Public records for the week of Jan. 29

Breeden Construction, as general contractor, completed the High Street multifamily project in Williamsburg for Commonwealth Properties LLC. The project features 32 apartment homes and six townhomes. The $8.6 million project, the third phase of construction for the community, began in December 2022. The development includes four stories of wood-framed apartments above a parking garage level. The building’s facade showcases a blend of brick, cement masonry unit and Hardie board siding. (Courtesy of Breeden)

By Inside Business | inside.business@insidebiz.com | The Hampton Roads Business Journal

PUBLISHED: January 29, 2024 at 8:32 a.m. | UPDATED: January 29, 2024 at 8:32 a.m.

Raleigh, North Carolina-based Fulton Peak Capital bought Woodmere Trace Apartment Homes, a 300-unit, garden-style multifamily property at 6741 East Tanners in Norfolk from Enterprise Community Development, a nonprofit owner and developer of affordable homes, for $38.5 million, Berkadia announced. Built in 1974, Woodmere Trace was renovated in 2014. Amenities include a swimming pool, laundry facility, fitness center, picnic pavilion with grilling stations, playground and a dog park. Senior Managing Director Drew White of the Washington, D.C., area, Senior Director Carter Wood of Berkadia Norfolk and Director Cole Carns of Berkadia Richmond represented the seller. The transaction closed Dec. 20. (Courtesy of Berkadia)

SALES

Commonwealth Commercial

Lakeshore Property II LLC purchased 4,057 square feet at 516 Innovation Drive in Chesapeake from Alpha X LLC for $900,000. Gresh Wall and Noah Reyes represented the seller.

Two Rivers Acquisitions LLC purchased 4.98 acres of land, including a 22-unit motel, at 929 Capitol Landing Road in Williamsburg from 929 Rochambeau LP for $467,000 for a re-development project to convert the property into a boutique-style motel, Cushman & Wakefield | Thalhimer announced. David Butchello represented the seller. (Courtesy rendering)

LEASES

Commonwealth Commercial

Joseph McDuffie leased 982 square feet at 5101 Cleveland St. in Virginia Beach. Gresh Wall and Noah Reyes represented the landlord.

City of Virginia Beach leased 3,854 square feet at 2101 Parks Ave. in Virginia Beach. Gresh Wall represented the landlord.

Lee Homes LLC leased 2,640 square feet at 230 Clearfield Ave. in Virginia Beach. Gresh Wall represented the landlord.

Cardinal Health 414 LLC leased 3,650 square feet at 230 Clearfield Ave. in Virginia Beach. Gresh Wall represented the landlord.

Reginal Sonia and Melvin Oliver, doing business as Final Touch Beauty Salon, leased 998 square feet at 3834 Kecoughtan Road in Hampton. Noah Reyes, Gresh Wall and Michael Good represented the landlord.

Resurgent Realty Inc. leased 1,458 square feet at 2101 Parks Ave. in Virginia Beach. Gresh Wall represented the landlord.

S.L. Nusbaum Realty Co. announced the sale of Forest Pine Apartments at 101 Forest Pine Road in Franklin to FPA LLC FP Associates and Adjacent Properties for $18 million. The 244-unit community is comprised of traditional and garden style one-, two- and three-bedroom floor plans and feature amenities including on-site maintenance, laundry facilities, a community swimming pool and playground area. John Wessling, Chris Devine, Anthony Grecco and Bill Overman represented the seller, Forest Pine Apts LLC, in this off-market transaction finalized on Dec. 28. (Courtesy photo)

LEASE RENEWALS

Harvey Lindsay Commercial Real Estate

Dow Construction Inc. renewed its lease of 5,000 square feet of industrial space at 901 Port Centre Parkway in Portsmouth. Bobby Beasley III and Kimberly Worley handled this transaction.

S.L. Nusbaum Realty Co.

GameStop extended its lease on 2,160 square feet of retail space at Hilltop North Shopping Center in Virginia Beach. Richard Jacobson represented the landlord.

Sam English II, DDS has extended its lease on 2,000 square feet of retail space at Monticello Marketplace Shopping Center in Williamsburg. Tyler Jacobson represented the landlord.

Discount Cleaners extended its lease on 1,000 square feet of retail space at Monticello Marketplace Shopping Center in Williamsburg. Tyler Jacobson represented the landlord.

Lynnhaven Shoe Repair extended its lease on 900 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach. Tyler Jacobson represented the landlord.

Gregory Realty extended its lease on 400 square feet of retail space at Ocean View Shopping Center in Norfolk. Tyler Jacobson represented the landlord.

Umbrella Corporation Weapons Research Group extended its lease on 225 square feet of flex space at Birdneck Business Center in Virginia Beach. Pierce Jacobson and Ben Leon represented the landlord.