Recent News

The Real Estate Boom in the Richmond Area

El auge inmobiliario en el área de Richmond

In recent times, there has been a significant real estate activity in the Richmond area, with multiple properties changing hands and new lease contracts being signed. Let’s take a closer look at some of the notable transactions.

In the sales category, JGR Equipment made a significant acquisition, purchasing a 28,600 square feet property in Richmond for $2.85 million. Jokity Investments secured 9 units in the city for $2.4 million. Finally, Barron Management sold 11,000 square feet in Hanover for $1.4 million.

In terms of leases, The Richmond Ballet has obtained a considerable space, leasing 25,920 square feet in Richmond. Select Crane Sales also joined the action by leasing 16,000 square feet in Hanover. Dollar Tree completed the podium with a lease of 10,802 square feet, also in Hanover.

But that’s not all. There were several other notable transactions as well. Real estate agency One South Commercial facilitated the sale of 2.39 acres in Henrico to Mountain GS Property for $895,000. Additionally, Justin Morris acquired 3.26 acres in Henrico for only $57,300.

In another development, Brown’s Events and Winner Tattoo both leased spaces in Prince George, while Encouragers Counseling & Training Centers secured a lease in Chesterfield. Aavin RIC subleased a small space in Richmond, and Clean Livin LLC purchased a 9,100 square feet property in Henrico.

Helene’s Braiding Salon and The Ice Cream Shop have found new homes in Henrico, while Brown Trucking Co. leased a space in Hanover. Sajid Naveed, MD, LLC, a medical clinic, leased a space in Petersburg.

In summary, these recent real estate movements indicate a dynamic and active market in the Richmond area.

Frequently Asked Questions (FAQ) about the Real Estate Market in Richmond: