http://www.thalhimer.com Press releases, news and blog (appears on homepage) en helpdesk@thalhimer.com Copyright 2012 2012-01-18 http://www.thalhimer.com/site/brandy_hill_plaza_sells/ http://www.thalhimer.com/site/brandy_hill_plaza_sells/#When:21:10:54Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of Brandy Hill Plaza located at 7053-7095 Mechanicsville Turnpike in Hanover County, Virginia. 7055 Brandy Hill Plaza Assoc, LLC purchased the note on the approx. 111,000 sq. ft. project on 9 acres.  Food Lion anchors the 68,000 sq. ft. retail strip with the balance of 44,000 sq. ft. in the Clocktower Office building.  The purchase was consummated through Auction.com.  The Purchaser closed for $3.3 million as a deed in lieu of foreclosure and will retain the center as an investment.  Richard L. Thalhimer of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser. 2012-01-18 http://www.thalhimer.com/site/automotive_service_facility_sells/ http://www.thalhimer.com/site/automotive_service_facility_sells/#When:20:47:08Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of the Forza Automotive building located at 435 Ferry Road in Stafford County, Virginia. D. Yawer and M. Yawer are the current operators of the service facility and purchased the approx. 3,798 sq. ft. building and the 0.38 acre lot from the Estate of Charles C. Williams for $329,425.  They will continue to operate Forza Automotive from the property. Wilson H. Greenlaw, CCIM and Mary Katherine Greenlaw of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller. 2012-01-16 http://www.thalhimer.com/site/former_famous_anthonys_restaurant_sells/ http://www.thalhimer.com/site/former_famous_anthonys_restaurant_sells/#When:20:41:51Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of the former Famous Anthony’s Restaurant located at 2625 Lakeside Drive in Lynchburg, Virginia. Clarion Investments, LLC purchased the approx. 1.2 acre parcel from WCI, LC for $1,250,000.  The existing restaurant building will be razed and the property will be combined with an additional 4 acre parcel that WCI sold to the buyer last year for the construction of the new home of Billy Craft Hyundai.   Norman Moon, CCIM, SIOR of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller. 2012-01-16 http://www.thalhimer.com/site/hampton_north_ii_office_building_sells_as_investment/ http://www.thalhimer.com/site/hampton_north_ii_office_building_sells_as_investment/#When:15:49:02Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of Hampton North II office building located at 303 Butler Farm Drive in Hampton, Virginia. Suttle Holding Corporation purchased the approx. 67,749 sq. ft. office building situated on 7.54 acres from Hampton North I, LLC and Hampton North II, LLC for $5,250,000 as an investment. John P. Duffy, Jr., CCIM of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller. 2012-01-12 http://www.thalhimer.com/site/freestanding_retail_property_sells1/ http://www.thalhimer.com/site/freestanding_retail_property_sells1/#When:15:42:55Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of 2007 W. Broad Street in the City of Richmond, Virginia. Albert R. Chiocca purchased the approx. 2,993 sq. ft. freestanding property from Broad Street Properties, LLC for $200,000 as an investment. Connie Jordan Nielsen and Lindsey C. Floyd of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the Seller. 2012-01-12 http://www.thalhimer.com/site/former_u.s._food_service_property_sells_apartments_to_be_developed/ http://www.thalhimer.com/site/former_u.s._food_service_property_sells_apartments_to_be_developed/#When:15:27:08Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of the former U.S. Food Service property located at the intersection of Diamond Springs Road and Northampton Boulevard in Virginia Beach, Virginia. Spring Water, LLC purchased the approx. 183,814 square foot building situated on 15 acres of land from USF Propco II, LLC & U.S. Foodservice, Inc. for $5,200,000.  Spring Water, LLC plans to demolish the building and construct apartments on site. Robert M. Thornton, CCIM, SIOR and William Throne, CCIM, SIOR, ALC of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the buyer. 2012-01-12 http://www.thalhimer.com/site/lynchburg_humane_society_purchases_land_for_state-of-the-art_facility/ http://www.thalhimer.com/site/lynchburg_humane_society_purchases_land_for_state-of-the-art_facility/#When:18:09:18Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of +/-9.60 acres of land situated at 1211 Old Graves Mill Road in Lynchburg, Virginia. Lynchburg Humane Society purchased the land from the Estate of Lillian L. Schenkel for $720,000 for the construction of a new office and state of the art shelter facility to serve the Lynchburg MSA.  The facility is currently in the final planning stages with the expectation that construction will begin in the later part of 2012. Norman Moon, CCIM, SIOR of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller. 2012-01-06 http://www.thalhimer.com/site/mpe_usa_purchases_warehouse_for_expanded_facility/ http://www.thalhimer.com/site/mpe_usa_purchases_warehouse_for_expanded_facility/#When:17:52:29Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of 10424 Rodney Street in Pineville, North Carolina. MPE USA purchased the approx. 