RICHMOND MARKET AT A GLANCE

Top new retailers that entered the market in 2006:
Ross Dress for Less, 30,000 s.f. Shops at Willow Lawn
Fresh Market, Ridge Shopping Center
West Elm, Short Pump Town Center
Original Mattress Factory, 34,000 s.f., Midlothian Turnpike

Top new restaurants that entered the market in 2006:
Blue Pointe Fish Club, Short Pump Town Center
Texas de Brazil, Regency Square Mall
California Tortilla, Shops at Westgate
Beef O’Brady’s, Harbor Point Shopping Center

Top corporate entries/expansions in the market in 2006:
Mead Westvaco headquarters, Innsbrook area, 250,000 s.f.
Land America headquarters, relocation
Hirschler Fleischer relocated to the new Edgeworth Building, 68,000 s.f.

Top industrial entries/expansions in the market in 2006:
Lease: Red Cross leased 220,000 s.f. at Fairgrounds Distribution Center
Sale: Former Viasystems Building and land (137 acres) sold for $7,055,000 to Forest City for adaptive reuse to retail

Notable new office/retail/industrial projects in the market in 2006:
Edgeworth Building – 160,000 s.f. historical rehab office building
Mead Westvaco chose Richmond as new corporate headquarters
Land America, Phillip Morris and Mead Westvaco relocate from southwest quadrant leaving large vacancies.

Big development buzz in the market in 2006:
White Oak – Forest City, 900,000 s.f. East Richmond at Laburnum Ave and I-64
Westchester Commons – Zaremba, 1 million s.f. at Route 288 and Hull Street
Hancock Village – EDCO, LLC, 500,000 s.f., Hull Street and Winterpuck Road
Towne Center West – The Breeden Companies, new urbanism, 450,000 s.f., hotel, residential and retail, Short Pump.

Biggest building sale in the market in 2006:
Riverfront Plaza, central business district, 950,000 s.f., price: $277,500,000

Retailers who have left the market in 2006:
Storehouse Furniture, two stores: Carytown and Stony Point Fashion
Tower Records – Willow Lawn
Adrienne Vittadini – Stony Point Fashion
Uncle Julio Rio Grande – Stony Point Fashion