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Henrico County building sold for $2.2M
Set to become VA Cars Inc. dealership
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Brian Scrimpsher purchased a 15,327-square-foot building for $2,225,000 in western Henrico County, which will be used as a VA Cars Inc. dealership, Cushman & Wakefield | Thalhimer announced last week. The property at 7494 W. Broad St. is on 1.1 acres, and it was purchased from Ross Square LLC, with James Ashby IV of Cushman
East Coast Appliance acquires Norfolk building for $1.4M
Plans to use facility as warehouse
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East Coast Appliance has purchased a 40,000-square-foot building in Norfolk for $1.4 million, which it plans to use as a warehouse, Cushman & Wakefield | Thalhimer announced last week. The property, at 1164 Azalea Garden Road, is on 2.9 acres and was purchased from Richard and Cheryl Hart. Geoffrey W. Poston of Thalhimer handled the
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$250K SCHEV grant boosts VCU-ChamberRVA internship initiative
Partnership aims to increase paid internship opportunities
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Virginia Commonwealth University and ChamberRVA hope to expand paid internship opportunities in the Richmond region with the help of a $250,000 grant from the State Council of Higher Education for Virginia, the chamber announced Thursday. In October, the Virginia Chamber Foundation and SCHEV started a public-private partnership, the Virginia Talent and Opportunity Partnership (VTOP), to
Parsons Corp. branch awarded $2.24B MDA contract
Alabama-based Parsons Government Services signs deal
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Centreville-based defense contractor Parsons Corp. has won a potential $2.24 billion contract from the Missile Defense Agency, the Department of Defense announced this week. Huntsville, Alabama-based Parsons Government Services will oversee the project, which starts in July and could run up to January 2029. Work will be performed at Fort Belvoir and other military sites
Leidos subsidiary wins nearly $1B health care contract
Calif.-based QTC Management will provide health services to military reserve members
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A subsidiary company of Reston-based Fortune 500 government contractor Leidos Holdings Inc. won a U.S. Army contract potentially worth nearly $1 billion to provide commercial health services to all U.S. military reserve forces, Leidos announced this week. Leidos acquired QTC Management Inc., which is based in San Dimos, California, in 2016. The $999 million contract
Williamsburg apartment complex sold for $46M
Kushner Cos. picks up 212-unit Spotswood Commons
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New York-based Kushner Cos. has purchased a 212-unit apartment complex in Williamsburg for $46 million, commercial real estate sales corporation Berkadia announced Thursday. Spotswood Commons, located at 100 Glenburnie Road, was sold by Massachusetts-based The Dolben Company Inc. Drew White, senior managing director of Berkadia’s Washington, D.C., office, and Carter Wood, director of Berkadia’s Richmond
Fredericksburg retail center sells for $8.5 million
Carter's Center is anchored by Target
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Commonwealth Self Storage bought a 40,617-square-foot retail center in Fredericksburg for $8.525 million, Cushman & Wakefield | Thalhimer announced Thursday. Carter’s Crossing, located at 27 S. Gateway Drive, was sold by Boosalis Properties, represented by Thalhimer’s Capital Markets Group. Catharine Spangler handled the sale, which closed Wednesday. Carter’s Crossing is a fully-leased retail center with
Congratulations to the 2021 Virginia CFO Awards winners!
Watch our video presentation for this year's nominees, finalists and winners
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Congratulations to the winners of the 2021 Virginia CFO Awards, honoring the commonwealth’s top nonprofit and companies’ chief financial executives, announced Friday by Virginia Business Editor and Chief Content Officer Richard Foster. Watch the video below for this year’s nominees, finalists and winners in four categories: Small companies (fewer than 100 employees) Large companies (more
Va. initial jobless claims rise slightly
Continued claims decrease in filing week of June 12
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Virginia’s new unemployment claims rose slightly last week, while continued jobless claims declined, the Virginia Employment Commission reported Thursday. For the filing week ending June 12, 7,849 people filed initial claims, an increase of 639 from the previous week. Continued claims totaled 44,793 last week, down 5,468 claims from the previous week. This time a
Chesterfield business park portfolio sold for $39.5M
Boulders, Moorefield parks purchased by Miami-based investor
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A Miami-based investor purchased a five-building Chesterfield County office portfolio for $39.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The Boulders and Moorefield business parks — totaling 414,322 total square feet that is 87% leased to several tenants that include AIG, Accenture and others — were sold by Hertz Investment Groups, represented by Thalhimer’s
