Richmond, VA · Updated weekly
Richmond deal & development tracker
50 entries
October 2026
LeaseIndustrialHanover
Datamatx leases 24,755 SF at 10430 Lakeridge Pkwy
10430 Lakeridge Pkwy
BizSense's top lease of the week, in a Hanover industrial park; terms not disclosed.
Richmond BizSense — The Pipeline: Commercial real estate roundup for 10.2.26LeaseRetailHenrico
Burlington leases 23,525 SF at Parham One
8151 Brook Rd (Brook & E. Parham rds)
Part of the former Big Lots space; BizSense's March report said the store is planned to open in fall 2026 and 13,000 SF remains marketed as junior-anchor space.
Richmond BizSense — The Pipeline: Commercial real estate roundup for 10.2.26DevelopmentMultifamilyRichmond
Historic Housing wins RFP for city-owned Shockoe Bottom lot
212 N. 18th St, Shockoe Bottom
Proposed 190-unit, eight-story apartment project (Seabrook) on a 1-acre former parking lot, estimated $40M–$45M and privately financed; the ordinance has yet to go to council and construction could start in August 2027.
Richmond BizSense — Local developer Historic Housing wins RFP to build $40M apartment project on city-owned lot in Shockoe Bottom
September 2026
SaleLandChesterfield
Bon Secours St. Francis buys 20 acres near Chippenham Crossing
5201 Chippenham Crossing Center / 4930 Ridgedale Pkwy
The health system paid $8.85 million for the 20-acre site; plans were not disclosed.
Richmond BizSense — The Pipeline: Commercial real estate roundup for 9.18.26SaleOfficeHenrico
Highwoods sells six Innsbrook office buildings to Seminole Trail
Innsbrook, Glen Allen
486,916 SF across six buildings for $53M (about $109/SF), per C&W | Thalhimer; Highwoods’ release put the portfolio at 472,000 SF. Brings the buyer to more than 1.3M SF in 17 office buildings.
Cushman & Wakefield | Thalhimer, Office MarketBeat Q3 2026DevelopmentInfrastructureChesterfield
Powhite Parkway Extension construction set to start this winter
Western Chesterfield
$565M, about 9 miles from near Route 288 to Hull Street Road; full road targeted for 2034.
Richmond BizSense — Construction on $565M Powhite Parkway extension project to start this winterLeaseIndustrialChesterfield
Dominion Energy Virginia leases 375,000 SF on Old Stage Rd
11200 & 11300 Old Stage Rd
New lease; the largest industrial lease C&W lists for Q3.
Cushman & Wakefield | Thalhimer, Industrial MarketBeat Q3 2026LeaseIndustrialRegional
Redhawk Global leases 347,760 SF at TriPoint Distribution Center
5601 Chudoba Pkwy, Prince George
New lease.
Cushman & Wakefield | Thalhimer, Industrial MarketBeat Q3 2026LeaseIndustrialHenrico
Dominion Packaging leases 187,500 SF at Airport Logistics Center
2724 Seven Hills Blvd, Airport area
New lease.
Cushman & Wakefield | Thalhimer, Industrial MarketBeat Q3 2026SaleOfficeRichmond
Turning Basin Building sells downtown
111 Virginia St, CBD
88,905 SF for $8.5M (about $95/SF); Jewell Capital sold to SNP Properties.
Cushman & Wakefield | Thalhimer, Office MarketBeat Q3 2026LeaseOfficeRichmond
VCU Health System Authority renews 33,020 SF at Jackson Center
501 N 2nd St, North Broad
Renewal; the largest office lease C&W lists for Q3.
Cushman & Wakefield | Thalhimer, Office MarketBeat Q3 2026SaleRetailChesterfield
Ross Realty Investors buys Chesterfield Towne Center Plaza
Chesterfield Towne Center
63,000 SF Ross-anchored strip for $11.5M (about $183/SF), less than a year after JRE Partners acquired it as part of its $80M purchase of the adjoining mall.
Cushman & Wakefield | Thalhimer, Retail MarketBeat Q3 2026LeaseRetailHenrico
Nordstrom Rack leases 29,962 SF at Westpark Shopping Center
9809-9819 W Broad St
New lease in the former Painted Tree Boutiques anchor space; opening planned for fall 2027, bringing Nordstrom back to Richmond.
Cushman & Wakefield | Thalhimer, Retail MarketBeat Q3 2026DevelopmentMultifamilyChesterfield
Attain at Swift Creek breaks ground
Adjacent to Kroger at Iron Bridge Marketplace
344 units, $93.3M, by Bonaventure; completion targeted Q1 2028.
Cushman & Wakefield | Thalhimer, Multifamily MarketBeat Q3 2026DevelopmentMultifamilyChesterfield
Vida on the Lake starts construction near Brandermill
The Lake, Brandermill
258 units, $72M, by The Breeden Co.; the first residential portion of The Lake.
Cushman & Wakefield | Thalhimer, Multifamily MarketBeat Q3 2026
August 2026
Zoning & policyMixed-useRichmond
Richmond releases third draft of Code Refresh zoning rewrite
Citywide
Draft #3 of the first full zoning rewrite since 1976; not yet adopted, council vote not scheduled.
Richmond BizSense — Richmond rolls out third draft of Code Refresh zoning rewriteSaleLandHanover
Kroger assembles land at Route 1 and Kings Acres Road
Route 1 (Washington Hwy) at Kings Acres Rd
Six parcels totaling about 23 acres, bought from separate owners for roughly $4.4 million combined.
Richmond BizSense — The Pipeline: Commercial real estate transactions for 8.14.26
July 2026
DevelopmentMultifamilyRichmond
Diamond District breaks ground on Dōma apartments
The Diamond, beside CarMax Park
276 units with about 4,000 SF of street-level commercial space; targets early 2028.
Richmond BizSense — Diamond District developer breaks ground on apartments beside CarMax ParkZoning & policyMixed-useHenrico
Henrico adopts HenricoNEXT 2045 comprehensive plan
Countywide
Replaces the plan adopted in 2009.
Henrico County — Board adopts HenricoNEXT planSaleOfficeHenrico
West End office building sells to a healthcare user
2402 N. Parham Rd
12,000 SF office built in 2004, sold for $3.1 million (about $258/SF) to New Core Healthcare.
Richmond BizSense — The Pipeline: Commercial real estate roundup for 7.24.26SaleLandHenrico
Spy Rock buys Innsbrook infill site
4650 Cox Rd, Innsbrook
About 10 acres for $8M; plan calls for 270 apartments and 61 townhomes.
Richmond BizSense — $8M land deal tees up Spy Rock’s first residential infill project in InnsbrookSaleMultifamilyChesterfield
2554 Noel St apartments sell
2554 Noel St
105 units for $7.4M (about $70,500/unit).
Richmond BizSense — The Pipeline: Commercial real estate roundup for 7.10.26
June 2026
SaleMultifamilyChesterfield
Colony at Centerpointe sells
14400 Palladium Dr, Midlothian
255 units (built 2016) for $74.6M, about $293K/unit; assessed at $63M.
Richmond BizSense — Days after $115M sale in Goochland, Capital Square makes $75M buy in ChesterfieldZoning & policyMixed-useChesterfield
Supervisors approve Taylor Ridge and Sawmill Station rezonings
Hull Street Rd, western Chesterfield
Taylor Ridge: 677 units (about 270 apartments). Sawmill Station: 860 mixed units.
Richmond BizSense — Supervisors OK rezonings for two projects that would add 1,500 homes in western ChesterfieldSaleMultifamilyRegional
2000 West Creek Apartments sell for $115M
2000 West Creek, Goochland
373 units (about $308K/unit); Capital Square sold to Weinstein Properties.
Cushman & Wakefield | Thalhimer, Multifamily MarketBeat Q3 2026LeaseIndustrialHenrico
ID Logistics leases 582,424 SF at I-895 Logistics Center
7011 S. Laburnum Ave, Airport area
New lease.
Cushman & Wakefield | Thalhimer, Industrial MarketBeat Q2 2026LeaseIndustrialRegional
Jabil subleases 291,689 SF at CrossPointe Logistics Center
8800 Wells Station Rd, Prince George
Sublease.
Cushman & Wakefield | Thalhimer, Industrial MarketBeat Q2 2026SaleIndustrialChesterfield
Ashton Creek Distribution Center sells
1611 Ashton Park Dr
173,800 SF for $40.1M ($231/SF) to Manulife.
Cushman & Wakefield | Thalhimer, Industrial MarketBeat Q2 2026SaleIndustrialChesterfield
Ashton Park Logistics portfolio sells
I-95 S / I-295 S / Route 10
Two buildings, 523,407 SF, for $78.2M ($149/SF) to Equus Capital Partners.
Cushman & Wakefield | Thalhimer, Industrial MarketBeat Q2 2026LeaseOfficeHenrico
McKesson renews 119,779 SF in Innsbrook
9954 Mayland Dr
Renewal at Marwaha Business Plaza.
Cushman & Wakefield | Thalhimer, Office MarketBeat Q2 2026LeaseOfficeHenrico
Davenport & Company leases 117,860 SF in the West End
2035 Maywill St, Kinsale Center
New lease; headquarters move from downtown Richmond, slated for the second half of 2027.
Cushman & Wakefield | Thalhimer, Office MarketBeat Q2 2026LeaseRetailHenrico
La Herradura leases 18,419 SF at Merchants Walk
Broad St Corridor
New lease.
Cushman & Wakefield | Thalhimer, Retail MarketBeat Q2 2026SaleMultifamilyRichmond
The Edison Apartments sell
Capitol District
174 units for $28M (about $161K/unit).
