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

Mount-It! to Invest $7.45MM in Prince George Operation

October 2

Mounting solutions distributor Mount-It! will invest $7.45 million to establish its first East Coast warehouse and distribution facility in Prince George County, creating 85 jobs.  Headquartered in San Diego, the company recently purchased the 50,880-square-foot facility at 5851 Quality Way in the Southpoint Business Park for $2,350,000.  Virginia competed with Delaware, Kentucky, North Carolina, and…

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RVA Industrial Market Review: Market Maintains Momentum

September 20

Porter Realty Company was selected to contribute the industrial market review for the August 2020 issue of Southeast Real Estate Business.  Click the “press release” link below to view the entire article. “At the mid-year mark, industrial occupancy in the greater Richmond area remains strong, closing with an overall occupancy rate of 92 percent in…

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Ashland Industrial Building Sells for $2.7MM

August 3

The 52,000-square-foot industrial building at 11250 Hopson Road in Hanover County has sold for $2,756,000.  The building sits on more than 3.6 acres of land.  Green Air Inc. purchased the property with plans to relocate its operation into 28,000 square feet of the building.  Porter Realty’s Kevin Cox handled the marketing and sale negotiations on…

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“Dick did an outstanding job in marketing and selling these properties for MWV… I found him to be very knowledgeable of the local real estate markets as well as very responsive to our needs.”

Assistant Treasurer, MeadWestvaco Corporation