Cushman & Wakefield | Thalhimer

Thalhimer Multifamily is pleased to announce that Felicia Bryce has joined as Senior Marketing Manager in their Richmond office. Welcome Felicia #TeamThalhimer https://bit.ly/40dpTSM

Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller, an entity managed by Stanley Shield Partnership, in the sale of 7498 & 7486 Right Flank Road in Mechanicsville, Virginia. The assets consist of two Class A medical office condos within the newly constructed Right Flank Medical Condo development, located directly off of Bell Creek Road in Hanover County. The properties are currently 86% leased to prominent regional practices, Dermatology Associates of Virginia and Pulmonary Associates of Richmond. Montecito Medical Real Estate, out of Nashville, TN, acquired the assets on October 15, 2024 for $6.425M. The sale was completed by Catharine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group along with Birck Turnbull also in Thalhimer’s Richmond Office. https://bit.ly/4eOms9F

Cushman & Wakefield | Thalhimer is excited to announce Planet Fitness has leased 19,286 square feet at 6303 West Broad Street in Henrico County, Virginia. Planet Fitness joins Burlington, Aldi, and Office Max at the retail center. Read More: https://bit.ly/3BJZPEu

Thalhimer Multifamily Wins Community of the Year at VAMA’s ACE Awards! Thalhimer Multifamily was well represented at the Virginia Apartment Management Association (VAMA) ACE Awards in Norfolk. Thalhimer Multifamily associates and communities were nominated in several categories, received multiple top five placements, and won one ACE award—Fox Hill Village for Community of the Year (with average rents between $1,350 and $1,449)! Great job to all of our Hampton Roads TMF teams! https://bit.ly/3A2cja3

Cushman & Wakefield | Thalhimer is pleased to announce that Alec McElhinny has joined the Fredericksburg office as an associate, specializing in industrial sales, leasing, and investment sales. Welcome Alec! #TeamThalhimer https://bit.ly/3XYrZmM

Thalhimer’s Newport News team volunteered at Virginia Peninsula Foodbank and helped sort and bag 100 cases of fruit to be distributed to mobile pantries, senior home distribution sites, and partner agencies. They also donated $450, which will provide approximately 1,200 meals for those in need. #TeamThalhimer https://bit.ly/4eC8pUh

In this edition of Thalhimer’s Research Spotlight, we focus on the boom in data center developments in the Fredericksburg and Richmond regions. Virginia is home to the world’s largest data center market centered around Data Center Alley in Northern Virginia (NoVA). The exponential growth in demand has pushed NoVA to near maximum capacity with vacancy rates at less than 1%, pushing users and developers to look to Virginia’s regional markets as a result. Parts I and II of our Big Data research series covered Virginia’s infrastructure and how the state’s regional markets are poised to accommodate the NoVA overflow, and in this report, we’re analyzing the development pipeline being built in response to that overflow. Click to read the full report: https://bit.ly/3YkTKr2

Cushman & Wakefield | Thalhimer is pleased to announce the sale of 8011-8013 Midlothian Turnpike in Chesterfield County, Virginia. https://bit.ly/3ZY6GEm

Thalhimer Donates $6,490 to The Virginia Home through Thalhimer Gives. Cushman & Wakefield | Thalhimer partnered with The Virginia Home for the third quarter (Q3) of 2024 through their Thalhimer Gives program, a companywide initiative focused on community involvement and charitable giving. The Virginia Home’s mission is to provide compassionate and professional residential care to adult Virginians with physical disabilities. #TeamThalhimer https://bit.ly/482KWcA

Cushman & Wakefield | Thalhimer is pleased to announce the sale of 5460 Wesleyan Drive in Virginia Beach, Virginia. Read More: https://bit.ly/3Y9X9su