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News & Announcements

Recent Sold/Leased Announcements

Poe & Cronk Announces Sale of Downtown Office Building for $3.1M

Poe & Cronk Real Estate Group today announced the sale of the First Federal Building on the corner of Church Avenue and 1st Street SW in Historic Downtown Roanoke for $3,100,000.

The 48,000 square foot office building served as headquarters for First Federal Savings and Loan, Valley Bank, BNC Bank, and is currently occupied by Pinnacle Bank until 2020 when they will relocate to their newly constructed downtown headquarters on Campbell Avenue.

After receiving multiple offers to purchase, the property ultimately sold for the full asking price. The new owner, Kalyan Hospitality, is exploring options to renovate the property for a new downtown hotel or modern offices.

The First Federal Building was originally constructed in 1958 and is one of Roanoke’s landmark assets. The property fronts 125 feet on Church Ave. and 95 feet on 1st Street SW in the heart of downtown Roanoke’s reviving Central Business District.

The property was marketed for sale by Dennis Cronk, Matt Huff, and Stephen Pendergrass of Poe & Cronk Real Estate Group.

POE & CRONK ANNOUNCES NEW HIRE IN EXECUTIVE POSITION

ROANOKE, VA – Poe & Cronk Real Estate Group is excited to announce Kent Rosenberger, RPA has joined the firm as a Vice President and its Director of Property and Facility Management Services.

Kent will be leading Poe & Cronk’s …

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Poe & Cronk Announces Sale of Historic Downtown Building

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of a Historic Downtown Building located at 211 1st Street, SW in Roanoke, Virginia. The property sold for $1,047,500.

Dennis Cronk, CCIM and Bryan Musselwhite, CCIM …

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Poe & Cronk Real Estate Group Awarded Listing Assignment for the Sale of First Federal Office Building in Downtown Roanoke

ROANOKE, VA (June 4, 2019) – Poe & Cronk has been selected to represent the owners of the sale of the eight story First Federal Building on the corner of Church Avenue and 1st Street SW in Historic Downtown …

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Poe & Cronk Selected to Manage and Lease THE ELMWOOD BUILDING

Former Meridium location now known as The Elmwood Building
*Space Now Available for Lease*
Poe & Cronk Real Estate Group is proud to announce it has been awarded the assignment as the Exclusive Leasing and Management Firm for The Elmwood
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POE& CRONK RELEASES 32ND ANNUAL OFFICE MARKET SURVEY

ROANOKE, VA. (February 20, 2019)— Poe & Cronk Real Estate Group today released the results of its 32nd Annual Office Market Survey, reporting a strong increase in the overall Roanoke Valley office occupancy rate from 84% to 87% in …

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POE & CRONK ANNOUNCES SALE 19+ ACRES and 102,000 SF HIGH-TECH INDUSTRIAL BUILDING

CHRISTIANSBURG, VA.— Poe & Cronk Real Estate Group today announced the sale of 400 Technology Drive in Christiansburg, VA. The Seller, DISH Network, LLC, was the former occupant of the 102,000 SF High-Tech Operations Center in Falling Branch Corporate …

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Poe & Cronk Property Sales & Leasing

Poe & Cronk Announces Sale of Fully Leased Multi-Tenant Flex Industrial Property

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of a 30,000 SF multi-tenant flex industrial property located at 1715 Granby Street NE, Roanoke, VA. The property sold for $1,350,000 or $45 per square foot. The …

Poe & Cronk Brokers $1.1 Million sale of Multi-Family Complex in Bedford

BEDFORD, VA – Poe & Cronk Real Estate Group announced today that they have successfully negotiated the sale of a 24-unit Multi-Family complex located at 889 Short Street in Bedford, VA. The Buyer, Lobo Investment Group based out of Los …

POE & CRONK NAMES NEW REAL ESTATE AGENT

ROANOKE, VA – Carmen Elliott has joined Poe & Cronk Real Estate Group where she will specialize in the sale and leasing of commercial and industrial real estate.  Carmen is a native of Western Virginia and an MBA graduate of …

Poe & Cronk Announces Sale of Industrial Building

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of a 4,800 SF Flex Warehouse Building located at 1636 9th Street, Roanoke, VA. The property sold for $327,000. Thom Hubard, CCIM represented the Seller in …

Poe & Cronk Announces Sale of Former Ragazzi’s Restaurant on Electric Road

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of the former Ragazzi’s Restaurant located at 3843 Electric Road, Roanoke, VA. The 0.92 acre property sold for $1,163,750 to a developer who will redevelop the site …

Poe & Cronk Announces Sale of Office/Warehouse Facility

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of a 78,664 SF Industrial Building located at 3304 Aerial Way Drive, Roanoke, VA. The property was vacant and sold to an investor for $1,225,000. Adam Hardy, …

Poe & Cronk Announces Sale of Multi-Family Property in Lynchburg

LYNCHBURG, VA – Poe & Cronk Real Estate Group today announced the sale of a 24-unit multi-family property located at 302 Capstone Drive in Lynchburg, Virginia.  The property is located in the vibrant Cornerstone Mixed-Use Community which includes apartments, townhouses, …

Poe & Cronk Announces Sale of Former El Rodeo

SALEM, VA – Poe & Cronk Real Estate Group today announced the sale of El Rodeo Mexican Restaurant. This 4,600 SF Retail Building is located at 260 Wildwood Road, Salem, Virginia. The property sold for $580,000. Thom Hubard, CCIM represented …

