Virginia

Cooking Oil Importer Signs 100,002 SF Industrial Lease in Chesapeake, Virginia

by John Nelson August 25, 2026

CHESAPEAKE, VA. — Ciuti International LLC, a specialty cooking oil importer and packager, has signed a 100,002-square-foot industrial lease at Diamond Hill III, a facility located at 1960 Diamond Hill Road in Chesapeake. Situated about six miles south of the Port of Virginia, the property will house the first Virginia operation for Ciuti. Brett Sain of Cushman & Wakefield | Thalhimer represented the tenant in the lease negotiations. Christine Kaempfe, Ellis Colthorpe and Geoff Poston, also with Thalhimer, represented the undisclosed landlord.

August 25, 2026

Industrial Market Reports Southeast Southeast Market Reports Virginia

Richmond Industrial Real Estate: A Market Maturing Into Its Next Phase

by John Nelson August 24, 2026

Richmond’s industrial real estate market has changed considerably over the past several years. What was once a relatively quiet Mid-Atlantic logistics market became one of the country’s most competitive industrial markets during the pandemic. Record leasing activity, limited availability and rapidly rising rents attracted developers and institutional capital from across the country. Today, the market is more balanced — and, in my opinion, healthier. The fundamentals remain strong, but the days of putting a sign on a warehouse and watching tenants compete for the space are behind us. For owners, developers and investors, success in Richmond’s industrial market now requires a much closer look at location, building functionality, basis and tenant demand. The numbers tell the story. Richmond entered the second half of 2026 with an industrial vacancy rate of approximately 5.5 percent, according to CBRE, while the market posted positive net absorption of 136,000 square feet during the second quarter. Average asking rents reached $8.86 per square foot, up 2.4 percent from the prior quarter. At the same time, the development pipeline has grown to approximately 12.6 million square feet under construction, of which approximately 3.9 million are speculative projects. That amount of new supply deserves attention. Richmond has …

August 24, 2026

Acquisitions Office Southeast Virginia

Finmarc Purchases Twin Office Towers in Northern Virginia for $77.5M

by John Nelson August 20, 2026

MCLEAN, VA. — Bethesda, Md.-based Finmarc Management Inc. has completed its $77.5 million purchase of Highline at Greensboro, an office campus in Northern Virginia’s Tysons Corner submarket comprising twin 10-story office buildings. The two properties are located at 8401 and 8405 Greensboro Drive in McLean and total approximately 460,000 square feet. The office campus was 70 percent leased at the time of sale to tenants including Mortgage One Solutions, TEGNA, ASC Ortho Management Co., The MIL Corp., Rappaport Management Co. and Body Contour Centers. Cliff Mendelson of Metropolis Capital Advisors arranged an undisclosed amount of acquisition financing for Finmarc. Paul Collins and Kevin Sidney of Cushman & Wakefield represented the seller, Los Angeles-based CIM Group, in the transaction. CIM Group recently completed a $16 million capital improvement program at Highline at Greensboro. Finmarc has tapped Josh Masi and Paige Barger of Cushman & Wakefield to handle the leasing assignment at the office campus.

August 20, 2026

Acquisitions Industrial Leasing Activity Southeast Virginia

DWG Capital Partners Acquires Manufacturing Facility in Dublin, Virginia Via Sale-Leaseback

by John Nelson August 13, 2026

DUBLIN, VA. — DWG Capital Partners has purchased an 83,683-square-foot manufacturing facility located at 320 Newbern Road in Dublin, a city in southwest Virginia’s I-81 Corridor. The publicly traded seller, Commercial Vehicle Group (CVG), sold the property to DWG Capital and leased back the facility on a 20-year absolute triple-net lease. The facility is situated on 4.7 acres and features 14- to 16-foot clear heights, six dock-high doors, one drive-in door and outdoor storage. Albert Hernandez and Rob Stockhausen of Colliers represented CVG in the sale-leaseback. According to Judd Dunning, founder and principal of DWG Capital, Skyline National Bank provided acquisition financing for the deal. The sales price and loan amount were not disclosed.

August 13, 2026

Acquisitions Retail Southeast Virginia

Finmarc Sells Shopping Center in Manassas, Virginia for $24.5M

by John Nelson August 12, 2026

MANASSAS, VA. — Bethesda, Md.-based Finmarc Management Inc. has sold Festival at Manassas, a 117,675-square-foot shopping center in Northern Virginia, for $24.5 million. JCR Cos. purchased the grocery-anchored property, which is located at 10288-10388 Festival Lane in Manassas. Ryan Sciullo, Chris Munley, Colin Behr and Casey Smith of CBRE represented Finmarc in the transaction. Situated near the intersection of Sudley and Portsmouth roads, Festival at Manassas was 88 percent leased at the time of sale to tenants including Global Foods, Golden Royal Buffet, SudsMore, My Salon Suites and Potbelly Sandwich Works.

