Commercial real estate round up
- February 1, 2010
RICHMOND — About 700 people turned out for the recent grand opening of the Richmond Hilton Hotel & Spa in Short Pump. The region’s newest upscale hotel offers 254 rooms and suites, a spa, 22,000 square feet of meeting space and a Shula’s American Steak House restaurant. The restaurant chain’s president, former NFL coach Don Shula, attended the grand opening last week.
RICHMOND — Stratford University is entering the Richmond market and has leased 52,020 square feet at the former S&K headquarters on West Broad Street in Short Pump. The property is being redeveloped for office and retail uses by TGM Realty Investors Inc. Virginia-based Stratford, a private educational institution, also has campuses at Tysons Corner in Falls Church and in Woodbridge. Thalhimer’s Richmond office handled lease negotiations. The new campus is expected to open by Oct. 15.
VIRGINIA BEACH — Eden Fuels has leased 60,000 square meet of manufacturing space at Chesapeake Hardwood Building in Chesapeake. This is Eden’s first location in the Hampton Roads market. The company, based in the U.K., manufacturers wooden pellets, used as an alternative fuel in home heating and manufacturing, primarily in the northeast and in Europe. Thalhimer handled leased negotiations for the landlord and tenant.
HAMPTON — A new restaurant opens at the Power Plant on Friday, Feb. 5. NASCAR Sports Grill joins a lineup of other sports and dining destinations at the 700,000-square-foot-retail and entertainment development off I-64. The sports-theme restaurant has only two other locations, in Orlando and Indianapolis. It offers a media wall, individual hi-def televisions in all dining booths and a collection of autographed sports memorabilia of NASCAR legends.
WASHINGTON — Troutman Sanders recently inked a new deal for its space at 401 9th St. NW. The Atlanta-based law firm signed a 16-year, 114,000-square-foot lease for the building’s top two floors and the sixth floor, according to the CoStar Group. The building’s largest tenant added 36,000 square feet of additional space to its lease to make more room for a larger staff as a result of Troutman’s recent merger with Ross, Dixon & Bell. Studley represented Troutman Saunders in the deal.