As part of an ongoing representation of BB&T in the region, Oakcrest Commercial Real Estate represented BB&T in sale of their building in Old Town Winchester Virginia. The property was sold for $2.7 million dollars with the transaction closing December 22, 2017. You can read more about the sale in this article from the Winchester Star. This sale is part of a growing trend in the banking industry of closing branches as technology improves making them less necessary. A recent article in Costar sheds light on this trend.
Toys R Us Closing up to 182 Stores but the Winchester Virginia location in safe for now. Read about the closures in this article from CoStar.
The Front Royal-Warren County Economic Development Authority approved the purchase of two parcels of land for $8.3 million this past Friday. To read more about this purchase and other recent economic news in Front Royal and Warren County, read this article from the Northern Virginia Daily