Buchanan Partners, a Gaithersburg, Md. real
estate investment company, sold its Loudoun County
office complex Lakeside @ Loudoun Tech to Tishman Speyer
of New York for $88.5 million. The complex consists
of three four-story building, totaling 305,000 square
feet of space, fronting a nine-acre lake. (Press
release)
Commonwealth Opportunity Fund paid $19 million
to Cousins Properties for the Hanover Square
South Shopping Center and 10 acres of adjacent land
in Mechanicsville. (Press release)
Crosland Rutland LLC bought 20.6 acres of land
near the intersection of US 301 and Atlee Road from TL
Hunt for $2.1 million. Crosland plans to develop
a shopping center at the site. (Press release)
Dennis Foods Inc., a distributor of snack foods
and beverages in Virginia and North Carolina, plans
to buy five acres of land in the Suffolk Industrial
Park and invest $1.5 million to build a 22,000-square-foot
regional operations center. (The Virginian-Pilot)
Hayes, Seay, Mattern & Mattern, a Roanoke-based
architectural and engineering design firm, leased 8,300
square feet of office space in the Ocean Place office
building in Virginia Beach. (Press release)
Liberty Property Trust,
a Pennsylvania-based real estate investment trust,
announced four lease
signings at the Fairgrounds Distribution Center in
Richmond totaling 246,000 square feet, led by a long-term
lease on 90,000 square feet by Terry’s Tire Town. (Press
release)
The Trust for Public Land bought 438 acres
on the York River in Gloucester County as the site
for a future state park. The trust will transfer title
to the land to Virginia for $3.9 million in reimbursement
from bond funds approved by voters for the acquisition
of new park land. (Press release)
