Spotsylvania County, VA Economic Development Authority » sale

Requests for Proposals Sought in Sale of Spotsylvania EDA Building

admin — Fri, 24 May 2013 13:00:29 +0000

Spotsylvania County’s Economic Development Authority is seeking REQUESTS FOR PROPOSALS from prospects who want to buy an EDA-owned building in the Southpoint I shopping center.

The EDA has owned the 8,600-square-foot building since 2002. Some of the space is leased to an insurance company, a regional public safety non-profit, a marketing and Internet company and the county’s visitors center.

The EDA will consider all proposals, and is looking for uses that create jobs and generate property taxes. The property is assessed at about $1.3 million. Deadline for submissions is Friday, July 19, 2013 at 5:00pm.

See this page for more information: http://americanhosting.us/SpotsyEDA/?page_id=409

MAA Paid $48.9M for Haven Apartment Complex in Spotsylvania

admin — Thu, 23 May 2013 13:44:06 +0000

Real estate investment trust MAA paid about $48.9 million for The Haven at Cosner’s Corner apartment complex in Spotsylvania, according to county property records.

MAA bought the 33.6-acre complex Tuesday from South Carolina-based Johnson Development Associates. The community has been renamed Station Square at Cosner’s Corner, a nod to the Virginia Railway Express station that will be built just down U.S. 17 from the complex.

The deal was done in two separate transactions. MAA paid $44.64 million for the 260 apartments that have already been developed and that are about 75 percent leased. The REIT paid $4.25 million for the undeveloped land where the second phase of the apartment community will be built.