Immediately after expanding its attain to the Piedmont final year, a Richmond real estate brokerage has doubled down domestically with a new place of work in Chester.
The Hogan Team is planning to open its second local outpost at 9842 Lori Highway, a multitenant office environment developing across from the Chesterfield County government intricate and guiding the Initially Watch cafe fronting Iron Bridge Highway.
The 4,900-sq.-foot area adds to Hogan Group’s headquarters in Scott’s Addition, as effectively as a 3rd business office in Charlottesville that it opened last yr, at a area just west of Charlottesville’s Downtown Mall.
CEO Mike Hogan, who released the brokerage in 2019 right after five several years as an agent with Keller Williams, said he’s also eyeing Fredericksburg for an more business office. The brokerage also is lively in the Northern Neck location.
Hogan said his workforce qualified Chester specifically for its housing stock, advancement and recent announcements of far more to come, this sort of as VCU Health’s program for an outpatient facility close by and Lego Group’s planned producing plant at Meadowville Technological know-how Park.
“There’s a ton of things coming, and quite actually, that section of the Richmond metro location is about the previous place of cost-effective housing left close to,” he reported. “It’s one particular of the couple of locations that you can get a three-mattress, 2½-bath house that is $250,000 or fewer, so that is a different reason for us. We’re searching at the place the desire is and in which the growth is, and that spot was all-natural for us.”
Describing the move as going against traits, Hogan extra, “Everybody else seems to want to go to Midlothian and contend with the 200 other brokers that are dependent out of there. We decided to take the reverse tack and go down listed here. We experience like it’s an underserved spot that we can do some very good in.”
Primary the Chester business will be Jeremy Cecchettini, who Hogan stated is acquainted with and perfectly acknowledged in the area.
About 15 agents are anticipated to be based mostly at the place of work when it opens in mid-August. Hogan claimed they’re aiming to have as numerous as 40 centered there by the finish of the yr.
Companywide, he reported the Hogan Group now totals extra 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.
Together with Hogan, who serves as associate broker, Hogan Group is led by principal broker and president Alicia Chappell.
Rob Heim with the group’s industrial real estate division led the research that resulted in the Lori Street house. Hogan said they leased it for 5 a long time.
Hogan explained they’ve also re-upped their Scott’s Addition lease for another three decades.
The business now has 45 energetic and pending listings. Yr-to-day product sales full 517, up 28 p.c around the identical period of time very last calendar year, Hogan said. It closed 1,010 transactions in 2021.
Hogan Group joins a further homegrown brokerage which is growing its nearby footprint throughout the river. River City Elite Houses is planning to open its second location in the Libbie-and-Grove region.