cushman & wakefield | thalhimer capital markets …

ERIC ROBISON Senior Vice President

(804) 697 3475 [email protected]

MICHAEL EARLY First Vice President


CATHARINE SPANGLER Senior Associate (804) 344 7140

[email protected]

JOE KENNEDY Associate


BASIL HALLBERG (804) 697 3560

Senior Analyst [email protected]

CALVIN GRIFFITH (804) 334 7158

Financial Analyst [email protected]

RIKA DOTSON (804) 697 3439

Transaction Coordinator [email protected]

INVESTMENT OFFERINGSCUSHMAN & WAKEFIELD | THALHIMER CAPITAL MARKETS GROUP

THIRD QUARTER 2016

OFFICE / INDUSTRIAL / MULTIFAMILY / RETAIL / STNL

500 E. MAIN STREETNorfolk, VA

229,987 SF

62% Leased | 32 Tenants

Value-add opportunity that includes a 407 space parking garage plus two additional parcels which, when combined, encompass almost an entire city block in Norfolk’s rapidly growing CBD.

ON MARKET Contact: Eric Robison

BOULDERS OFFICE PORTFOLIORichmond, VA

289,278 SF | Three (3) buildings


Value-add office portfolio consisting of three Class A office buildings and a 3.7-acre developable parcel zoned O-2.

UNDER CONTRACT Contact: Eric Robison

ONE & TWO COMMERCIAL PLACENorfolk, VA

620,000 SF | Two (2) buildings

33% Leased | Multiple tenants

Value-add CBD office investment opportunity consisting of one office tower 33.3% leased to nine tenants and an adjoining completely vacant, nine-story building.

SOLD FOR $22,000,000 | JANUARY 2016 Contact: Eric Robison

BANK OF AMERICA CENTERRichmond, VA

508,000 SF | One (1) building


Value-add CBD office investment opportunity with strong credit rent roll and 6.9 years of average lease term on in-place tenants.

SOLD FOR $42,000,000 | FEBRUARY 2016 Contact: Eric Robison

4800 COX ROADRichmond, VA

62,941 SF

93% Leased | Four tenants

Rare offering in the highly sought-after Innsbrook Corporate Center. Class A multi-tenant office building.



OYSTER POINT OFFICE PORTFOLIONewport News, VA

133,482 SF | Four (4) buildings

83% Leased | Multiple tenants

Core-plus suburban office portfolio in the Peninsula area of Hampton Roads’ most successful office parks.

SOLD FOR $9,000,000 | DECEMBER 2015 Contact: Eric Robison

ARBORETUM IXRichmond, VA


77% Leased | Nine tenants

Value-add, Class A suburban office building with a strong, credit tenant rent roll and over six years left on average on in-place leases.

SOLD FOR $6,750,000 | DECEMBER 2015 Contact: Eric Robison

PARHAM PLACERichmond, VA


100% Leased | Single-tenant

Attractive, contemporary single-tenant, headquarters office portfolio.

SOLD FOR $12,750,000 | JULY 2015 Contact: Eric Robison


COLORTREERichmond, VA


100% STNL

Class A industrial building in a strategically located park with 12+ year net lease to strong regional tenant with annual rent escalations.

SOLD FOR $11,000,000 | MARCH 2016 Contact: Eric Robison

VILLA PARK IRichmond, VA


100% Leased | Four tenants

Office/flex property in one of Richmond’s most successful business parks

SOLD FOR $8,144,000 | MARCH 2016 Contact: Eric Robison

WINDSOR BUSINESS PARKRichmond, VA

337,030 SF | Six (6) buildings


Six-building business park with two developable parcels and one pad site ready for immediate development. Credit tenant rent roll with over four years of weighted average existing lease term.



THE POYTHRESS BUILDINGRichmond, VA

31 Units | One and two bedroom units

673 Avg. SF | $800 average in-place monthly rent | 97% occupied

Historic rehab opportunity located in Richmond’s Shockoe Bottom - Attractive assumable financing in-place.

SOLD FOR $3,750,000 | NOVEMBER 2015Contact:

Catharine Spangler

WEBSTER COURT APARTMENTSPetersburg, VA

88 Units | Two bed/one bath

872 Avg. SF | $602 average in-place monthly rent | 90% occupied

Class B multifamily opportunity with upside. The asset benefits from highly effective recent lease-up efforts by new management

ON MARKETContact:

Catharine Spangler

HUGUENOT APARTMENTSRichmond, VA

296 Units

95% Leased

Garden-style apartment community built in 1976 with just 7.5% vacancy since 2010.

SOLD FOR $27,350,000 | MAY 2015 Contact: Catharine Spangler


SALEM FIELDS SHOPPING CENTERFredericksburg, VA

44,900 SF

97% Leased

Food Lion anchored shopping center built in 1999, located at entrance to large master-planned residential community.

SOLD FOR $4,575,000 | AUGUST 2016 Contact: Eric Robison

TANGLEWOOD MALLRoanoke, VA

797,624 SF

88% Leased

JCPenney, Belk anchored shopping mall built in 1973. Additional tenants include TJ Maxx, Steinmart, Staples, Carmike Cinemas, Kroger, and Barnes & Noble. Premier retail location and development opportunity.


NEWMARKET SOUTH SHOPPING CENTERHampton Roads, VA

336,904 SF


Food Lion anchored center with over five years of term and a less than 2% health ratio. Strategic location with significant development potential onsite. Additional tenants include Haynes Furniture Inc., SunTrust Bank and USPS.


