Cheryle Toy joined Divaris in early 2014. She has more than two decades of commercial real estate development, transaction and project management experience. She is involved in multiple sectors of the industry including retail brokerage representing both tenants and landlords and in the office and industrial markets.

Cheryle, and her partner Read Goode, are the only commercial brokers/fee developers in their market with extensive experience in both fields as Principals. This partnership and skill set allows their practice to cover a broad range of services from leasing and sales brokerage through land development and redevelopment of properties. They work for many closely held families and businesses throughout the region to position their real estate assets to maximize value while minimizing the risks inherent with development.

In April 2018, Read and Cheryle’s redevelopment of the Handcraft Building in the Scotts Addition area of Richmond won the GRACRE award for “Best Project of the Year” for 2017.

Prior to joining Divaris, Cheryle was President of Clocktower Advisory Services, where she performed construction, project and property services for owners and developers in the Richmond area. Cheryle also worked for CCA industries/Riverstone Properties for over 20 years as a Paralegal and Real Estate Manager. She worked directly with the principals on transactions worldwide.

Cheryle holds an A.S. Degree in Legal Assisting as well as a Bachelor of Science in Real Estate and Urban Land Development from Virginia Commonwealth University. She is also a Virginia licensed Erosion & Sediment Control Inspector.

Properties she has represented include:
Handcraft Building – 90,000 sf; Oxbridge Square Shopping Center – 128,000 sf; Ram Tools Bldg – 12,000 sf; Mountain View Square Shopping Center for Sears Holdings – 123,000 sf; Village Commons Shopping Center – 22,750 sf

Some of the projects she has worked on as Construction/Site Manager:

  • Reynolds Crossing – 80 acres
  • Bass Pro Shops – 18 acres
  • Richmond Paperboard Corp – redeveloped 400 Decatur Street from warehouse to corporate office
  • Midlothian Village – 8 acres
  • Gaskins Place – 13 acres
  • Jefferson Green – 3 acres
  • Woodlake Place – 1.5 acres
  • Mayland Medical Center – 3.4 acres
  • West Creek Business Park – Managed park and was involved with design and construction of Rt. 288 through Goochland County
  • Riverstone Properties – Managed properties in multiple states

Road construction projects include building numerous primary and secondary roads throughout central Virginia.

Memberships and Associations

  • International Council of Shopping Centers
  • Greater Richmond Association for Commercial Real Estate
  • Virginia Commonwealth University Real Estate Foundation
  • Board Member (1999-2016) Chairman 2006-2009)