Recent commercial real estate transactions around Virginia

Real estate sales transactions through Nov. 8

Published November 7, 2021 by Robyn Sidersky

• S.L. Nusbaum Realty announced that HM Management LLC has purchased a 35,355-square-foot former assisted living facility on 0.45 acres located at 501 N. Allen Ave. in Richmond from Care GSL Richmond PropCo LP for $3.5 million. Nathan Shor handled the transaction.
• Cushman & Wakefield | Thalhimer announced the sale of 3750 Progress Road in Norfolk. B&D Acquisitions LLC purchased the 36,902-square-foot industrial/warehouse building, situated on 2.105 acres, from Melchor Enterprises for $2.6 million as an investment. The property features two in-place tenants, dock and grade loading, and paved and fenced yard areas. Geoff Poston of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of both parties.
• Cushman & Wakefield | Thalhimer announced the sale of 5100 Chestnut Ave., located in Copeland Industrial Park in Newport News. Greenland Enterprises Inc. purchased the 53,255-square-foot industrial building, situated on 2.98 acres, from Solo Incorporated for $2.49 million as an investment. Clay Culbreth of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.
• Cushman & Wakefield | Thalhimer announced the sale of 56 Joseph Mills Drive, located in Spotsylvania Office and Industrial Park, in Spotsylvania County. The 24,000-square-foot industrial building, situated on 2.84 acres, was purchased by an undisclosed buyer from Eight Two Seven Acres LLC for $2.25 million as an investment. Virgil G. Nelson and Wilson H. Greenlaw of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.
• S.L. Nusbaum Realty  Co. announced that JWN Properties LLC has purchased an 8,500-square-foot retail property on 1.005 acres located at 2604 Conduit Road in Colonial Heights from Colonial Heights of AL LLC for $2.2 million. Chris Zarpas, Mike Zarpas and Nathan Shor represented the seller.
• Cushman & Wakefield | Thalhimer announced the sale of 3701 E. Virginia Beach Blvd. in Norfolk. THM Properties LLC purchased the 26,268-square-foot flex building from A. Square LLC for $1.45 million as an investment. Geoff Poston and Ellis Colthorpe of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.

Send real estate sales and lease transactions to Associate Editor Robyn Sidersky at [email protected] Lease roundups are published on the second Monday of the month.

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