Development Portfolio
The Katsias Company is well versed in the multifaceted business of real estate development. Our expertise ranges from coordinating renovations of existing interiors and exteriors to overseeing ground up construction. The Katsias Company will assist in assembling your team of professional contractors, architects, and engineers as well as lenders and financial institutions to ensure the greatest possible value for every dollar spent.
1040 CENTERBROOKE LANE
SUFFOLK, VA
A client hired The Katsias Company to sell or lease roughly 4.5 acres of land. After a portion of the land was sold, The State of Virginia put out a request for proposals for the Department of Motor Vehicles. 1040 Centerbrooke Lane was ultimately chosen as the relocation site, and once again, The Katsias Company was hired to assemble the development team. John Katsias became a partner in this project and continues to partially own and manage the building.
HOLLAND PLAZA SHOPPING CENTER
VIRGINIA BEACH, VA
Holland Plaza Shopping Center began as an approximately 80,000 SF Food Lion anchored center located on Holland Road in Virginia Beach. Within days after The Katsias Company taking over the leasing of the center, Food Lion was nearing the end of their lease. They expressed that they would need a larger space, had plans to relocate, and would not be renewing. The Katsias Company, along with their team of experts, created an expansion plan that would cater to Food Lion’s needs and increase the size of the shopping center from approximately 80,000 SF to 149,000 SF. They were then able to fill the old Food Lion space with another anchor tenant as well as lease the space in the new Food Lion center. As time moved on, the need for additional space arose. The Katsias Company created a 7,500 SF expansion space of shops as well as a build to suit restaurant space of approximately 5,000 SF. All expansions of the center have historically retained a high occupancy and have added substantial value to the center as a whole.
6033 PROVIDENCE ROAD
VIRGINIA BEACH, VA
The Katsias Company was hired by a surgical client to coordinate the ground-up construction of his new office, while keeping his adjacent, existing office open for business. The owner had originally wished to sell his original building and move his practice completely; however, the value of the building had become substantially lower than what it was when purchased. Thinking creatively, The Katsias Company devised an idea that would ensure the client could still keep his practice open and patients happy while constructing a new building. The Katsias Company hired a skilled team of engineers, architects, and general contractors to ensure the new office was built in a timely manner, to ensure a smooth transition into the new building. Upon project completion, the old office was demolished, and parking was created where it once stood.
3276 PRINCESS ANNE ROAD
VIRGINIA BEACH, VA
The 1-acre undeveloped lot was purchased by Ynot Italian in July 2016 and development soon began. The restaurant at 3276 Princess Anne Road is the flagship restaurant and the largest for the local chain, with indoor seating for 200 guests and outdoor seating for 100 guests. The building design includes fire pits and two party rooms, each with seating for 50 patrons.
1932 KEMPSVILLE ROAD
VIRGINIA BEACH, VA
The Katsias Company was hired to find a piece of land for a dental client to relocate and build his practice on. After finding a larger piece of land at the right price, The Katsias Company was hired to assemble a development team to construct a strip center in which the practice would be located. The Katsias Company was able to pre-lease the entire building before construction completion. Since completion, 1932 Kempsville historically remains highly occupied, with the owner occupying a suite in the center.
2697 INTERNATIONAL PARKWAY- PARKWAY 7
VIRGINIA BEACH, VA
Parkway 7 is a Class B office in Virginia Beach, developed under the oversight of The Katsias Company. After finding a piece of land and negotiating the purchase price, The Katsias Company was hired to coordinate a team of engineers, architects, and general contractors to build Parkway 7 from the ground up. Since completion, Parkway 7 has historically remains 100% occupied, with the owner occupying a portion of the building.
