PI Global Investments
Real Estate

The Pipeline: Commercial real estate roundup for 7.22.22

TOP THREE SALES

No. 1: Stone Spring Properties sold 60,800 square feet at 8433 Erle Road in Hanover for $3.3 million. Kevin Cox with Porter Realty Co. represented the seller.

No. 2: TP Leadbetter LLC sold 22,871 square feet at 11046 Leadbetter Road in Hanover for $2.4 million to Greendale Railing. Kevin Cox with Porter Realty Co. represented the buyer.

No. 3: DDG Acquisitions purchased 1.27 acres at Maury St. and Albany Ave. in Richmond for $2 million from Richard H. Westbrook. Matt Hamilton and Jason Hetherington with CBRE represented the seller.

TOP THREE LEASES

No. 1: Darvish Interiors leased 45,000 square feet at 4301 Carolina Ave. in Henrico. Michael Mayhew with Commonwealth Commercial Partners represented the tenant.

No. 2: El Obrero Hardware Supply leased 30,000 square feet at 5400 Midlothian Turnpike in Richmond. Byron Holmes with Porter Realty Co. represented the tenant.

No. 3: ISO Group leased 12,250 square feet at 291-295 Turner Road in Chesterfield. Wilson Flohr and Byron Holmes with Porter Realty Co. represented the landlord.

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Porter Realty Co. reports the following deals:

Dice Enterprises sold 25,786 square feet at 10040 Whitesel Road in Hanover for $2 million to NJR Group LLC. Kevin Cox represented the seller.

10501 Vermeer LLC sold 7.028 acres at 10501 Vermeer Place in Hanover for $562,500 to American Fleet Holdings. Kevin Cox represented the seller.

Keysville Property Investments leased 5,080 square feet at 1829 E. Nine Mile Road in Henrico. Wilson Flohr represented the landlord.

Cushman & Wakefield | Thalhimer reports the following deals:

Express Wash Property Holdings purchased an acre at 7419 Pole Green Road in Hanover for $1.4 million from Riverstone Properties. James Ashby IV represented the seller.

Spirit Halloween leased 7,000 square feet at 15786 WC Main St. in Chesterfield. Alex T. Wotring, David Crawford and Kevin South represented the landlord.

The Weight Room leased 2,360 square feet at 6010 N. Crestwood Ave. in Henrico. Isaac DeRegibus represented the landlord.

Club Pilates leased 2,000 square feet at 15786 WC Main St. in Chesterfield. Alex T. Wotring, David Crawford and Kevin South represented the landlord.

Marco’s Pizza leased 1,600 square feet at 2518 Sheila Lane in Chesterfield. Reilly Marchant represented the tenant.

One South Commercial reports the following deal:

South South One LLC purchased 1,882 square feet at 7 S. 1st St. in Richmond for $435,000 from Bills Office LLC. Tom Rosman and Justin Sledd represented the seller.

Commonwealth Commercial Partners reports the following deals:

Magdalenas Cristales LLC leased 1,197 square feet at 20 N. 25th St. in Richmond. Michael Good and Eric Hammond represented the landlord.

Noleft Turns Inc. leased 1,600 square feet at 211 N. 18th St. in Richmond. Michael Good and Eric Hammond represented the landlord.

Young Men’s Christian Association of Greater Richmond leased 11,844 square feet at 201 W. 7th St. in Richmond. Tucker Dowdy represented the landlord.

Palmetto Infusion Services leased 2,703 square feet at 14401 Sommerville Court in Chesterfield. Tucker Dowdy and Russell Wyatt represented the landlord.

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