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Chris Read | Colliers | Norfolk - Main

Chris Read

Senior Vice President

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About

Professional Summary

Chris Read specializes in the sale and leasing of retail property for Colliers | Virginia.  As the Director of the Retail Services Team in Norfolk, Virginia, he has extensive recent and long-term experience generating positive results to owners, developers and tenants in the retail sector for over 24 years.

On behalf of national and regional clients, Chris has achieved success on a multitude of assignments including, but not limited to, shopping center leasing and sales, site selection, new retail developments, land subdivisions and parcel sales to end users, tenant-mix strategies, architectural guidance/shopping center design, big box leasing, redevelopment projects, portfolio leasing/sales, tenant representation, complex contract negotiations, investment sales and surplus property dispositions.  This knowledge base presents a thorough understanding of special requirements to furnish a personalized approach to individual client needs. 

Accomplishments

  • Past recipient of the Broker Employee of the Year award
  • Gold Award, Tidewater Association of Realtors Member, Million Dollar Sales and Leasing Club

Education

  • Bachelor of Science, Old Dominion University
  • Master of Science, Old Dominion University

Memberships & Involvements

  • Member, International Council of Shopping Centers (ICSC)
  • Member, Greater Hampton Roads Real Estate Association 
  • Member, Old Dominion University Real Estate Board
  • Member, ICSC Southern Division Planning Committee

Services

Service Lines

Landlord Representation, Tenant Representation

Property Type

Retail

My Team

Featured Research

Nov 2, 2020

Atlantic Park Development Passes Critical Milestone

Atlantic Park Development Passes Critical Milestone
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Jan 15, 2020

Norfolk Retail Q4 Marketview

Multiple Large Deliveries Highlight Strong Activity Within Norfolk Retail Market in 2019
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May 15, 2019

Norfolk Retail Q1 2019 Marketview

Market Overview The Norfolk retail market showed slight increases in vacancies throughout Q1 2019, ending the quarter with 207,908 sq. ft. of negative net absorption, which raised the vacancy rate 30 bps (basis points) to 5.9%. Average asking rents (NNN) ended Q1 2019 at $13.34 across all product types, which is a slight decrease of $0.30 quarter-over-quarter, however an increase of $0.77 year-over-year. Market rents have been increasing since the recession, and that trend is expected to continue in the near future. With the upcoming deliveries of IKEA and Wegmans, the area is showing that it can be attractive to selective, high-quality retailers. Both of these retailers are known for providing high-quality experiences within their stores, despite their products being the main drivers of business. They highlight the growing trend of experiential retail, which will likely continue gaining popularity as brick-and-mortar continues to evolve.
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Featured News

Feb 11, 2021

2021 Outlook: Multifamily, Industrial, Retail and Office Market Remain Vibrant

Colliers Virginia provide their 2021 predictions on Virginia's commercial real estate market
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Oct 29, 2020

Summit Pointe’s Phase Two is Open For Business

Summit Pointe Realty, LLC is pleased to announce that its newest office building, 555 Belaire, and Helix, a 133-unit luxury apartment community with street-level retail, are officially open. A ribbon cutting was held to mark the completion of construction and to announce the first office tenant.
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