Regions Central Virginia

Thalhimer says July activity boosts transactional volume to $643 million

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Cushman & Wakefield | Thalhimer said Wednesday that the firm’s 10 Virginia, North Carolina and South Carolina offices completed 147 lease transactions totaling 1,176,863 square feet with a value of more than $75.5 million during July.

Industrial building transactions of 569,091 square feet accounted for the largest amount of space leased.  Office and retail leases came to 440,681 and 167,091 square feet, respectively.

In addition, Thalhimer reported 22 sales in July totaling more than $35.7 million. The sales included industrial, office and retail buildings and land transactions.

Overall, year-to-date volume exceeds $643.3 million, up from the $519.5 million the company reported for the same time last year. While the dollar amount is up for the first seven months of 2013, the number of lease transactions in July were down, compared with 196 transactions for July 2012.

By the end of last year, Thalhimer’s transactional value was $1.1 billion. The company appears to be on track to hit or exceed that volume of business in 2013.

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