Canada-based developer buys into Powhatan

Posted on 7/25/2018 by Jonathan Spiers at  Richmond BizSense

A global land development company based in Canada is entering the local market with a deal in Powhatan County that could result in hundreds of new homes.

Calgary-based Walton Global Investments closed Friday on its purchase of a 74-acre tract on the south side of U.S. 60 between the Holly Hills area and Oakbridge Business Park, about a mile west of Windy Hill Sports Complex and Westchester Commons.

The purchase price was $1.15 million, said Randy Cosby, a broker with Commonwealth Commercial who worked the deal with colleague Chris Jenkins.

The transaction had not been recorded with the county assessor’s office as of Tuesday. The latest county assessment valued the land at $926,000, according to Powhatan property records.

Cosby said he has plans for the Powhatan property, and that development could include as many as 300 homes with a variety of types, including townhomes and single-family houses. He said the county’s land-use plan also calls for a commercial component, and the development would include walking trails and parks.

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Canada-based developer buys into Powhatan

Posted on 7/25/2018 by Jonathan Spiers at Richmond BizSense

A global land development company based in Canada is entering the local market with a deal in Powhatan County that could result in hundreds of new homes.

Calgary-based Walton Global Investments closed Friday on its purchase of a 74-acre tract on the south side of U.S. 60 between the Holly Hills area and Oakbridge Business Park, about a mile west of Windy Hill Sports Complex and Westchester Commons.

The purchase price was $1.15 million, said Randy Cosby, a broker with Commonwealth Commercial who worked the deal with colleague Chris Jenkins.

The transaction had not been recorded with the county assessor’s office as of Tuesday. The latest county assessment valued the land at $926,000, according to Powhatan property records.

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Walton Global purchases land in Powhatan County for master-planned community

Posted on 7/24/2018 by  Virginia Business

A 74-acre property in Powhatan County on U.S. 60 has been sold to Walton Global and is expected to be Powhatan’s largest residential development to date, according to Richmond-based Commonwealth Commercial Partners LLC. The sale price was not disclosed.

Commonwealth Commercial facilitated the sale of 1585 Anderson Highway. The site is expected to become a master-planned community with a mix of housing types, as well as amenities such as walking trails and parks. Walton Global is a Canada-based investment and development group.

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