70,340 sq. ft. warehouse property situated on 4.68 acres from First Industrial B&L, LLC for $1,690,000 to upfit and expand their current manufacturing and distribution facility.  Warren M. Snowdon, SIOR and David Hanna of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the Seller.  2012-01-06 http://www.thalhimer.com/site/backyard_america_purchases_warehouse_property_for_relocation/ http://www.thalhimer.com/site/backyard_america_purchases_warehouse_property_for_relocation/#When:17:37:10Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of 3300 Dill Smith Drive in Spotsylvania County, Virginia. EVCAM, LLC purchased the approx. 32,186 sq. ft. warehouse property situated on part of a 4.43 acre parcel of land from Robert and Janice Glover for $1.1 million and plans to relocate their business, Backyard America, to this location. Virgil Nelson, CCIM of Cushman & Wakefield | Thalhimer represented the seller and was the sole broker handling the sale negotiations. 2012-01-06 http://www.thalhimer.com/site/top_industrial_team_joins_cushman_wakefield_thalhimer_raleigh_office/ http://www.thalhimer.com/site/top_industrial_team_joins_cushman_wakefield_thalhimer_raleigh_office/#When:16:34:51Z Cushman & Wakefield | Thalhimer is pleased to announce the addition of Raleigh-Durham’s top industrial team of Christopher J. Norvell, SIOR, James P. Allaire, SIOR and Jackson Rives to their Raleigh office. Chris Norvell, Senior Vice President, comments, “We’re thrilled to have the opportunity to align our team’s knowledge and experience of the Carolina’s industrial markets with Cushman & Wakefield | Thalhimer.  The depth of Cushman & Wakefield’s global platform, along with the entrepreneurial spirit that Thalhimer brings to the table, will provide significant tangible benefits to our team and our clients.”  The team has been the market leader in the Raleigh-Durham area for nearly a decade and has built a leasing portfolio consisting of approximately 6,000,000 square feet of industrial grade space throughout the region.  They have completed over $750 million of industrial building sales consisting of approximately 15 million square feet.  They also consistently represent the market’s most significant industrial tenant representation transactions.  In 2010, Triangle Business Journal recognized the team by awarding them the Top Sales Transaction and Top Industrial Lease Transaction of the Year for the sale of the 1.5 million square foot Research Tri-Center portfolio and the 277,000 square foot build-to-suit for Caterpillar. Chris Norvell specializes in investment and owner/occupier sales and landlord and tenant representation for industrial assets throughout North Carolina.  He has concentrated his efforts in the region’s industrial real estate for more than 17 years, previously spearheading the leasing and development efforts for the Triangle’s largest industrial developers, Duke Realty and Craig Davis Properties.  Jim Allaire, Senior Vice President, brings more than 20 years experience to the industrial team and in addition to industrial tenant and landlord representation, specializes in high-tech and Life Sciences facilities throughout the Research Triangle region.  Jackson Rives, Vice President, focuses on landlord and tenant representation of industrial properties and began his career with Duke Realty.  The industrial team was most recently with Cassidy Turley. “We are very fortunate to have such an accomplished and successful industrial and capital markets team join Cushman & Wakefield | Thalhimer.  Our entire firm will benefit from their proven experience and client-centric services that they provide.  Their track record, experience, and talent will complement our existing platform”, according to Lee Warfield, President. Kent Honeycutt, Senior Vice President and managing broker in the Raleigh office comments, “The addition of Chris, Jim and Jackson is an integral part of the Cushman & Wakefield | Thalhimer expansion into North Carolina.  This team solidifies Cushman & Wakefield | Thalhimer as a market leader in investment sales and industrial and office sales and leasing”.  * * * Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Lynchburg, Charlotte and Raleigh.  The company has over 100 broker professionals and employs over 300 associates with a property portfolio of 32 million leasable square feet.  In 2010 Thalhimer completed over 1,600 transactions with a transactional volume in excess of a half billion dollars.  Thalhimer is the region’s leading provider of comprehensive commercial real estate services.  The firm offers comprehensive commercial real estate services including corporate services, investment sales, tenant representation, construction management, project management, asset management, and the sale and leasing of office, industrial and retail properties.        2012-01-04