The Latest Market News

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…

Byron Holmes Joins GRACRE Panel As Industrial Expert

March 2017

Published in the Richmond Times-Dispatch: All segments of the commercial real estate market in the Richmond area are expected to do well this year, according to a panel of speakers at the 2017 Market Review presented Tuesday by the Greater Richmond Association for Commercial Real Estate. “I am very bullish on 2017,” panelist Byron Holmes,…

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Scott’s Addition Warehouse Leased to Urban Innovations

February 2017

Urban Innovations LLC has leased 5,610 SF of warehouse space at 3121 West Leigh Street in the City of Richmond.  Cliff Porter and Wilson Flohr represented the landlord.

East End Henrico Facility Leased to Rite Rug Company

February 2017

Rite Rug Company has leased the 16,500 SF office/warehouse facility at 2500 Mechanicsville Turnpike in Henrico County.  Cliff Porter handled the negotiations on the landlord’s behalf.