CHARLOTTESVILLE RETAIL STRIP CENTERCharlottesville, VA

9,105 SF | Multi-tenant strip

50.6% Occupied

Value-add, unanchored retail strip located at one of Charlottesville’s most highly traveled intersections. Tenants include TitleMax and GameStop

SOLD FOR $1,575,000 | JUNE 2015 Contact: Catharine Spangler

POPLAR FOREST PLAZALynchburg, VA


94.2% Leased

Food Lion anchored strip center with strong store sales and upside opportunity through the lease-up of existing vacancy. In-place debt can be assumed.

ON MARKET Contact: Catharine Spangler


THE SHOPPES AT TWIN OAKSRichmond, VA


94% Leased

Unanchored retail center. Occupied to diverse tenant roster in Richmond’s most successful retail market.

SOLD FOR $7,600,000 | FEBRUARY 2016Contact:

Catharine Spangler

MIDLOTHIAN CROSSINGRichmond, VA

84,000 SF

97% Leased | Big Lots anchored

Shopping center with long-term leases and unmatched access along Midlothian Turnpike, one of Richmond’s strongest retail corridors.

SOLD FOR $4,950,000 | APRIL 2016 Contact: Eric Robison

CENTRE AT CULPEPERCulpeper, VA

72,878 SF

79.3% Leased

Aldi anchored center with 11+ years of remaining term located in extremely tight submarket in suburban Washington, D.C.

SOLD FOR $12,500,000 | JUNE 2016 Contact: Eric Robison

COROLLA LIGHT TOWN CENTERCorolla, NC

57,153 SF | 21 Commercial Spaces, 26 Apartment Units

84% Leased | Multi-tenant

A unique value-add, mixed-use property, leased to diverse commercial tenant base with a historically strong residential component. The asset is comprised of ten buildings in the heavily traveled, coastal Outer Banks of North Carolina..


SOUTHPARK SHOPPING CENTERColonial Heights, VA

71,509 SF

100% Leased

Regional center shadow anchored by Southpark Mall. Opportunity for additional income through approved pad site development. Tenant’s include Books-A-Million, Chipotle, and Ashley Home Furniture.



SOUTHWEST PLAZARoanoke, VA

79,384 SF | 94% Leased

Anchor Tenants: Food Lion

Grocery-anchored center with top of market demographics.

SOLD FOR $8,015,940 | JULY 2015 Contact: Eric Robison

WILLIAMSBURG CROSSINGWilliamsburg, VA

149,872 SF

69% Leased | Food Lion anchored

50,000 square foot Food Lion anchored center with solid sales and three years of remaining term.

SOLD FOR $4,625,000 | AUGUST 2015 Contact: Eric Robison

WESTPARK SHOPPING CENTERRichmond, VA

176,935 SF | 100% Leased

Anchor Tenants: Martin’s, Christmas Tree Shop

Strong performing grocery-anchored center in region’s most successful retail trade.

SOLD FOR $33,390,000 | MAY 2015 Contact: Eric Robison

BRANDERS CREEK CORNERRichmond, VA

26,366 SF

100% Leased

Newly constructed strip center leased to a variety of retail and medical tenants. 21% of the center is occupied by HCA.

SOLD FOR $6,210,000 | FEBRUARY 2016Contact:

Catharine Spangler


DOLLAR GENERALGrandy, NC

8,125 SF | One (1) Building

100% Leased | Single-tenant | Leased to Dollar General

Free-standing NNN leased Dollar General located on RT 158, the main artery and heavilty traveled route in the Outer Banks region. Over six (6) years of firm term in place as of March 2016.

ON MARKET Contact: Mike Early

WAWAHampton, VA

1.56 Acres | Single-tenant

100% Leased | Absolute net ground lease

Brand new 20-year ground lease at the signalized intersection of Mercury Blvd. and Pembroke Ave. Rent is scheduled to commence September, 2016.

ON MARKET Contact: Catharine Spangler

AAA CAR CARERichmond, VA

±1.09 Acres | Single-tenant

100% Leased | Absolute net ground lease

Brand new 10-year ground lease on a grocery anchored outparcel (77,000 VPD).


CAR POOL CAR WASHRichmond, VA

6,432 SF | Single-tenant

100% Leased | Absolute net lease

Brand new 20-year sale/lease back along Richmond’s primary commercial corrdior. A Verizon cell tower provides additional rental income throughout the term of the lease.

SOLD FOR $3,600,000 | MAY 2016 Contact: Catharine Spangler

BOJANGLES’Hendersonville, NC



Rare, brand new 20-year lease on relocation of existing location with a successful operating history.

SOLD FOR $2,249,000 | NOVEMBER 2015Contact:

Catharine Spangler


WAWARichmond, VA

3,808 SF | One (1) tenant

100% Leased | Ground lease

Ground leased Wawa with 18 years left on initial 20-year lease term.

SOLD FOR $3,760,000 | AUGUST 2015Contact:

Catharine Spangler

MATTRESS FIRMHampton, VA


100% Leased | Double net lease

9 years of remaining lease term. Shares a hard corner with CVS.

SOLD FOR $2,362,000 | SEPTEMBER 2015Contact:

Catharine Spangler

BOJANGLES’Waynesville, NC



Brand new 15-year lease with Bojangles’ second largest franchisee. Build-to-suit construction.

SOLD FOR $2,200,000 | MARCH 2015Contact:

Catharine Spangler

BOJANGLES’Sylva, NC



Location has a successful 10-year operating history and has just entered into a brand new 20-year lease.

SOLD FOR $2,123,000 | JULY 2015Contact:

Catharine Spangler

cushman & wakefield | thalhimer capital markets …

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