Cushman & Wakefield | Thalhimer, Multifamily MarketBeat Q2 2026SaleMultifamilyRichmond
Soda Flats sells
Scott’s Addition
89 units for $17M (about $191K/unit).
Cushman & Wakefield | Thalhimer, Multifamily MarketBeat Q2 2026
May 2026
DevelopmentMixed-useRichmond
Diamond District sets first phase
The Diamond
Phase 1 includes the 276-unit Dōma, a six-story office building, a 20,000 SF retail building, and a 180-room hotel.
Richmond BizSense — Diamond District developer to break ground on first building beside CarMax ParkSaleRetailHenrico
Three West End shopping centers sell for $53.3M combined
W. Broad St and Staples Mill Rd
Staples Mill Square (~96,000 SF, $22.5M), West Broad Commons (110,000 SF, $18.8M), Tuckernuck Commons (~94,200 SF, $12M).
Richmond BizSense — Three West End shopping centers bagged for combined $53M
April 2026
SaleIndustrialRegional
Lingerfelt venture sells $175M industrial portfolio
Northlake (Hanover) and Walthall (Chesterfield)
Four buildings, 1,161,788 SF, to LBA Logistics (about $150/SF).
Richmond BizSense — Lingerfelt joint venture sells four-building industrial portfolio for $175MDevelopmentMultifamilyChesterfield
The Silas at West Hundred starts construction
I-95 / West Hundred Rd, Chester
390 units in 11 buildings, a $100M project; first units late 2027.
Richmond BizSense — Developers Lingerfelt, Middleburg to begin nearly 400-unit apartment project in ChesterSaleLandHenrico
Developer buys Broad Street lot for Scottwood apartments
4400 W. Broad St
5.75 acres for $11.5M; 299 units planned.
Richmond BizSense — NoVa-based developer buys 6-acre Broad Street lot for $11M, plans Scottwood project
March 2026
DevelopmentMixed-useChesterfield
State approves competing Chesterfield hospital projects
Chesterfield
VCU Health, HCA, and Bon Secours projects totaling $672M receive state approval.
Richmond BizSense — Chesterfield to get $672M worth of hospital projects from VCU, HCA, Bon Secours after state approvalSaleMultifamilyHenrico
Innsbrook Square sells
Innsbrook
305 units (built 2023) for $81.7M, about $268K/unit.
Richmond BizSense — Innsbrook apartment market stays hot with sale of Innsbrook Square for nearly $82MDevelopmentRetailChesterfield
Whole Foods-anchored Midlothian Depot nears completion
Midlothian Tpk at Alverser Dr
About 87,500 SF of commercial space with a 36,000 SF Whole Foods, plus 60 townhomes.
Richmond BizSense — Project snapshot: Whole Foods-anchored Midlothian Depot nears completion
February 2026
SaleIndustrialChesterfield
Two Chesterfield industrial properties sell for $22M
Station Rd and Wadsworth Dr, Bensley
About 222,000 SF combined (about $99/SF).
Richmond BizSense — Two buyers join forces to buy two industrial properties in Chesterfield for $22MSaleMultifamilyHenrico
Innslake Place sells
Innsbrook
221 units for $51.2M, about $232K/unit.
Richmond BizSense — N.C. investor returns to Richmond with $51M Innsbrook apartment dealSaleOfficeRichmond
Highwoods sells its last Stony Point-area office buildings
Stony Point area
Reported sale price of $42M.
Richmond BizSense — Highwoods sells last of its Stony Point-area office buildings for $42M
January 2026
SaleMultifamilyChesterfield
Boulders Lakeview sells
Chesterfield
212 units (built 2023) for $51.5M, about $243K/unit.
Richmond BizSense — Dominion Realty sells Boulders Lakeview apartments for $51MSaleOfficeHenrico
Cox Road office portfolio sells
Innsbrook
Three fully leased buildings, 300,364 SF, for $44.5M to Easterly Government Properties.
Newmark, 1Q26 Richmond Office Market Overview
December 2025
SaleMultifamilyHenrico
Marshall Springs at Gayton West sells
Western Henrico
420 units (built 2015) for $119.7M, about $285K/unit.
Richmond BizSense — C’ville firm Seminole Trail adds second year-end buy in Henrico, this time at $120MSaleRetailChesterfield
Chesterfield Towne Center sells for $80M
11500 Midlothian Tpk
About 1 million SF on 72 acres; buyers have floated long-term redevelopment.
Richmond BizSense — Chesterfield Towne Center sells for $80M to out-of-town buyers mulling potential redevelopment
October 2025
SaleIndustrialHenrico
Eastport Industrial Park sells for $142M
Near Richmond International Airport
Eight buildings, just over 1 million SF, to Rockpoint.
Richmond BizSense — Eastport Industrial Park near RIC sells for $142M