Virginia

Beth Sholom Village Opens 153-Unit Seniors Housing Community in Virginia Beach

by John Nelson January 30, 2025

VIRGINIA BEACH, VA. — Owner-operator Beth Sholom Village has opened Aviva Pembroke, a new community located in Virginia Beach adjacent to the Pembroke Square shopping mall. Pembroke Realty Group developed the property on behalf of Beth Sholom Village. Totaling 153 units, the community features 121 independent living, 20 assisted living and 12 memory care residences. Amenities at the property, which was designed by Kahler Slater, include a pool, fitness center, bistro, community room and a meditation and prayer room. Outdoor amenities include a deck, rooftop lounge and terrace, pickleball courts, putting greens and firepits. The project team also included associate architect Drew Kepley, contractor S.B. Ballard Construction Co., civil engineer Kimley-Horn, structural engineer Lynch Mykins and interior designer Solution 65. JLL provided project oversight to Beth Sholom Village.

January 30, 2025

Data Centers Development Southeast Virginia

Avaio Digital Plans $5B Data Center Development in Farmville, Virginia

by John Nelson January 29, 2025

FARMVILLE, VA. — Avaio Digital Partners has agreed to purchase 280 acres in Farmville to make way for a new $5 billion data center campus. The Connecticut-based data center developer and operator signed the land sale agreement with the Industrial Development Authority (IDA) of Prince Edward County. Andy Walsh of SugarOak Realty represented Avaio Digital and Rhett Weiss with Cottonwood Commercial represented the Prince Edward County IDA in the land transaction. Known as the Farmville Data Hub, the site is fully zoned for five data centers, has ready fiber access, utility access and water supply secured. Avaio Digital has also completed preliminary site engineering and is in the process with Dominion for 300 megawatts of power. The developer is also underway on a $3 billion data center campus in nearby Appomattox County, Va.

January 29, 2025

Acquisitions District of Columbia Mixed-Use Multifamily Restaurant Retail Southeast Virginia

Jamestown Unloads Stake in Georgetown Renaissance Portfolio in DC to Acadia Realty Trust

by John Nelson January 28, 2025

WASHINGTON, D.C. AND ALEXANDRIA, VA. — Atlanta-based Jamestown has sold its stake in The Georgetown Renaissance Portfolio, a collection of 22 boutique retail and residential buildings in Washington, D.C.’s Georgetown neighborhood and a lone property in nearby Alexandria, Va. New York-based Acadia Realty Trust, already a minor owner of the portfolio, purchased Jamestown’s stake for an undisclosed price. Eastdil Secured represented Jamestown in the transaction. Jamestown originally acquired its interest in The Georgetown Renaissance Portfolio in 2011. The firm had previously sold off a portion of its interest to EastBanc, which used acquisition funds from Acadia Realty Trust, back in 2016. The portfolio is now home to several retail and design brands such as B&B Italia, Poliform, Molteni, Lululemon, Patagonia and Design Within Reach.

January 28, 2025

Development Office Southeast Virginia

HITT Contracting Breaks Ground on 270,000 SF Office Headquarters in Falls Church, Virginia

by John Nelson January 27, 2025

FALLS CHURCH, VA. — HITT Contracting has broken ground on its new headquarters facility at 7125 W. Falls Station Blvd. in Falls Church, roughly 10 miles west of Washington, D.C. The property will be a six-story building spanning 270,000 square feet of office and laboratory space, including a 40,000-square-foot research lab that HITT will operate in partnership with Virginia Tech’s Coalition for Smart Construction. The project architect, Gensler, designed the facility to achieve LEED Platinum certification. Upon completion in early 2027, the property will accommodate more than 900 local HITT team members.

January 27, 2025

Development Multifamily Southeast Virginia

ZOM Living Completes 491-Unit National Landing Multifamily Complex in Arlington, Virginia

by John Nelson January 17, 2025

ARLINGTON, VA. — ZOM Living has completed construction on Hazel & Azure at National Landing, a 491-unit luxury multifamily complex in Arlington. Balfour Beatty was the general contractor on the project, and bKL Architecture served as the project architect. Situated at 3030 & 3130 S. Potomac Ave., the development comprises two towers — the 15-story Hazel and11-story Azure — as well as 8,900 square feet of ground-floor retail space. Urban Boxing will occupy 4,709 square feet in the Hazel tower, Coffee Republic will occupy 2,006 square feet in Azure and a third tenant will comprise the remaining 2,201 square feet of retail space in the Azure tower. Monthly rental rates at Hazel range from $2,180 to $7,010, and Azure’s rents range from $2,294 to $8,805, according to Apartments.com. Units come in townhome, studio, one-, two- and three-bedroom floor plans that range in size from 516 to 1,852 square feet. Amenities include a rooftop pool, outdoor deck and grilling area, clubroom, fireplace, fitness and wellness spa, yoga room, coworking spaces, a self-serve resident market and a pet spa for dogs. The complex also offers concierge and white glove package delivery services and electric vehicle charging stations.

