After increasing its arrive at to the Piedmont very last calendar year, a Richmond genuine estate brokerage has doubled down domestically with a new business in Chester.
The Hogan Team is getting ready to open up its next area outpost at 9842 Lori Street, a multitenant business developing across from the Chesterfield County govt sophisticated and behind the Very first Check out restaurant fronting Iron Bridge Street.
The 4,900-square-foot room adds to Hogan Group’s headquarters in Scott’s Addition, as nicely as a third office in Charlottesville that it opened last 12 months, at a location just west of Charlottesville’s Downtown Mall.
CEO Mike Hogan, who introduced the brokerage in 2019 soon after five decades as an agent with Keller Williams, mentioned he’s also eyeing Fredericksburg for an supplemental business. The brokerage also is lively in the Northern Neck spot.
Hogan mentioned his team focused Chester particularly for its housing stock, growth and latest announcements of extra to appear, these as VCU Health’s system for an outpatient facility close by and Lego Group’s planned producing plant at Meadowville Technologies Park.
“There’s a large amount of things coming, and pretty honestly, that portion of the Richmond metro location is about the previous region of affordable housing left all around,” he mentioned. “It’s 1 of the handful of spots that you can get a a few-bed, 2½-bathtub home that’s $250,000 or fewer, so which is one more motive for us. We’re seeking at exactly where the desire is and wherever the development is, and that area was all-natural for us.”
Describing the transfer as heading in opposition to traits, Hogan extra, “Everybody else appears to be to want to go to Midlothian and contend with the 200 other brokers that are based out of there. We determined to choose the opposite tack and go down in this article. We sense like it’s an underserved area that we can do some great in.”
Major the Chester office will be Jeremy Cecchettini, who Hogan said is common with and well recognized in the region.
About 15 brokers are predicted to be centered at the office when it opens in mid-August. Hogan reported they’re aiming to have as quite a few as 40 primarily based there by the close of the yr.
Companywide, he said the Hogan Group now totals much 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.
Along with Hogan, who serves as associate broker, Hogan Team is led by principal broker and president Alicia Chappell.
Rob Heim with the group’s business real estate division led the lookup that resulted in the Lori Highway place. Hogan claimed they leased it for five several years.
Hogan stated they’ve also re-upped their Scott’s Addition lease for an additional a few several years.
The enterprise now has 45 energetic and pending listings. Year-to-day gross sales complete 517, up 28 % about the very same time period very last yr, Hogan claimed. It shut 1,010 transactions in 2021.
Hogan Group joins another homegrown brokerage which is growing its nearby footprint across the river. River Town Elite Properties is making ready to open up its second location in the Libbie-and-Grove area.