Best Buy Inc., a Minneapolis-based retailer of
consumer electronics, signed a lease for 30,000 square
feet of retail space at Bell Creek Commons in
Mechanicsville. (News release)
Dick’s Sporting Goods, a national retailer
of sporting apparel and outdoors equipment, signed a
lease for 45,000 square feet of retail space in Coleman
Marketplace Shopping Center in Danville. (News release)
iDirect Inc., a Herndon-based provider of satellite-based
broadband services, will expand its presence at Presidents
Park I in Herndon by 18,000 square feet by June 2008.
The company occupies 43,000 square feet at Presidents
Park II. The deal will make Presidents Park I, owned
by Republic Property Trust of Washington, D.C.,
95 percent leased. (Business Wire)
Liberty Property Trust is
building a speculative Class A office building in Chesapeake’s Battlefield
Corporate Center. The three-story, 75,000-square-foot,
multi-tenant structure will be completed in the first
quarter of 2008. (News release)
LTD Management
Co. of Chesapeake will contract a Residence Inn
by Marriott facility in downtown Norfolk. The nine-story,
160-all suites hotel will break ground this fall with
a scheduled opening at the end of 2008. (News release)
The New Century Venture Center, a business incubator,
moved from Roanoke to a mixed office and warehouse facility
in Salem to offer more warehouse and manufacturing space.
Current tenants will stay in Roanoke until the end of
their lease periods, from one to six months, with renewable
clauses. (News Release)
NHM Enterprises sold Midlothian
Festival Shopping Center to Charleston AN for
$3.4 million. The 4.5-acre site is fully leased to
15 retail clients totaling nearly 39,000 square feet. (News
release)
