inc. has signed a lease for 150,500 square feet of warehouse space in Hampton. The location at 500 West Park Lane will serve as a warehouse distribution center for the company, which provides third-party management services of reusable containers. CSI processes a wide variety of containers in multiple industries. The deal was brokered by S. L. Nusbaum Realty Co. and Thalhimer.
VIRGINIA BEACH — South University has entered the Hampton Roads market by leasing 36,606 square feet of office space at Convergence Center IV off Bonney Road. The four-year private school also has a Richmond location and a total of five campuses in the Southeast. Thalhimer handled lease negotiations for South University,
RICHMOND — Jones Lang LaSalle has been retained by Parameter Realty Partners to lease one of Richmond’s downtown landmarks. The 13-story, 132,434-square-foot Mutual Building was one of the city’s first high rises. For years, nearly 75 percent of its space was occupied by Scott and Stringfellow, a local brokerage. It’s moving to Riverfront Plaza as part of a consolidation of BB&T’s local operations, opening up a large block of space in the Mutual Building for the first time in 40 years.
JB Hunt Transport Inc. signed a new long-term lease for 12,000-square-feet at Woodlands IV in Sandston. JDK Real Estate LLC represented the transport company and Liberty Property Trust represented the landlord.
The headquarters building for Richmond-based Moseley Architects has received LEED (Leadership in Energy and Efficiency Design) platinum certification — the highest possible rating — from the U.S. Green Building Council. It is the first building in Virginia to qualify for the platinum designation and historic tax credits.
WASHINGTON — The “North of Massachusetts” area continues to be a popular office location for federal agencies. The Internal Revenue Service has leased 167,000-square feet of space at 77 K St. NE. The agency will take floors one through six in the 11-story building, a new Class A project completed last year. The IRS is relocating from a building in Capitol Hill. C. B. Richard Ellis represented the IRS while Cassidy & Pinkard Colliers represented the owner, Brookfield Properties Management LLC.