Commercial real estate roundup, 8/2/10
- August 2, 2010
HENRICO COUNTY — Kroger’s newest and largest Richmond-area store opened on July 29. The 92,000-square-foot store offers bistro dining, a wine bar and an expanded selection of natural foods. It’s one of the Cincinnati-based grocery chain’s largest stores. Located across the street from Short Pump Town Center, the store is part of a three-year, $81 million expansion underway by Kroger in the Richmond region. The company has 16 stores in the area now and plans to open another new store in Chesterfield County next year.
RICHMOND — Redevelopment continues in the Manchester District. Stella360 LLC has purchased two acres on Stockton Street from Rhino Enterprises for $1.5 million. Stella360 plans to convert a part of the property into 33 loft apartments, with roof-top decks and gated parking. A tenant leasing 19,000-square-feet of space will remain in place. Thalhimer handled sale negotiations.
WASHINGTON — PTRM Management Consultants has signed a leased for 28,000 square feet in a recently renovated building in the city’s Central Business District. The 10-year lease is for space in a 255,000-square-foot office on Pennsylvania Ave. The company will occupy the fifth and sixth floors. Tishman Speyer Properties owns the building.
HAMPTON — A building that formerly housed the Hampton Brass Shop on Queen Street has sold for $775,000. LeCamm LLC purchased the 17,500-square-foot retail property and plans to lease it to Hampton House Auction. Thalhimer handled sale negotiations.
SPOTSYLVANIA COUNTY — A former Extreme Power Sports property has sold for $1.5 million. Courthouse Road Holdings LLC purchased the 14,000-square-foot retail property situated on two acres as an investment.