Cushman & Wakefield | Thalhimer reports on first quarter
Cushman & Wakefield | Thalhimer reports that the firm’s eight Virginia and South Carolina offices completed 354 lease transactions totaling more than 2.8 million square feet with a transactional value of $209.3 million during the first quarter of 2016.
Industrial building transactions of more than 1.1 million square feet accounted for the largest amount of space leased. Office and retail leases were over 670,000 square feet and 648,000 square feet respectively.
In addition, Thalhimer, which has its headquarters in the Richmond region, reported 70 sale transactions in the first quarter totaling more than $170.8 million in sales volume. The sales included industrial, office and retail buildings, as well as land transactions. Overall, year-to-date volume exceeds $380 million, compared to the same time in 2015.