Hundreds of people gathered on Wednesday evening, April 21, as the Greater Richmond Association for Commercial Real Estate (GRACRE) announced the area’s brightest real estate stars at Real Estate Stars 2010, The Ninth Annual Real Estate Awards Gala. The signature event, which was held at Lewis Ginter Botanical Garden, has become the preeminent event honoring outstanding real estate projects in the Greater Metropolitan Richmond region. Hines was the presenting sponsor. The project winners were selected by an independent panel of judges.
GRACRE’s president for 2010, Debbie Wake, and Master of Ceremonies, Robert C. Powell, III, editor of Virginia Business, kept the evening flowing with a combination of charm and humor. From the field of project finalists, Movieland at Boulevard Square garnered the distinction of “Project of the Year”.
The GRACRE Real Estate Awards were established in 2000 to recognize a single MetroRichmond area project — Renovated or Historic Rehabilitation, Multi-family, Institutional, Office Building, Recreational or Entertainment, Interior, Commercial or Retail — as the best in the Greater Richmond area. Beginning in 2007, the awards have grown to recognize myriad projects in individual real estate categories.
GRACRE Board of Directors’ members Scott O. Corwin and Pamela S. McElrath were co-chairs for the event. “Even with a down economy, the quality of the projects in the region this year has been extraordinary,” states Corwin.
”It has been quite rewarding to take this event to the next level,” concludes McElrath. “We look forward to raising the bar even higher next year.”
The award winners.
Jeffery Nelson, Draper Associates; Carthan Currin, Martin Brothers Contractors; and Todd Morgan, Martin Brothers Contractors
Melissa Ziglar, Hines; Mark Smith, Hines; Carla Rao; Alba Perez McBurney, Hines; and Thor Headley, Hines.
GRACRE Program committee: Scott Corwin, Kammie Cox, Anne Burnett, Greg Campbell, Debbie Wake, Pamela McElrath, Karen Mulaney, Rob Hughes and Drew Holtman.
Deal of the Year for Lease: Chuck Ellsworth, and Steve
Gentil, both with Grubb & Ellis/Harrison & Bates
The Awards This year GRACRE presented awards in 12 categories: Best Retail or
Restaurant Project; Best Institutional or Public Project; Best Interior
Project; Best Mixed Use Project; Best Multi-Family Project; Best Office
Building Project; Best R&D, Flex, or Industrial Project; Best
Recreational, Entertainment or Hotel Project; and Best Renovated or
Historic Rehabilitation Project.
Deal of the Year for Sale: Jeff Novak. Purchase of
the Year Culpepper
For this year’s event, a new category
was added: Deal of the Year, which recognizes the significant commercial
real estate Sale or Lease transaction involving a Greater Richmond
based developer, landlord, seller, buyer, tenant, and/or broker.
The DEAL OF THE YEAR for LEASE went to Branch Banking & Trust Company at Riverfront Plaza Representing Tenant: Grubb & Ellis/Harrison & Bates, Steve Gentil and Chuck Ellsworth Representing Landlord: Dominion Realty Partners, LLC, Michael Campbell.
The DEAL OF THE YEAR for SALE went to Culpepper Farms & Oaks at Gayton Apartment Purchaser: Colonial Court Apartments, Inc.
See the other award-wining projects and acceptors below.
