Waldvogel Commercial Properties Announces 27,750 SF Office Lease on Frontage Road

frontage road buildingWaldvogel Commercial Properties, Inc. announces the lease of 27,740 square feet of office space to ADMMicro, Inc. in the building located at 2797 Frontage Road, Roanoke, VA.

2797 Frontage Road is an impressive 146,852 square foot office and manufacturing facility built in 2000 and located adjacent to Interstate 581 in the City of Roanoke. Additional space in the building is currently offered for lease through Waldvogel Commercial Properties, exclusive leasing and management agent for the property. Waldvogel will continue to offer facility management services for this property.

Delta Dental of Virginia acquired this property in March 2007 in a transaction brokered by Waldvogel Commercial Properties.

ADMMicro is a unique organization of energy experts, including highly experienced electric utility managers, electrical engineers, facilities engineers, software and database programmers and data network specialists. They have taken the energy monitoring and control capabilities available to the large-box operators and engineered a small and powerful line of controllers which provides total energy management – at a price point that delivers positive ROI in less than two years – for facilities as small as 1,500-square feet.

Waldvogel Earns CMCA Certification

Michael WaldvogelMichael M. Waldvogel, CCIM, SIOR, of Waldvogel Commercial Properties, has been named a Certified Manager of Community Associations (CMCA) by the National Board of Certification for Community Association Managers (NBC-CAM). Mr. Waldvogel joins more than 8,000 CMCA certificants nationwide who have demonstrated the professional knowledge that is so important for managing condominium and homeowner associations and cooperatives.

Michael Waldvogel has 29 years of experience in the real estate industry. In addition to the CMCA, Michael also holds both the Certified Commercial Investment Member (CCIM) and the Society of Industrial and Office Realtor (SIOR) designations. Both designations are a respected symbol of knowledge, production, and ethics in the real estate industry.

To obtain and maintain the CMCA credential, a manager must complete comprehensive course work, pass a National Certification Examination, adhere to the CMCA Standards of Professional Conduct, and take continuing education courses to recertify.

NBC-CAM is the first and only nationwide organization created solely to certify community association managers and to help consumers identify managers who have demonstrated fundamental competency and knowledge in this profession. With the dramatic increase in association-governed housing over the past 35 years (10,000 community associations in 1970 versus an estimated 286,000 today), there is an expanded need for education in community association management. Fifty seven million Americans live in association-governed communities.

Professional managers provide administrative, operational and managerial counsel to community association boards. They typically are responsible for managing budgets and contractors, directing association personnel, and overseeing compliance with association covenants and restrictions.

NBC-CAM was established in 1995 by Community Associations Institute (CAI) to ensure that managers have the appropriate skills to effectively manage community associations. More information is available at www.nbccam.org.

Waldvogel Commercial Properties, Inc., under Waldvogel’s supervision, manages the homeowner’s association of three downtown condominium properties, Campbell Garage Lofts, The Candy Factory and Fulton Motor Lofts.

Waldvogel Commercial Properties Announces Sale of All 15 Units at The Candy Factory Condominiums

Waldvogel Commercial Properties is pleased to announce the sale of all 15 units at The Candy Factory Condominiums. The Candy Factory is the second project, built by Stanley Shield LLC, to sell out in the last two years. Campbell Garage Lofts which was completed in June 2006 sold out in just 16 months. The Candy Factory has sold out in less than 12 months. Despite national news which is forecasting a gloomy housing market, the Downtown Roanoke neighborhood seems to be booming!

Waldvogel Commercial Properties Announces the Significant Sale of a 1.23-Acre Site at 612-616 South Jefferson Street

Waldvogel Commercial Properties, Inc. is pleased to announce the sale of a 1.23 acres site at 612-616 S. Jefferson Street in downtown Roanoke for $1,300,000. Waldvogel Commercial Properties was the sole broker in the transaction, which The Roanoke Times has identified as one of the year’s 10 most significant real estate transactions.

The site was acquired for the construction of an office building in which to house the Social Security Administration. Demolition of existing structures on the site was to begin immediately, with construction of the new complex to commence in early 2008.

City officials have said the new building will keep federal jobs downtown and enhance economic development along that stretch of Jefferson Street, a gateway into the Central Business District.

Waldvogel Commercial Properties to Provide Advisory Marketing and Broker Services for Roanoke’s Blue Ridge Behavioral Health

Waldvogel Commercial Properties, Inc has been retained to provide advisory marketing and broker services for Blue Ridge Behavioral Health of Roanoke, Virginia. In this capacity, Waldvogel Commercial Properties will broker the acquisition and disposition of lease or sale properties for the client throughout the Roanoke Valley.

Blue Ridge Behavioral Healthcare (BRBH) is one of the forty Community Services Boards in Virginia that are responsible for providing comprehensive quality services in mental health, mental retardation, and substance abuse, as well as monitoring and evaluating such services to ensure their cost effectiveness and applicability to citizen needs. BRBH has multiple programs in operation throughout the Roanoke Valley with about 400 employees working to provide these services.