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3110 N Arthur Ashe Blvd Road Sells For $1,950,000

3110 N Arthur Ashe Blvd Aerial

Richmond, VA – May 7, 2020 – Colliers International is pleased to announce the sale of 3110 N Arthur Ashe Boulevard in Richmond, Virginia for $1,950,000.

3110 N Arthur Ashe Blvd is a 1.19-acre site located across from The Diamond and the Boulevard Redevelopment project which is a 60+ acre mixed-use redevelopment site.

The Property was previously owned by NB Arlington, LLC and has sold to Arthur Ashe Blvd. RE, LLC

Senior Vice Presidents Harrison Hall and Peter Vick represented the Seller in this transaction and Senior Vice President Marc Allocca represented the buyer.


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Harrison Hall

Senior Vice President

Richmond - North

As Senior Vice President and Co-Director of the Retail Services Team, Harrison specializes in retail site selection, landlord and tenant representation, land assemblage, land sales and investment sales.

His intimate knowledge and experience in the industry has afforded opportunities to work with tenants including Whole Foods, Lidl, Bloomin’ Brands, Diamonds Direct, Golfsmith, Crunch Fitness, Verizon, TitleMax, Burger King, McDonald’s, Rite Aid, Mellow Mushroom, Richmond Restaurant Group, EAT Restaurant Partners, Starbucks, Xfinity, Kona Grill, Cook Out, Zaxby’s and many other high profile national and local tenants. He has also worked on both the acquisition and disposition side of numerous investment sale transactions varying from grocery-anchored retail centers to single-tenant, triple-net properties. Harrison has been involved in the leasing of over four million square feet of commercial space and the disposition/acquisition of over $300M in sales.

Recent signature assignments include West Broad Village, The Row at GreenGate, Libbie Mill Midtown and Winterfield Crossing, all mixed-use projects located in Richmond, Virginia.

Harrison began his commercial real estate career in 2003 working for The Shopping Center Group. In 2005, he joined the Wilton Companies and assisted in creating their Third-Party Brokerage Group. After five years, Harrison left the Wilton Companies to become a principal and founding member of NAI Eagle, a full-service real estate firm specializing in retail and mixed-use real estate. Most recently, Harrison was Senior Vice President of Retail Sales and Leasing at Divaris Real Esate in Richmond, VA.

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Peter Vick

Senior Vice President

Richmond - North

As Senior Vice President and Co-Director of the Retail Services Team, Peter Vick specializes in site selection, tenant and landlord representation, land sales and investment sales.

Peter has handled project leasing for existing and ground-up developments. Recent signature assignments include West Broad Village, The Row at GreenGate, Libbie Mill Midtown, and Winterfield Crossing, all mixed-use projects located in Richmond, VA. He has handled the disposition of numerous commercial investment sales that include grocery anchored shopping centers as well as single tenant NNN sales. Working with numerous local and national retailers, Peter has been involved in the leasing of over three million square feet of commercial space and the disposition/acquisition of over $300M in sales.

Peter is responsible for the leasing of a portfolio consisting of four million square feet of retail space throughout Virginia for clients that include, Sauers Properties, Site Centers, Markel Eagle, Rebkee Properties, Gumenick Properties, Blackwood Development, Spy Rock Real Estate Group, Sugar Oak Properties, Riverstone Properties, Colterra Capital, Pruitt Companies, Frontier Development, W.S. Carnes, Premier Companies and numerous other local, Regional and National Landlords and Developers. Additionally, Peter is part of the Colliers team that overseas the National retail expansion of LL Flooring (Lumber Liquidators).  

Prior to joining Colliers, Peter was Senior Vice President of Retail Sales and Leasing at Divaris Real Estate in Richmond, VA. Before that, Peter began his real estate career in 2008 with The Wilton Companies in their third-party brokerage department. In 2010, he joined NAI Eagle as a founding partner and principal.

 

Notable Tenant Transactions
• Lidl
• Bloomin’ Brands
• Diamonds Direct
• Golfsmith
• Crunch Fitness
• Verizon
• TitleMax
• Burger King
• McDonald’s
• Mellow Mushroom
• Richmond Restaurant Group
• EAT Restaurant Partners
• Starbucks
• Xfinity
• Kona Grill
• Cook Out
• Zaxby’s
• Chipotle
• First Watch
• Hand and Stone
• Bon Secours
• Venture X
• VA ABC
• Food Lion
• Crunch Fitness
• Hibbett Sports
• Chipotle
• Panda Express
• Lumber Liquidators

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Marc Allocca

Senior Vice President

Richmond - North

Marc Allocca joined the firm in 2004 as a Senior Vice President. Office and office/flex properties are Marc’s primary areas of expertise and he has significant experience in both landlord and tenant representation. Additionally, Marc has assisted both users and investors in the purchase of office, industrial and office/flex properties.

Marc represents national tenants as well as many local and regional firms and effectively utilizes his experience and knowledge to develop and enhance relationships with his clients and to add value to their real estate assets, while providing the highest level of customer service. Marc began his career in the commercial real estate industry in 1997 with Advantis GVA and Trammell Crow Company.

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