After expanding its achieve to the Piedmont previous 12 months, a Richmond true estate brokerage has doubled down domestically with a new business office in Chester.
The Hogan Group is planning to open its second community outpost at 9842 Lori Road, a multitenant office environment creating across from the Chesterfield County governing administration complex and at the rear of the To start with Check out restaurant fronting Iron Bridge Highway.
The 4,900-sq.-foot space provides to Hogan Group’s headquarters in Scott’s Addition, as perfectly as a third business in Charlottesville that it opened past calendar year, at a area just west of Charlottesville’s Downtown Shopping mall.
CEO Mike Hogan, who introduced the brokerage in 2019 after five a long time as an agent with Keller Williams, stated he’s also eyeing Fredericksburg for an supplemental business office. The brokerage also is energetic in the Northern Neck space.
Hogan claimed his group focused Chester especially for its housing stock, development and current bulletins of additional to arrive, this sort of as VCU Health’s strategy for an outpatient facility nearby and Lego Group’s planned manufacturing plant at Meadowville Technological know-how Park.
“There’s a ton of stuff coming, and pretty truthfully, that element of the Richmond metro region is about the final place of reasonably priced housing left all around,” he mentioned. “It’s a single of the several places that you can get a three-mattress, 2½-bath household that’s $250,000 or fewer, so that’s yet another cause for us. We’re seeking at where by the demand from customers is and wherever the development is, and that region was all-natural for us.”
Describing the move as heading versus developments, Hogan added, “Everybody else appears to want to go to Midlothian and compete with the 200 other brokers that are based out of there. We determined to take the opposite tack and go down here. We come to feel like it is an underserved area that we can do some good in.”
Foremost the Chester business will be Jeremy Cecchettini, who Hogan stated is common with and very well regarded in the place.
About 15 brokers are predicted to be based mostly at the place of work when it opens in mid-August. Hogan stated they are aiming to have as numerous as 40 dependent there by the end of the calendar year.
Companywide, he reported the Hogan Team now totals far more than 100 brokers – up from the 40 or so brokers on the company’s roster when it established up in Scott’s Addition in 2019. The company’s headquarters is at 1707 Summit Ave.
Alongside with Hogan, who serves as affiliate broker, Hogan Group is led by principal broker and president Alicia Chappell.
Rob Heim with the group’s industrial genuine estate division led the look for that resulted in the Lori Highway space. Hogan said they leased it for five many years.
Hogan said they’ve also re-upped their Scott’s Addition lease for an additional three several years.
The organization at this time has 45 active and pending listings. Year-to-date gross sales total 517, up 28 per cent in excess of the very same interval previous calendar year, Hogan mentioned. It closed 1,010 transactions in 2021.
Hogan Group joins an additional homegrown brokerage which is growing its neighborhood footprint throughout the river. River Town Elite Properties is making ready to open up its 2nd locale in the Libbie-and-Grove area.