Ashby Development

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Real Estate
Consulting

Partners and Investors have come to rely upon Ashby for inventive and timely solutions to complex real estate problems.
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Space Calculation

Since its inception, Ashby has worked closely with investors and owners to identify, negotiate and
secure attractive.
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Business
Resources

For years Ashby has represented the interests of investors, combining sophisticated market research
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Property
Management

Since its first development, Ashby has offered expert local management services for its projects.
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Ashby Development

Ashby Development is a Chesapeake, Virginia based privately held real estate development company involved in all aspects of the development and management of commercial, industrial, retail, and multi-family projects. Our projects focus on the Mid-Atlantic region and are occupied by strong local, regional, and international tenants.

Featured Property

808 Live Oak Drive, Chesapeake, VA 23320

808 Live Oak_Chesapeake_VA_23320

Newest Acquisition by Ashby Development Team

This 77,500 sqft industrial flex property was purchased as an investment property with an existing investment relationship.

The building is 77,500 sqft of office/warehouse located in the Greenbrier section of Chesapeake, Virginia.  Consisting of +/- 12,000 sqft of office space and 65,000 sqft of warehouse space.  Upon purchase the property was 95% occupied with long term leases in place.

The purchase of the property was handled by our brokerage relationship with NAI Eagle-Hampton Roads.  Financing and acquisition was handled by Ashby Development and the asset management will be overseen by the Ashby Development Team.

View all projects in VA

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Blog

How Technology is Revolutionizing CRE Investing

“Commercial real estate investing is a growing industry where personal relationships are pivotal—and these relationships are commonly built via face-to-face meetings and document-heavy correspondence. Sponsors and investors have typically exchanged information through low-tech and high-touch channels, without a great reliance upon technology. As a result, the traditional commercial real estate investment process ends up being […]

Class-B, Suburban Class-A Apartments Properties Gain Momentum

Very interesting article by Bendix Anderson of National Real Estate Investor, regarding Class-B, Suburban Class-A Apartment Properties. “Class-A apartments in core neighborhoods may no longer be the best investment in today’s market. Vacancy rates are rising for to the most expensive apartment communities in urban neighborhoods, research shows. “The urban class-A market is seeing some […]

Your Pie – Hampton Roads Grand Opening

Your Pie – Hampton Roads is now open in the Wards Corner Harris Teeter Shopping Center in Norfolk, Virginia.  Our partner company Ashby Real Estate Group was lucky enough to work with this great group to help find their first of many locations in the Hampton Roads area.  If you are looking for a great […]

What is the Value of a Commercial Property?

What is a property worth? Real Estate Calculations There are many approaches to determining the value of a piece of commercial property or commercial investment.  Often it is best to use a more than one approach to reach the true value of a property.  Below are few of the most common methods for determining the […]

Latest News

How Technology is Revolutionizing CRE Investing

“Commercial real estate investing is a growing industry where personal relationships are pivotal—and these relationships are commonly built via face-to-face meetings and document-heavy correspondence. Sponsors and investors have typically exchanged information through low-tech and high-touch channels, without a great reliance upon technology. As a result, the traditional commercial real estate investment process ends up being […]

Ashby Development now working with NAI Eagle

We are very excited to announce that Patrick L. Reynolds, CCIM has joined NAI Eagle as a Senior-Vice President – Managing Director Hampton Roads.  This will allow Patrick to continue to provide superior service to clients, customers, tenants, and landlords on an even larger scale as part of the NAI Global platform.  Additional information provided […]