Friendship Retirement Community Project Gets State Nod

The proposed Friendship Retirement Community nursing home in Southwest Roanoke County has received final approval from state health regulators. Waldvogel Commercial Properties represents Friendship in the purchase of the 10-acre parcel on Starkey Road.

In a written decision, Virginia Health Commissioner Cynthia Romero determined there is a public need for a 120-bed nursing home on Starkey Road. Friendship plans to move 120 beds from its 373-bed facility on Hershberger Road to the new location, placing residents closer to their homes and families in Southwest Roanoke County while allowing more room for those who remain at the existing home.

The Roanoke County Board of Supervisors already has approved a rezoning and special use permit. Construction is expected to be completed by March 2015.

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Waldvogel Commercial Properties Assists R&K Solutions in its Move to a New Location

Waldvogel Commercial Properties assisted R&K Solutions, a property management software firm, in its move to a new corporate headquarters. R&K Solutions, which has about 70 employees, is completing renovations to its new Frontage Road home. Waldvogel Commercial Properties provides leasing and property management for the Frontage Road property and represented the owner, Delta Dental of Virginia, in this transaction.

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Waldvogel Commercial Properties Brokers ABS Technology Architects’ Move to 109 Norfolk Avenue

Waldvogel Commercial Properties has brokered ABS Technology Architects’ lease of approximately 4,392 square feet at 109 Norfolk Avenue in downtown Roanoke. The space includes the second floor and patio area. The move was a short one: ABS formerly was located at 119 Norfolk Avenue. Jason Fountain, CCIM co-brokered the transaction.

The 109 Norfolk Avenue building previously served as the corporate offices for HSMM before its merger with AECOM. “ABS swapped the raw, warehouse, open-air type space of Warehouse Row for the more executive look and feel of 109 Norfolk Ave.,” said Fountain.

“This is an example of the variety of office space available in downtown Roanoke, space which allows companies to grow and change as their needs change,” said Michael Waldvogel, CCIM, SIOR.” Waldvogel has been involved in development and evolution of downtown Roanoke for more than three decades.

Wynn Sigmon Joins Waldvogel Commercial Properties

Wynn Sigmon has joined Waldvogel Commercial Properties, Inc. as administrative assistant. He is a native of Franklin County and attended Bridgewater College. Wynn previously worked as a paralegal and is an avid sports fan.

Waldvogel Commercial Properties Assists Brickhouse CrossFit in its Upcoming Move

Waldvogel Commercial Properties has brokered Brickhouse CrossFit’s move to larger space at 521 Salem Avenue, the former Merita Bakery. The exercise training facility is expanding from just over 3,000 square feet to 12,241 square feet, plus parking off Norfolk Avenue. Jason Fountain, CCIM represented CrossFit in the transaction.

The move was necessitated by CrossFit’s growing business. Fountain had helped the company find its current Salem Avenue location several years ago. When the asked him for help with new space, he contacted 501 Salem, LLC, owner of the Merita Building. The entire building is more than 50,000 square feet and features the raw, warehouse-type space that CrossFit was seeking. Waldvogel Commercial Properties is offering additional space in the building for lease on a build-to-suit basis.

The new space will be completely renovated to include new workout spaces for classes, reception, and locker rooms and potentially some outdoor workout space. Renovations should be complete by the week after Thanksgiving, with move-in scheduled for early December, according to Fountain.

Waldvogel Commercial Properties has previously worked with the people behind 501 Salem, LLC on this summer’s purchase of the Crystal Tower Building and is the leasing agent for their mixed use project, 401 Campbell Lofts, which features both apartments and commercial spaces.

“As the demand for downtown housing increases, so does the demand for nearby amenities,” said Michael Waldvogel, CCIM, SIOR. “We’re pleased to be a part of the ongoing transformation of the western end of Downtown Roanoke.” Waldvogel has been involved in downtown development for more than three decades.

In addition to the Crystal Tower and 401 Campbell Lofts, Waldvogel Commercial Properties leases and manages Lofts on Church, modern apartments at 17 Church Avenue, and manages the homeowner’s associations at Fulton Motor Lofts, Campbell Garage Lofts and The Candy Factory, all condominium properties within a block of 401 Campbell Lofts. The firm represented the developer of Campbell Garage Lofts and The Candy Factory in the initial sales of all 30 condominiums at those properties, and is marketing the condominiums (both residential and commercial) in the former Giles Brothers Furniture Company building at 108 Campbell Avenue.