Transactional volume is up by 34 percent for Thalhimer in 2014
Cushman & Wakefield | Thalhimer said Tuesday that its 2014 transactional volume exceeded $2 billion, a 34 percent increase from an overall volume in 2013 of nearly $1.5 billion.
The commercial real estate firm, based out of Richmond, credited robust activity in December for pushing volume over $2 billion, with more than 3.7 million square feet of sales and lease transactions for the month.
In December, the firm’s ten Virginia, North Carolina and South Carolina offices completed 126 lease transactions totaling more than 1.6 million square feet with a transactional value of over $119 million. Industrial building transactions of over 863,000 square feet accounted for the largest amount of space leased. Office and retail leases totaled more than 472,000 and 264,000 square feet respectively.
In addition, Cushman & Wakefield | Thalhimer reported 55 sale transactions for the month of December totaling over 2.1 million square feet and over $147 million in sales volume.