Poe & Cronk Announces Sale of Former Yellow Cab Facility

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of the property formerly known as Yellow Cab which includes 4,200 sf of office and 2,400 sf of high ceiling shop area. The ±1.69 acre parcel located …

POE & CRONK ANNOUNCES SALE OF 17 ACRES IN AIRPORT DISTRICT

ROANOKE, VA — Poe & Cronk Real Estate Group today announced the sale of 17 Acres of undeveloped commercial land to the Roanoke Regional Airport Commission. The total Purchase Price was $2,255,000. The sale comprised of three individual parcels; 3.7 …

Poe & Cronk Announces Lease for Rockbridge County DMV

LEXINGTON, VA – Poe & Cronk Real Estate Group today announced they have successfully negotiated a long-term lease with the Department of Motor Vehicles (DMV) at Stonewall Square Shopping Center in Lexington, VA. The lease for the DMV’s new Rockbridge …

Poe & Cronk Announces New Long Term Lease with Largest Healthcare Company in the World

ROANOKE, VA (March 2020) – Poe & Cronk Real Estate Group today announced they have successfully negotiated and signed a long-term lease with UnitedHealth Group (NYSE: UNH) at Valley Court Business Center on Thirlane Road in Roanoke.  UnitedHealth Group is …

Poe & Cronk Announces Sale of Long-Term Net Lease Goodwill Retail Store

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of 3206 Electric Road. Roanoke, VA. This 11,060 SF retail building is located on the busy corner of Electric Rd and Brambleton Avenue and is the home …

Poe & Cronk Announces Sale of 15-Unit Condominium Multi-Family Complex in Christiansburg

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of a 15 – unit condominium complex located on Haymaker Street in Christiansburg, VA. The Buyer purchased the property for $1,600,000 as part of a 1031 Tax …

POE & CRONK RELEASES 33rd ANNUAL OFFICE MARKET SURVEY

CLICK HERE TO DOWNLOAD ROANOKE, VA. (March 4th 2020)— Poe & Cronk Real Estate Group today released the results of its 33rd Annual Office Market Survey, reporting a stable overall office market with the Roanoke Valley office …

Matthew Huff Named President of Poe & Cronk Real Estate Group, Inc.

Roanoke, VA – January 22, 2020 – Poe & Cronk Real Estate Group is pleased to announce the promotion of Matt Huff, CCIM as the company’s new President. Mr. Huff previously served as the Executive Vice President/COO of Poe & …

Poe & Cronk Announces Sale of Springwood Park Retail Center

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of Springwood Park Retail Center located at 3214 Electric Rd Roanoke, VA. Springwood Park is a 19,200SF mixed use – retail/office building located on the busy corner …

Poe & Cronk Announces Sale of Industrial Facility

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of 3801 Blue Ridge Rd SW. This 34,800 square foot industrial building sits on over 9 acres of land adjacent to the Roanoke River Greenway. The purchaser, …

Poe & Cronk Announces Sale of Industrial Building

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of a 6,624 SF Industrial/warehouse located at 3356 Aerial Way Drive, SW in Roanoke, Virginia. The property sold for $255,000. Adam Hardy, CCIM, CLTD represented the Seller …

Poe & Cronk Announces Sale of Office Building in Old SW

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of a 9,225 SF Office Building located at 706 Campbell Avenue in Roanoke, Virginia. The property sold for $590,000. Bryan Musselwhite, CCIM and Darrell Morris represented the …

Poe & Cronk Announces Sale of Former Distinctive Car Care and Vehicle Storage Facility

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of the property formerly known as Distinctive Car Care and Vehicle Storage which includes a 7-Bay automotive service building, 60 automotive storage units, and developable land located …

Poe & Cronk Announces Sale of Retail Building in Daleville

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of a 3,000 SF Retail Building located at 1298 Roanoke Road in Daleville, Virginia. The property sold for $251,300. Thom Hubard, CCIM and Stephen Pendergrass represented the …

Poe & Cronk Announces Sale of Historic Property in Old SW

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of the Historic Markley Home. This 3,360 SF historic home was built in 1884 and is located at 1112 2nd Street in Roanoke, Virginia. It will …

Poe & Cronk Announces Sale of Industrial Building

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of a 22,703 SF Industrial Building located at 2550 Shenandoah Avenue in Roanoke, Virginia. The property sold for $860,000. Adam Hardy, CCIM, CLTD represented the Seller in …

Poe & Cronk Announces Sale of Manufacturing/Warehouse Facility

ROCKY MOUNT, VA – Poe & Cronk Real Estate Group today announced the sale of 78,000 SF manufacturing/warehouse facility located at 685 Tripple Creek Road in Rocky Mount, Virginia. The property sold for $800,000 and was under contract and closed …

Poe & Cronk Announces Sale of Historic Downtown Retail Building

ROANOKE, VA – Poe & Cronk Real Estate Group today announced the sale of a 4,400 SF Retail/Office Building located at 22 Campbell Avenue in downtown Roanoke, Virginia. This historic building is located on the Roanoke City Market. The property …

Poe & Cronk Announces Sale of Hope Tree Retreat and Conference Center

MONTVALE, VA – Poe & Cronk Real Estate Group today announced the sale of Camp Hope Tree Retreat and conference center situated on 84 acres and located at 2494 Camp Jaycee Road in Montvale, Virginia. The property sold for $610,000.…

Poe & Cronk Announces Sale of Retail Site

MADISON HEIGHTS, VA – Poe & Cronk Real Estate Group today announced the sale of 1.09 acre retail site located at 4886 Amherst Hwy in Madison Heights, Virginia. The property sold to Waffle House for $299,500 who plans on building …