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CBRE moving NoVa office to The Boro in Tysons
Firm to take up 11th floor
CBRE Group Inc. has signed a lease for 24,108 square feet at The Boro tower in Tysons, the firm announced June 1. In the first quarter of 2023, CBRE will move its Northern Virginia office from International Drive in Tysons to occupy the entire 11th floor of The Boro, at 8350 Broad St. The new
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Henrico assisted living facility to become affordable housing
Virginia Supportive Housing to run Cool Lane Commons
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Construction started this week on a $23 million project that will create 86 units of affordable housing in eastern Henrico County, Virginia Supportive Housing announced. Formerly an assisted living facility, Cool Lanes Commons, on the border of Richmond and Henrico, will create 80 one-bedroom apartments and six studio apartments for homeless and low-income people in
Richmond office building sells for $4.9M
3North leases 13,000-square-foot building
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A 13,288-square-foot office building in Richmond sold for $4.9 million, One South Commercial announced Thursday. Located at 4015 Fitzhugh Ave., the two-story building was built in 1954. The architecture firm 3North leases the building, which used to serve as the Boy Scouts of America headquarters. VA Wood Properties LLC bought the property from 1501WW LLC.
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Henrico office, warehouse building sells for $12.4M
LabCorp, Technology Integration Group anchor Villa Park I
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A flexible property with warehouse and lab buildouts in Henrico County sold for $12.4 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Located at 8040 Villa Park Drive in the Villa Park Business Park, Villa Park I is a 74,862-square-foot property. The property was 94% leased at the time of the sale,
Wise County IDA buys vacant office building for $1.2M
VCEDA provided loan
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The Wise County Industrial Development Authority purchased a vacant office building in the Lonesome Pine Regional Business and Technology Park with a $1.2 million loan from the Virginia Coalfield Economic Development Authority, officials announced Wednesday. The 10,000-square-foot building sits on approximately 4.63 acres at 5957 Windswept Blvd. and came furnished. The building is adjacent to
Kicking the can
Va. companies delay decisions about office space
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In April 2020, Savan Group LLC, a federal contractor specializing in digital transformation, information technology and management consulting, gave up its 10,500-square-foot office space in Tysons. Like many other companies, Savan Group shifted to remote work due to the COVID-19 pandemic, but by summer 2021, company President and CEO Veeral Majmudar was ready to look
JLL announces NoVa office move
Commercial real estate firm relocates to Tysons Blvd.
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JLL is moving its Northern Virginia office from Vienna to 1800 Tysons Blvd. in McLean, the commercial real estate company announced Monday. JLL will occupy nearly 24,000 square feet of the building, owned by Lerner Enterprises, with the move set during the first quarter of the year. Form Architects designed the office, which meets LEED
Innsbrook office buildings sold for $20.8M
Runymede buys Hamilton Beach, Waterfront Plaza buildings in Henrico
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Virginia Beach-based The Runnymede Corp. has purchased the Waterfront Plaza office portfolio at Innsbrook Corporate Park in Henrico County for $20.8 million from Raleigh, North Carolina-based Highwoods Properties, Cushman & Wakefield | Thalhimer announced Wednesday. The portfolio consists of two buildings: the 58,366-square-foot Hamilton Beach building, fully leased to Hamilton Beach Brands Inc.; and the 39,123-square-foot
Va. Beach office building sells for $4.25M
11,967-square-foot-building is at Oceanfront
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A Virginia Beach office building has sold for $4.25 million to Sharanya Ventures LLC, Cushman & Wakefield | Thalhimer announced Monday. Located at 3704 Pacific Ave., at the Oceanfront, the 11,967-square-foot building, which is 100% leased, was sold by York Street Suites Inc. The three-story building was built in 2003 and sits on about half
47 mixed-use parcels in Richmond sell for almost $22M
Seven "bundles" in Fan District include residential, retail, office
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Seven bundles of properties totaling 47 parcels in Richmond sold for almost $22 million, Commonwealth Commercial Partners LLP announced last week. The mixed-use properties are located in Richmond’s Fan District and consist of retail, office and restaurant space, as well as about 24 apartments and 267 parking spaces. Richmond-based Eck Enterprises LLC sold the properties