Sales & Leasing

We offer a full range of customizable services for property disposition and acquisition as well as landlord and tenant representation. Our network affiliations also allow us access to markets across the country for clients with needs beyond the Richmond area.

Porter HQ
Porter HQ

Buying

We utilize comprehensive market awareness to narrow the field of viable properties to allow clients to focus on evaluating only those sites most suitable for their particular needs.

Services include:

  • Full range of acquisition and buyer representation services
  • Investment analysis and feasibility studies available
  • Advanced technologies to simplify the site selection process

Selling

Due to the localized nature of the commercial real estate market, our wide-­‐ranging industry expertise enables us to identify the properties that are truly competitive with a client’s assets and to develop the best possible disposition strategy.

Services include:

  • Full service marketing approach to provide the exposure of a national firm and the personal attention of a local team
  • Full range of disposition services, including: highest & best use studies, investment analysis, market valuations, and assessment of owner leaseback scenarios
  • Target marketing practices, including thorough market inventory with shelf life and trend analysis
  • Direct mail, e-­‐mail, and social media marketing campaigns
  • Activity reporting tailored to each individual project

 

Landlord Representation

As building owners ourselves, we understand the need to secure tenants and to maintain quality relationships with them.
Our landlord representation services include:

  • Comprehensive marketing approach offering exposure across multiple media, including direct mail, e-­‐mail, and social media
  • Market trend analysis and market inventory tracking
  • Reporting tailored to each individual project

 

Tenant Representation

With a full range of site selection tools combined with a depth of market knowledge, we assist clients in streamlining the site selection process to maximize efficiency.

Services include:

  • Relocation and lease vs. own analysis
  • Customized reporting and market research

Significant Transactions

2001 Ware Bottom Spring Road
100,000 SF | Manufacturing Complex Sales & Leasing

Significant Transactions

2001 Ware Bottom Spring Road

Need:

Out-of-state company consolidation requiring local market expert to assist in disposition strategy.

Solution:

Developed aggressive target marketing plan to create property awareness among users and potential investors.

Result:

Secured long-term tenant and closed sale to institutional investor.

Former Viasystems Technology Corp Site Redevelopment
500,000 SF | Seller Representation Sales & Leasing + Consulting

Significant Transactions

Former Viasystems Technology Corp Site Redevelopment

Need:

Industrial complex on 136 acres sitting vacant following plant closure.

Solution:

Develop marketing strategy and creative reuse for the existing manufacturing complex of more than 500,000 square feet.

Result:

Property sold for retail redevelopment as The Shops At White Oak Village. Named CCIM’s Most Significant Real Estate Transaction of the year.

1301 Battery Brooke Parkway (Chesterfield County)
317,000 SF | Landlord Representation Sales & Leasing

Significant Transactions

1301 Battery Brooke Parkway (Chesterfield County)

Need:

Out-of-state property owner requiring an efficient and thorough market review when preparing a 317,000 SF industrial facility to market.

Solution:

Developed a virtual market overview, allowing owner to review the competing product remotely and then to target specific properties for site visits.

Result:

Long-term lease secured after just 9 months on the market.


Recent News

Becknell Industrial Plans New Airport Area Warehouse Complex

July 10

From Richmond Times-Dispatch:  A four-building industrial warehouse complex is being planned for South Laburnum Avenue in eastern Henrico County. Becknell Industrial, the Indianapolis-based developer of warehouse distribution centers across the nation, is developing the four-building site totaling 805,190 square feet at 6101 S. Laburnum Ave. — on property across the street from the Mondelez International…

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Former Southside Builders Supply Facility Sold

June 25

The 40,242 SF office/warehouse complex at 20 Westover Hills Boulevard, formerly home to Southside Builders Supply, has sold to Azul Properties LLC for $1,750,000.  The Richmond City complex includes a total of five buildings on 8.75 acres, and is located just north of Route 60/Midlothian Turnpike.  Porter Realty’s Byron Holmes handled the marketing of the…

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Power Systems Expands Diamond Area Footprint

March 5

From Richmond BizSense:  Power Systems & Controls, a 53-year-old company that supplies power products to Fortune 500s and federal government agencies, is expanding its operations at 3206 Lanvale Ave. to an adjacent building it purchased in November. The company bought the building at 3106 Lanvale Ave. for $1.66 million. The purchase price included $1.58 million…

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“Your effort, knowledge, dedication and cooperation was evident to insure the transaction closed on a timely basis.”

Leasing Manager, International Paper