Industries Commercial Real Estate

Thalhimer and CBRE report busy first quarters

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Cushman & Wakefield | Thalhimer reports that the firm’s 10 Virginia, North Carolina and South Carolina offices completed 398 lease transactions totaling more than 2.6 million square feet and a transactional value of $128.1 million during the first quarter. Industrial building transactions of 1,467,639 square feet accounted for the largest amount of space leased.  Office and retail leases amounted to 674,499 and 520,347 square feet respectively.

In addition, Richmond-based Thalhimer reported 54 sale transactions of 1.5 million square feet in the first quarter totaling $90.1 million in sales volume.  The sales included industrial, office and retail buildings and land transactions.

CBRE had a busy first quarter in Hampton Roads. It was chosen as the property manager and/or leasing agent for six new properties totaling 750,000 square feet.  Some of the new business listings included a 193,000 square-foot leasing and management deal with the Shops at Newport News and a 175,000-square-foot retail property in Virginia Beach, Lynnhaven North Shopping Center.

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