INSIGHTS
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Retail and Industrial Vacancy Rates in the Fredericksburg Region Hit 7 Year Low
May 5, 2015
For the first quarter of 2015 the commercial real estate market in the Fredericksburg Region continued to show signs of recovery. Retail Vacancy Rates Hit Sub 5% Overall retail vacancy in the Region declined by slightly in the first quarter of 2015, but a milestone...
Fredericksburg & Spotsylvania National Park Visitors Contribute over $64 Million in Economic Impact
Apr 24, 2015
The National Park service recently released the 2014 economic impact reports which revealed that park visitors contributed over $1.3 Billion in economic impact in the Virginia economy. The total economic output was a $200 Million increase over last year (2013). The...
Historic & Iconic Property for Sale-Sammy T’s Seeking New Ownership
Apr 14, 2015
Sammy T's has been a staple of downtown Fredericksburg and a part of the community since 1981. The Emory family has had roots in Fredericksburg since 1960 and have been the long time owners and operators of the Sammy T’s restaurant in downtown Fredericksburg. The...
Coldwell Banker Commercial Elite Brokers $5.92M Sale of Retail Shopping Center
Mar 23, 2015
Fredericksburg-VA (03-23-2015) – Joe Pfahler with Coldwell Banker Commercial Elite recently brokered the sale of a 40,654 SF PetSmart anchored shopping center for $5.92 million. The property is located within the Carter’s Crossing Development at 27 South Gateway...
Coldwell Banker Commercial Elite Brokers the Sale of $2.85MM – NNN Leased Property
Mar 10, 2015
Winston-Salem, NC (02-19-2015) - Ben Keddie and Heather Hagerman of Coldwell Banker Commercial Elite recently brokered the $2.8M sale of a 4,496 SF, Net Leased Retail building in Winston-Salem, North Carolina. Keddie and Hagerman worked with their Winston-Salem local...
ICSC Mid-Atlantic Conference Displays Optimistic Outlook for the Retail Market in 2015
Feb 26, 2015
Fredericksburg, VA (02-26-15) – As the first major commercial real estate conference of the year, the ICSC Mid-Atlantic Conference provides an initial outlook on the retail market for the New Year. The conference was held at the Gaylord National Resort in National...
Former Free Lance Star Property Sold for Mixed-Use Project
Feb 25, 2015
Fredericksburg, Virginia, February 20, 2015) – Heather Hagerman of Coldwell Banker Commercial and Coldwell Banker Elite represented Thomas Wack of the Wack Companies in the purchase of The Executive Building at 607 William Street. The property will become a mixed-use...
Steve Schattgen assists Breeze-Eastern Corp. find a Location in Fredericksburg
Feb 20, 2015
Steve Schattgen, with Coldwell Banker Commercial Elite, recently assisted Breeze-Eastern Corp., with site selection and lease negotiation for a new 6,300 SF location in Fredericksburg, Virginia. See article by the Free Lance Star for information on Breeze-Eastern's...
CBC President & COO, Fred Schmidt talks Retail in NYREJ
Feb 20, 2015
While modern technology continues to infiltrate the lives of U.S. citizens, it's only natural to wonder what impact this is having on our consumer culture. To lend a better understanding of the effect technology is having on consumer behavior, Coldwell Banker...
Sale of 5,500 sf Building shows strength of CBC Elite’s Relationships
Jan 21, 2015
Steve Schattgen and J.R. Burdette with Coldwell Banker Commercial Elite closed on the sale of a 5,500 SF Warehouse at 15 Capital Avenue, Fredericksburg, VA 22406. The Seller was represented by Steve Schattgen and the buyer was represented by J.R. Burdette. The...
Charlotte Rouse with CBC Elite helps new Dentistry Practice in Purchasing a 10,000 SF Building
Jan 16, 2015
Charlotte Rouse of Coldwell Banker Commercial Elite assisted a dentistry group with finding and purchasing a location in Stafford County, Virginia. Rouse assisted in negotiations for the buyers with the purchase of a 10,000 sf building at 10 Chatham Heights Road,...
Brian Cunningham with CBC Elite assists A Interior Systems Inc. Find and Purchase new Location
Jan 16, 2015
Brian Cunningham with Coldwell Banker Commercial Elite recently assisted a buyer, A Interior Systems Inc. find and purchase a new location in Stafford County, VA. The purchase closed on Jan. 5 2015, on 25 Delewinski Lane, Stafford, 22554 for $615,000. The 1.91 Acre...