M A R K E T    R E P O R T
 
HAMPTON ROADS MARKET AT A GLANCE 

Top new retailers in the market in 2006:
Let’s Dish
Wireless Zone
Blue Taxi Clothing Company – The Town Center of Virginia Beach
S.T.A.C. – The Town Center of Virginia Beach
EQ 3 – MacArthur Center
Apple computer store– MacArthur Center

Top new restaurants in the market in 2006:
Gordon Biersch – The Town Center of Virginia Beach
Panchero’s Mexican Grill
Up the Creek Fish Camp and Grill
Qdoba Mexican Grill – Hilltop area of Virginia Beach and Military Highway, Norfolk

Top corporate entries/expansions in 2006:
General Dynamics Communications Systems – Independence Tech Center 1, Virginia Beach 60,000 s.f.

American Funds – Liberty Two, Chesapeake, 52,020 s.f.
Amerigroup Corp – Rosemont Interstate Center II, Virginia Beach, 51,290 s.f.

Top industrial entries/expansions in 2006:
Massimo Zanetti Beverages-USA, Inc. – 200 Port Centre Pkwy, Portsmouth, 228,564 s.f.
Harris Connect, Inc. – Crossways II, Chesapeake, 64,486 s.f.
Cornerstone Systems, Inc. – 3524 Business Center Dr., Chesapeake, 50,400 s.f.

Notable new office/retail/industrial projects in 2006:
Landstown Commons – mixed-use, Virginia Beach, 500,000 s.f.
The Marquis –mixed-use power town, Williamsburg, 1 million s.f.
Harbour View East – retail power center, Suffolk, 300,000+ s.f.
Liberty III – LEED certified office building, Chesapeake, 75,000 s.f.
Gallerie I & II – office buildings, Virginia Beach, 60,000 s.f.
Towne Place at Greenbrier – Chesapeake
Peninsula Town Center – Hampton
Two Columbus Center – The Town Center of Virginia Beach, 86,000 s.f.

Big development buzz:
Brenneman Farm –Harris-Teeter anchored shopping center in Princess Anne Corridor of Virginia Beach, 204,166 s.f. on 27.6 acres

Biggest land sale in the market in 2006:
The Marquis at Williamsburg, 238 acres

Biggest building sale in the market in 2006:
Hampton Roads Research Quad -- $28.5 million, 257,671 square feet

Retailers that left the market in 2006:
Storehouse Furniture
Enzo
April Cornell

Comment worthy of attention:

All the available office product at The Town Center of Virginia Beach, in four buildings totaling 550,000 square feet is 100 percent leased. Plans are underway for Two Columbus Center, 86,000 square feet with retail on the first floor and four stories of office space. Delivery is scheduled for spring of 2008.