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Richmond-Hampton Roads


The Simpson Organization Buys Two Innsbrook Office Buildings for $22M

The Simpson Organization Buys Two Innsbrook Office Buildings for $22M

Richmond’s hot Insbrook submarket continues to attract office investors. The Atlanta-based Simpson Organization purchased Westerre I and II this month, for $22 million or about $135 per square foot. It is the highest price per square foot paid in the Richmond area this year.…

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Norfolk, Richmond Malls Acquired by Starwood as Part of $1.4B Retail Deal

Norfolk, Richmond Malls Acquired by Starwood as Part of $1.4B Retail Deal

Last month, Starwood Capital Group completed the acquisition of seven regional shopping malls from Taubman Centers. Two of the properties in the portfolio are located in the state of Virginia, in the cities of Richmond and Norfolk.…

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Green Flash Breaks Ground on $20M Brewery in Virginia Beach

Green Flash Breaks Ground on $20M Brewery in Virginia Beach

Another San Diego brewery is coming to the state of Virginia. Just days after Gov. Terry McAuliffe announced that Stone Brewing Co. plans to build a $74 million facility in Richmond, Green Flash Brewing Co. officially broke ground on a new brewery in Virginia Beach.…

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Exeter Property Group Pays $31.2M for 2 Industrial Properties

Exeter Property Group Pays $31.2M for 2 Industrial Properties

Pennsylvania-based Exeter Property Group continues to expand its portfolio of industrial properties in the United States. In a transaction which closed on October 3, the company purchased two Class-A distribution buildings in the Richmond area.…

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Stone Brewing To Open $74M Facility in Richmond, Create 288 Jobs

Stone Brewing To Open $74M Facility in Richmond, Create 288 Jobs

Another important employer is coming to Richmond and the state of Virginia. Governor Terry McAuliffe announced on Thursday, October 9, that Stone Brewing Co., the 10th largest craft brewer in the United States, plans to construct its East Coast production and distribution facility in Richmond’s Greater Fulton Community.…

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IMS Gear Unveils 112 KSF Facility in Virginia Beach

IMS Gear Unveils 112 KSF Facility in Virginia Beach

IMS Gear is expanding its presence in Virginia Beach. On Friday, October 3, the German company officially dedicated its newest manufacturing facility in the area.…

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Westdale Hires Cushman & Wakefield | Thalhimer To Lease Concourse at Wyndham Portfolio

Westdale Hires Cushman & Wakefield | Thalhimer To Lease Concourse at Wyndham Portfolio

Westdale Real Estate Investment and Management is looking for new tenants for a portfolio of Class A office buildings it owns in the Concourse at Wyndham, an attractive suburban office park within Henrico County’s Innsbrook submarket. The company has recently hired Cushman & Wakefield | Thalhimer to provide exclusive leasing…

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MCR Development Buys Hilton Garden Inn Richmond for $20M

MCR Development Buys Hilton Garden Inn Richmond for $20M

The Hilton Garden Inn Richmond Innsbrook has changed hands this month. The property at 4050 Cox Road traded for 20 million, according to Henrico County property records.…

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Adler Group Taps JLL to Lease Norfolk’s Interstate Corporate Center

Adler Group Taps JLL to Lease Norfolk’s Interstate Corporate Center

Norfolk’s massive, 17-building Interstate Corporate Center is looking for new tenants. Miami-based Adler Group, the owner of the property, has recently selected Jones Lang LaSalle’s Hampton Roads to lease the campus-style office park.…

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Edge Development Eyes Southside Richmond Site for Residential Project

Edge Development Eyes Southside Richmond Site for Residential Project

More apartments and single-family homes are coming to Richmond. Edge Development Partners plans to turn an underutilized 55-acre site, located at 6508 Jahnke Road and known as the Bliley Property, into 377 new residences.…

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Highwoods Sells 11 Office Buildings for $40.7M

Highwoods Sells 11 Office Buildings for $40.7M

Highwoods Properties sold eleven of its Henrico County office properties last month in two separate transactions to two different buyers. The total sales price was $40.7 million.…

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InTown Suites Buys 4 Properties in Hampton Roads

InTown Suites Buys 4 Properties in Hampton Roads

InTown Suites Extended Stay Living is expanding its presence in the Hampton Roads area. The Atlanta-based company has recently purchased four extended-stay properties in the region.…

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