August 12, 2026

Leasing Activity Mixed-Use Office Southeast Virginia

Comstock Signs QTS to 77,000 SF Office Lease for New Corporate Headquarters in Northern Virginia

by John Nelson August 5, 2026

RESTON, VA. — Comstock Holding Cos. Inc. has signed QTS Data Centers, a data center owner-operator owned by Blackstone, to a long-term office lease at Reston Station. QTS will occupy 77,000 square feet on the 11th, 12th and 13th floors at 1800 Reston Row Plaza, which serves as the company’s new corporate headquarters. Reston Station spans approximately 90 acres surrounding the Metro’s Wiehle-Reston East station. The campus features multiple office buildings housing tenants including Google, Booz Allen Hamilton and CARFAX, as well as two BLVD-branded apartment communities, stores, restaurants and a 28-story tower housing JW Marriott hotel and residences.

August 5, 2026

Acquisitions Multifamily Southeast Virginia

Berkadia Arranges $85M Sale of Multifamily Community in Manassas, Virginia

by Abby Cox July 27, 2026

MANASSAS, VA. — Berkadia has arranged the sale of Masons Keepe, a 270-unit multifamily community located in Manassas, roughly 31 miles southwest of Washington, D.C. The sales price was not disclosed, but CoStar Group tracked the sales price as $85 million. Brian Crivella, Bill Gribbin, Yalda Ghamarian, Jack Canepa and Drew White of Berkadia’s Richmond office represented the seller, University Village Apartments LLC, in the transaction. Brad Williamson and Christopher Ellis, also with Berkadia, originated a five-year Freddie Mac acquisition loan on behalf of the buyer, Bridge Investment Group. The fixed-rate loan features a three-year interest-only period, 35-year amortization schedule and a 70 percent loan-to-value ratio. Built in 2004, Masons Keepe comprises 17 garden-style residential buildings with one- and two-bedroom apartments ranging in size from 759 to 1,322 square feet, according to Apartments.com. Amenities include a swimming pool, fitness center, playground, clubhouse, business center, tennis court, volleyball court, conference rooms and a grilling area.

July 27, 2026

Development Mixed-Use Southeast Virginia

Monday Properties Receives Approval for Mixed-Use Development in Arlington, Virginia

by Abby Cox July 24, 2026

ARLINGTON, VA. — Monday Properties has received approval from the Arlington County Board for a major site plan amendment for the redevelopment two contiguous 12-story office buildings in Arlington’s Rosslyn district: 1401 Wilson Boulevard and 1400 Key Boulevard. The two office buildings, which were constructed in 1964, will be transformed into two 27-story multifamily towers dubbed The 1400s that will total 831 apartments, along with 28,959 square feet of ground-floor retail space anchored by a grocery store and a split-level parking garage. In addition, roughly 52 percent of the site will be allocated for publicly accessible open space. The project team includes Shalom Baranes Associates (architect of record), ParkerRodriguez (landscape architect) and VIKA Capitol (civil engineering and site design firm). A timeline for construction was not disclosed.

July 24, 2026

Development Multifamily Southeast Virginia

Bonaventure Breaks Ground on $85.3M Multifamily Development in Norfolk

by John Nelson July 23, 2026

NORFOLK, VA. — Bonaventure has broken ground on Attain at Newtown, an $85.3 million multifamily development located at 6659 E. Virginia Beach Blvd. in Norfolk. The 320-unit project, which is situated within an opportunity zone, is the second Attain-branded multifamily development that Bonaventure has begun construction on in the past month. The developer is financing Attain at Newtown with equity from Cafritz Asset Management LLC and a HUD 221(d)(4) loan originated by Greystone. Bonaventure plans to deliver first units in fall 2027. The Class A community will offer a mix of one-, two- and three-bedroom residences averaging 1,010 square feet in size. The design-build team includes general contractor Marlyn Development Corp., architect Cox, Kliewer & Co. and civil engineer Timmons Group. Bonaventure affiliate Vest Residential will serve as the property manager for Attain at Newtown.

July 23, 2026

Development Florida Self-Storage Southeast Virginia

Space Shop Underway on Three Self-Storage Properties in Florida, Virginia Totaling 2,088 Units

by John Nelson July 23, 2026

ATLANTA — Space Shop Self Storage has three self-storage properties underway in Florida and Virginia totaling 2,088 units. With these projects, the Atlanta-based firm is nearing 80,000 units under management across more than 100 facilities. The newly announced properties include a 715-unit facility located at 134 Mason Ave. in Holly Hill, Fla.; a 668-unit property at 480 Cogan Drive SW in Palm Bay, Fla.; and a 705-unit facility located at 10265 Lakeridge Parkway in Glen Allen, Va. The projects span a combined 297,000 square feet and represent a total investment of $40 million. Space Shop plans to deliver all three properties in spring 2027.

July 23, 2026

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