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Virginia
Businesses in the News
Real
Estate
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News to Report? |
For
the Record is
compiled from company releases, business
journals and newspaper reports from around
the state. If you have an item for these
listings:
• Mail it to:
For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293
• E-mail it to ForTheRecord@va-business.com
• Fax it to (804)
649-6311 |
Trader Publishing Co., a
Norfolk producer of 700 locally based classified
and photo guide advertising publications across
the country, leased 33,077 square feet of office
space in Norfolk Commerce Park II. (01/22/04,
Press release)
Best Buy Metro Center, a
105,000-square-foot Springfield shopping center,
was purchased by Grosvenor, a development and
investment group with properties in metropolitan
areas throughout the United States and Canada.
The acquisition is the firm’s first in the
Washington, D.C. metro area. (01/16/04, Press
release)
Buchanan Partners, a Gaithersburg, Md.
development firm, bought six acres at Innovation@
Prince William to construct a speculative
flex/office space, the first within the 1,600-acre
biotech-oriented business park. (01/16/04,
PRNewswire)
The Mills Corp., an Arlington-based
developer of retail and entertainment properties,
acquired Westland Mall in Hialeah, Fla., near
Miami, for $79 million. The 835,000-square-foot
mall is the company’s third property in
Florida. (01/16/04, Business Wire)
Bogar LLC, a Roanoke-based investors
group, bought a 325,000-square-foot manufacturing
plant and 99 acres of land, including 70 acres
of vacant and developable property, from Ingersoll-Rand
for $4.35 million. Ingersoll-Rand once employed
680 persons at the Roanoke County plant, but
currently has only 34 workers in operations
occupying 94,000 square feet there. The company
signed a new long-term lease with Bogar. Valley
Machine, owned by Gary Sledd, a partner
in Bogar, will move to the plant and occupy
56,000 square feet of space. (01/13/04, The
Roanoke Times)
Web Teks, a Chesapeake Internet business
solutions provider, signed a lease for 6,168
square feet of office space in the Armada Hoffler
Corporate Center in Chesapeake. (01/12/04,
Press release)
Harbor Group International, a Norfolk
real estate investment firm, in partnership
with a New York-based corporate investor, bought
the One Enterprise Center in Jacksonville, Fla.
The 22-story, 348,852-square-foot Class A Tower
was purchased from Faison Enterprises for $45,250,000.
(01/12/04, Press release)
Newmarket South Shopping Center, a 391,785-square-foot
shopping center in Newport News, was bought by
the Dilweg Companies, a Durham, N.C.-based firm
with a portfolio of commercial properties valued
at more than $175 million. (12/22/03, Press
release)
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