Commercial Real Estate

Serving Harrisonburg, Staunton, Winchester and Nearby Areas of Virginia

Hoover Penrod PLC's real estate attorneys has handled commercial real estate transactions for decades in the Shenandoah Valley. From zoning and development concerns to general contract issues, we provide legal guidance to identify and avoid potential problems.

Types of Commercial Real Estate Issues

To serve the evolving needs of our business clients, we handle a complete range of commercial real estate issues, including:

  • Purchase and sale of commercial real estate
  • Land acquisitions
  • Commercial leasing
  • Zoning and development
  • Commercial development projects ( centers, and business parks)
  • Residential development projects
  • Construction lien disputes

Structuring the Transaction

Our real estate attorneys work closely with business professionals to draft transactional documents tailored to your company’s unique needs, limiting liability and identifying tax advantages to achieve the most favorable terms. We also help institutional lenders and borrowers draft and negotiate complex loans in multi-million dollar commercial real estate sales and purchases. We actively represent small businesses with funding from the Small Business Administration.

Tax-Free Exchanges

1031 tax exchanges are transactions that are specifically structured to join the sale of an old property with the purchase of a new property,allowing you to defer taxes. If you are buying or selling investment real estate – such as raw land, a commercial building, or a rental property – we can determine if a 1031 exchange is possible, and help you execute it effectively.

To schedule a consultation with one of our commercial real estate attorneys, please contact Hoover Penrod PLC or call 540-433-2444. We serve clients throughout Harrisonburg, Staunton, Winchester, and the nearby areas in Virginia.