Virginia

Colliers Virginia has been retained as the exclusive advisor for the sale of The Commonwealth Building (“The Property”), located at 5457 Greenwich Road in Virginia Beach, VA.
The Commonwealth Building is a 108,306 SF fully leased, distribution warehouse located in the center of Hampton Roads. This location has immediate access to the regional road network, Interstate 264, and Interstate 64. The building is located in the Cleveland/Greenwich industrial submarket which consists of 1,569,899 SF with a current vacancy of 1.2% and an average rental rate of $6.25/SF NNN.
The Hampton Roads Industrial Market consists of 78,032,099 SF of warehouse space and currently has a vacancy rate of 1.5%. The Port of Virginia handled 799,009 TEUs (twenty-foot equivalent units) during the 2rd quarter, or a 22.1% increase from the same period last year. This includes handling monthly highs in each month of the quarter, which led to the most active first quarter in the history of the Port of Virginia.

The Colliers Retail Investment Group is pleased to offer, Hayes Plaza, a 56.59% leased, 58,986 sf AutoZone & Dollar General anchored neighborhood shopping center located along the well-travelled George Washington Memorial Highway (Route 17) in Hayes, VA. Dollar General and AutoZone have occupied the center since 1995 and 2009, respectively, along with the United States Postal Service since 1982. Dollar General, UPS and AutoZone have both recently executed long-term leases further solidifying their commitment to Hayes Plaza. The center is centrally located along the region’s primary north/south connector, George Washington Memorial Highway, and is situated within a Qualified Opportunity Zone. There is substantial upside in the in-line lease-up along with additional development acreage and pad development.

The committed anchors, value-add and future development, sought after essential and e-commerce resistant tenant mix, as well as the strategic location within the Qualified Opportunity Zone make Hayes Plaza an exciting investment opportunity.

100,632 SF, "Plug & Play" call center with all FF&E available including 839 Haworth Work Stations; Prominent Gold Course setting with pedestrian walkways throughout the course; 6.9/1,000 RSF Parking spaces; 1250 KWA Diesel Generator and UPS System 

Railyard at Lambert’s Point is a 99,852 SF up and coming retail site located
within the west Ghent submarket in Norfolk, VA. Hundreds of new apartment
buildings coming online in the Railroad District next door. The surrounding
historical neighborhoods are home to some of the region’s highest incomes
and most educated individuals.

• Project Size: 99,852 SF


• Zoning: C-2


• Traffic Counts: 38,000 VPD on Hampton Boulevard