January 17, 2025

Data Centers Development Loans Southeast Virginia

JLL Arranges $1.2B to Fund Construction of Four Northern Virginia Data Center Projects for BlackChamber

by John Nelson January 16, 2025

WASHINGTON, D.C. — JLL’s Capital Markets group has arranged more than $1.2 billion over the course of 2024 to fund the construction of four data center campuses in Northern Virginia. Jamie Leachman and Drake Greer of JLL worked on behalf of the borrower, The BlackChamber Group, to arrange the funds. The direct lenders and the locations of the four campuses were not disclosed, but JLL mentioned the capital sources included bank balance sheet financing and private credit vehicles backed by insurance company funds. BlackChamber expects the new facilities to yield more than 740 megawatts of power capacity upon completion. The construction timeline for the new projects was also not released. Including these new facilities, BlackChamber’s Northern Virginia data center portfolio will comprise eight campuses offering nearly 1.5 gigawatts of power capacity across 6 million square feet of data center space.

January 16, 2025

Acquisitions Multifamily Southeast Virginia

Berkadia Brokers Sale of 412-Unit Hanover Tysons Apartments in Northern Virginia

by John Nelson January 16, 2025

TYSONS, VA. — Berkadia has brokered the sale of Hanover Tysons, a 412-unit multifamily community located at 1500 Westbranch Drive in Tysons, about 15 miles west of Washington, D.C. Chicago-based Mesirow Financial purchased the property from Hanover Co. and PCCP for an undisclosed price. The buyer has rebranded the community as The Jones at Tysons. Brian Crivella, Bill Gribbin and Yalda Ghamarian of Berkadia represented the sellers in the transaction. Situated adjacent to Tysons Galleria and Tysons Corner Center, the apartment community features studio, one-, two- and three-bedroom floor plans, as well as a resort-style pool, greenspace courtyard, fitness center, resident clubhouse and a theater room.

January 16, 2025

Acquisitions Retail Southeast Virginia

Wafra Sells Trader Joe’s-Anchored Shopping Center in Metro Richmond for $55M

by John Nelson January 15, 2025

SHORT PUMP, VA. — Wafra Inc. has sold Short Pump Station, a 91,369-square-foot shopping center in Short Pump, located roughly 10 miles northwest of Richmond. Nuveen Real Estate acquired the property for nearly $55 million, making the center the investor’s second acquisition in the Richmond metro area. Situated on 147 acres, the retail development is anchored by Trader Joe’s. Other tenants at the property include Ulta Beauty and Petco. John Owendoff of Cushman & Wakefield, along with Catharine Spangler of Cushman & Wakefield | Thalhimer, represented Wafra in the transaction. The New York City-based investor has owned Short Pump Station since acquiring it from a joint venture affiliate of AmCap in 2021. Nuveen has retained Cushman & Wakefield | Thalhimer to lease and manage the shopping center.

January 15, 2025

Development Industrial Southeast Virginia

Lingerfelt, SCOA Form Joint Venture for 347,760 SF Industrial Project Near Richmond

by John Nelson January 10, 2025

PRINCE GEORGE, VA. — Lingerfelt has formed a joint venture with SCOA Real Estate Partners, a wholly owned subsidiary of Sumitomo Corp., for the development of a 347,760-square-foot industrial facility in Prince George. Situated at the confluence of I-295, I-95 and Route 460 on Richmond’s south side, the development is dubbed TriPoint Distribution Center. The project broke ground last September and is set for completion this August. The joint venture has selected CBRE to lease and market the development, which ARCO is constructing on behalf of ownership.

January 10, 2025

Development Leasing Activity Retail Southeast Virginia

Whole Foods to Open 45,000 SF Grocery Store in Falls Church, Virginia

by John Nelson January 10, 2025

FALLS CHURCH, VA. — Whole Foods Market plans to open a new 45,000-square-foot grocery store at 103 E. Broad St. in Falls Church, about nine miles west of Washington, D.C. The new store is set to open on Feb. 7 and will replace an existing Whole Foods store at 7511 Leesburg Pike in Falls Church that has operated for more than 25 years. The new store’s product assortment features more than 700 local items from the D.C., Maryland and Virginia (DMV) region. The landlord of the new Whole Foods was not disclosed, but multiple media outlets report the store will anchor the Broad & Washington mixed-use development by Insight Property Group. The new store will be situated on the ground level of a 334-unit apartment building that opened last August.

January 10, 2025

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