The Latest Market News

2017 Year End Review: Development Activity Heats Up In Richmond

January 2018

Reprinted from Southeast Real Estate Business:  Major construction activity in the Richmond industrial sector is slated to continue with the recent announcement that Facebook will spend $1 billion to construct at 970,000-square-foot data center in eastern Henrico’s White Oak Technology Park, the first of a three phase project on more than 320 acres. Eastern Henrico…

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Publix Purchases Cosby Village Parcel in Chesterfield Co

November 2017

Publix Super Markets Inc. has closed on the purchase of 6.185 acres at 15930 Hull Street Road in Chesterfield County with plans for a new grocery store.  The 50,000-square-foot Publix is planned for a mixed-use development called Cosby Village at the northeast corner of Otterdale Road and Hull Street Road. Publix bought the land from The Goode…

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Bunzl Relocates RVA Operation to Henrico’s Airport Distribution Center

October 2017

Bunzl Distribution Midatlantic LLC has leased 114,009 square feet of space in the newly built Building B in Henrico County’s Airport Distribution Center.  Bunzl supplies a range of products to food processors, supermarkets, non-food retailers, convenience stores and other users, including food packaging, disposable supplies and cleaning and safety products, and will relocate its Richmond…

Near West End Facility Sold to Downtown Greek Deli

August 2017

Nick’s International Foods has purchased a new facility at 2413 Westwood Avenue in Henrico County, after selling its longtime downtown location earlier this year, and plans to move into the 6,400-square-foot building on Westwood Avenue in late October.  Wilson Flohr represented Nick’s in the purchase of the new building, and also handled the disposition of…

RVA Market Review: A New Era of Industrial Development

August 2017

Porter Realty Company was selected to contribute the industrial market review for the August 2017 issue of Southeast Real Estate Business.

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Chesterfield Land Site Sold to RISE Baseball

August 2017

RISE Baseball has announced plans to build a $2.3 million, 30,000 square foot indoor center on land purchased in Chesterfield County at East Boundary Court and Old Hundred Road.  Byron Holmes of Porter Realty Company brokered the sale of the land. The new facility will featured a full-size infield, 14 batting cages, clay pitching mounds,…

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Roslyn Farm Corp Buys 200-Acre Prince George County Site

June 2017

Roslyn Farm Corp. has purchased 203 acres at Rives Road in Prince George County from Richard E. Holland Jr. Properties LLC for $2.2 million. The site is bordered on the east by Interstate 295 and on the west by I-95, with access at Exit 47.  Robert E. Porter Jr. of Richmond-based Porter Realty Co. Inc.…

Goochland Industrial Facility Sells for $3 Million

June 2017

Rocstone Warehouse 17 LLC has purchased the 45,000 SF office/warehouse facility at 2200 Lanier Lane in Goochland County from Lanier Lane Realty LLC for $3,050,000.  Porter Realty’s Kevin Cox represented the buyer in the acquisition and will also be marketing the property for lease.  The Rockville, VA facility features heavy sprinkler and power systems, dock…

Richmond’s Hampton Nash Expands Northside Holdings

May 2017

Published in Richmond Biz Sense: As buyers continue to snatch up derelict properties along Brookland Park Boulevard, a real estate player in the Northside neighborhood is taking the lead on investing in another nearby street. Kyle H. Johnston, the owner of Richmond-based Hampton Nash, acquired two buildings at 2914-2916 North Ave. Hampton Nash renovates historic residential and small…

Airport Distribution Center Lease Recognized by GRACRE

April 2017

The Greater Richmond Association of Commercial Real Estate (GRACRE) presented its real estate awards for 2017 area projects and transactions, and named the lease of Building E at the Airport Distribution Center as the year’s best industrial lease.   Premier Store Fixtures will be the sole occupant of Building E, a 216,000 square-foot, 32′ clear…