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Chester strip mall sold for $6M
N.C. company buys The Shoppes at River Forest
Chester’s The Shoppes at River Forest, a 30,720-square-foot strip mall anchored by a Wal-Mart, was purchased on Feb. 26 for $6 million. Raleigh, North Carolina-based PGP River Forest purchased the property from Bogese Cos., a Richmond-based real estate development group. At the time of the sale, the center was 82% leased to tenants that include
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Ministry buys Chesterfield building for $1.2M
Mountain Movers Ministry to relocate
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Chesterfield County-based Mountain Movers Ministry has purchased a building near the intersection of Hull Street and Courthouse roads for $1.175 million. The ministry will relocate to 3300 Old Courthouse Road and occupy the entirety of the 8,942-square-foot building. The property is situated on 7 acres. Gray Bryant, an associate with Colliers International Virginia, represented the
U.Va. gets $5M gift to establish scholarship for PVCC students
25 recipients to be chosen per year
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An anonymous $5 million gift to the University of Virginia will be used to provide scholarships to Piedmont Virginia Community College students who wish to transfer to the university, U.Va. President Jim Ryan announced Friday. The endowed fund will provide scholarships to PVCC students who have been selected as U.Va. University Achievement Award recipients. The
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Dominion joins initiative to create electric vehicle charging network
Newly announced Electric Highway Coalition aims to expand travel options for electric vehicle drivers
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Dominion Energy Inc. and five other major utilities announced a plan Tuesday to create a network of charging stations for electric vehicles across major highway systems stretching from Washington, D.C., to Chicago to West Texas and the Florida Heartland. The newly announced Electric Highway Coalition — made up of American Electric Power, Dominion, Duke Energy
Capital Square names chief technology officer
Jeffrey Blount to expand Henrico real estate company's tech rollout
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Henrico County-based real estate investment company Capital Square announced Tuesday that Jeffrey Blount has been named the company’s chief technology officer. Prior to joining Capital Square, Blount served as virtual chief information officer at Glen Allen-based office IT services and equipment supplier Cobb Technologies. “Jeff, who built Capital Square’s technology systems from the ground up
U.Va. Community Credit Union names chief lending officer
Joe Raichel joins the credit union from Wells Fargo
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The University of Virginia Community Credit Union announced Monday it has hired Joe Raichel as its first chief lending officer. With more than 23 years of experience in the financial services industry, Raichel most recently served as a senior vice president with Wells Fargo. He will report directly to U.Va. Credit Union President and CEO
Richmond council clears way for $325M VCU Health project
City to sell Public Safety Building for $3.5M
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Richmond City Council approved the sale of the city’s Public Safety Building on Monday, clearing the way for a $325 million VCU Health System medical office tower and multi-use project downtown. Council members unanimously approved the 3-acre property’s $3.5 million sale to Capital City Partners LLC, a collaboration between Michael Hallmark of Los Angeles-based Future
Petersburg apartments sell for $2.9M
53-unit Landmark Apartments are Section 8 affordable housing
Published
Landmark Apartments, a 53-unit affordable housing property in Petersburg, has been purchased by Mercer Street Partners for $2.867 million. Landmark, located at 450 Van Buren Drive, was originally developed in 1983 using the U.S. Department of Housing Development’s (HUD) Project-Based Section 8 program for subsidized housing. The buyer, Mercer Street Partners, acquired the property subject
Richmond office building sells for $29.5M
The Edgeworth Building is a former tobacco factory
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An office building in downtown Richmond has sold for $29.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Friday. The 140,573-square-foot Edgeworth Building is located at 2100 East Cary Street and was once a tobacco factory. It is 95% leased to Hirschler, RK&K, Ernst & Young and HKS Architects. Originally built in 1925,
Moving forward
Tough year for some sectors, but region sees progress
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In a difficult year haunted by the coronavirus pandemic, the Central Virginia region persevered — and in some cases made economic progress. Henrico County led all other localities with a blockbuster endorsement of a $2.3 billion project, GreenCity, that would promote environmental sustainability and bring a 17,000-seat arena to the area. The 204-acre property off