Commercial real estate roundup, 3/15/10
- March 15, 2010
HERNDON — Construction is underway on a 10,000-square-foot addition to the Hyatt Dulles. The hotel is adding an executive meeting center that’s being designed to obtain certification under the Leadership in Energy and Environmental Design (LEED) program. The center, going up on what is now a parking lot adjacent to the hotel, is expected to draw business from corporations.
HAMPTON — Peninsula Town Center opened another 250,000 square feet of retail space last week as part of several phased grand openings for the mixed-use project. Entertainers and special events will be held through Easter to mark the latest round of new tenant openings. Bryant and Stratton College, a private educational institution, announced that it will open its third Virginia campus at the town center. The massive renovation project, which included the demolition of the former Coliseum Mall, will eventually include about 800,000 square feet. Currently, about 400,000 square feet is open and occupied.
HENRICO COUNTY — Virginia Credit Union Inc. has purchased the former Ham’s Restaurant on West Broad Street for $1.4 million. The credit union will use the property for one of its operations. Thalhimer handled sale negotiations.
RICHMOND — The law firm of McSweeney, Crump, Childress & Temple renewed a 13,885-square-foot-lease for space at Shockoe Center in Shockoe Slip. Jones Lang LaSalle handled lease negotiations while Thalhimer represented the landlord.
VIRGINIA BEACH — Food Lion has extend its lease for 31,262 square feet of retail space at College Park Square I while Bojangles’ Restaurant has leased a 32,000-square-foot outparcel at Regency Hilltop shopping center. In both deals, S. L. Nusbaum Realty Co. represented the landlord.