Chris Read | Colliers International | Norfolk - Main

Chris Read

Senior Vice President

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About

Professional Summary

Chris Read specializes in the sale and leasing of retail property for Colliers | Virginia.  As the Director of the Retail Services Team in Norfolk, Virginia, he has extensive recent and long-term experience generating positive results to owners, developers and tenants in the retail sector for over 24 years.

On behalf of national and regional clients, Chris has achieved success on a multitude of assignments including, but not limited to, shopping center leasing and sales, site selection, new retail developments, land subdivisions and parcel sales to end users, tenant-mix strategies, architectural guidance/shopping center design, big box leasing, redevelopment projects, portfolio leasing/sales, tenant representation, complex contract negotiations, investment sales and surplus property dispositions.  This knowledge base presents a thorough understanding of special requirements to furnish a personalized approach to individual client needs. 

Accomplishments

  • Past recipient of the Broker Employee of the Year award
  • Gold Award, Tidewater Association of Realtors Member, Million Dollar Sales and Leasing Club

Education

  • Bachelor of Science, Old Dominion University
  • Master of Science, Old Dominion University

Memberships & Involvements

  • Member, International Council of Shopping Centers (ICSC)
  • Member, Greater Hampton Roads Real Estate Association 
  • Member, Old Dominion University Real Estate Board
  • Member, ICSC Southern Division Planning Committee

Services

Service Lines
Landlord Representation, Tenant Representation
Property Types
Retail
Featured Research
Jan 15, 2020
Norfolk Retail Q4 Marketview
Multiple Large Deliveries Highlight Strong Activity Within Norfolk Retail Market in 2019
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May 15, 2019
Norfolk Retail Q1 2019 Marketview
Market Overview The Norfolk retail market showed slight increases in vacancies throughout Q1 2019, ending the quarter with 207,908 sq. ft. of negative net absorption, which raised the vacancy rate 30 bps (basis points) to 5.9%. Average asking rents (NNN) ended Q1 2019 at $13.34 across all product types, which is a slight decrease of $0.30 quarter-over-quarter, however an increase of $0.77 year-over-year. Market rents have been increasing since the recession, and that trend is expected to continue in the near future. With the upcoming deliveries of IKEA and Wegmans, the area is showing that it can be attractive to selective, high-quality retailers. Both of these retailers are known for providing high-quality experiences within their stores, despite their products being the main drivers of business. They highlight the growing trend of experiential retail, which will likely continue gaining popularity as brick-and-mortar continues to evolve.
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Featured News
Feb 10, 2020
Colliers International Announces Sale of 36,185-SF Church on Volvo Pkwy. in Chesapeake for $5.75 Million
Colliers International is pleased to announce the sale of Parkway Christian Center, Inc. at 601 Volvo Parkway, Chesapeake for $5.75 million.
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Aug 15, 2019
Colliers International Repositions Lynnhaven North with 17 New Tenants Including Surge Adventure Park and SK8House
Colliers International’s Norfolk office is working with owners Mishorim Gold VAB LP to reposition Lynnhaven North Shopping Center in Virginia Beach after the company purchased it in January. In less than six months, the leasing team has brought 17 new tenants to the shopping center including two major entertainment anchors that will offer plenty of fun from trampolines to skating.
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