SVN/Motleys coordinating accelerated sale of five Richmond, Va., properties in growing area
Facebook to build giant facility in nearby technology park
Richmond, Virginia (November 12, 2018)— SVN/Motleys is coordinating the accelerated sale of five properties in Richmond, Va., near the site of a future Facebook facility and a massive housing development. The online auction, which includes four single-family homes and 5.4 acres of commercial-zoned land, is scheduled for 3 p.m. to 4 p.m. on Dec. 6.
The parcels total more than 20 acres and are assessed at nearly $1.6 million. They are all east of downtown Richmond near Richmond International Airport with immediate access to I-64 and the I-295 Interchange.
“There’s a lot of economic development planned in that area, making these offerings highly attractive,” said Richard Bryan, advisor and director of real estate operations for SVN/Motleys. “New housing is underway in that part of Richmond, along with major commercial technology – including a Facebook facility. This is the right time to acquire property in that location.”
Facebook’s plans include a $1 billion data storage center in the nearby White Oak Technology Park – a facility just under 1 million square feet. After its completion in 2019, the center is expected to create about 100 new jobs in the community. In September, Facebook also announced plans to add three more buildings to the complex, part of a $1.75 billion investment.
Several other large developments are planned for the area. The site of the proposed Drybridge Commons is directly across the street from the available parcels. Plans for that 80-acre development include construction of 43 single-family homes and 230 townhomes.
The accelerated sale will feature seven offerings, including opportunities to buy multiple properties. Bid registration and additional information on these properties is available here.
SVN/Motleys is a founding member of SVN Accelerated Services.
About SVN Auction Services
SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional auction advisors throughout the United States SVN Accelerated Sales is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional accelerated marketing advisors throughout the United States who specialize in accelerated marketing services for commercial real estate assets. SVN Accelerated Sales offers the industry’s most comprehensive spectrum of auction solutions — from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Accelerated Sales is supported by SVN International, which features 200 locations serving more than 500 markets. This relationship provides outstanding opportunities for SVN Accelerated Sales to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers.
Richard Bryan, Advisor and Director of Real Estate Operations, SVN/Motleys, 804-655-2412 / [email protected]
Tim Dudley, CAI, AARE, Senior Advisor, SVN/Motleys, 804-822-3131 / [email protected]
Ken Zeszutko, Z Corp. PR, 321-213-1818 / [email protected]