News Articles Johnson decides to branch out Taken from November 11, 2000 article by Rusty Dennen in The Free Lance-Star. Fitz Johnson, a longtime broker with Johnson & Glazebrook Commercial in Fredericksburg, has left the company co-founded by his father to start his own firm. Johnson, a commercial broker with J&G since 1990, said it was time for the change. The new firm, Johnson Realty Advisors Inc., opened last week in the former RADCO building on Lafayette Boulevard. It´ll include an asset manager, research director and three marketing people, Johnson said. Johnson said he chose "Realty Advisors" as part of the name to focus on a broader scope of the commercial brokerage and investment business. Even with a piece of land, there´s a lot of detail-liability insurance, monitoring tax assessments and appealing them, environmental issues. We have the capability of handling all that," he said. "We´ll be doing the same as in the past, but hopefully on a more complete scale," Johnson said. What´s Developing in: Fredericksburg Taken from an article by Adam Katz-Stone in the June 9-15, 2000 edition of Commercial Real Estate Monthly The way Fitz Johnson sees it, the equation in Fredericksburg is pretty straightforward these days. Big population growth + traffic packed solid from here to the District = commercial real estate potential. "Mainly what is pulling people here is quality of life. We´ve got excellent restaurants. We´ve got history. We´ve got cultrual activities. The educational system is outstanding, from the public schools all the way up to Mary Washington College, which recently opened a new campus specializing in business education," said Johnson, a broker with Johnson and Glazebook Commercial in Fredericksburg. "At the same time, 40 percent of the working population here still commute north every day. Any time you can provide a job locally, they jump at the chance to get off I-95." Innovative city office park sells for $3 million Taken from an article by Ted Byrd in the Free Lance-Star Hunter Greenlaw Jr. has sold Mill Race Commons, the former G&H pants factory in Fredericksburg that he renovated in the mid-1980s. George Lester, a Martinsville investor and owner of the Jim Carpenter Co., paid a little more than $3 million for the 1.7-acre site and 28,000 square feet of offices. "That building is probably the nicest, most prestigious in the area," said Fitz Johnson, a broker with Johnson & Glazebrook Commercial who handled the sale. "It´s got a lot of charm." Land prices, labor pool are creating fast growth Taken from article by Adam Katz-Stone in the December 11-17, 1998 edition of the Washington Business Journal Fitz Johnson, a broker with Johnson and Glazebrook Commercial in Fredericksburg, said a strong economy in recent years has helped developers to recognize the native charms of Stafford County. This combination of factors has worked well for Johnson. In the Heritage Commerce Center industrial park on Route 17, for example , his firm has sold six sites worth more than $2 million in just the last two years. Falmouth to get new post office Taken from a June 27, 1997 article by Rusty Dennen in The Free Lance-Star The Postal Service has purchased 5.2 acres of land from the Silver Cos. for $1.9 million. The tract is south of Litchfield Boulevard. Fitz Johnson, a broker with Johnson & Glazebrook commercial who handled the deal, said it was completed yesterday. Commercial Boom Follows Stafford´s Growing Demographics Taken from an article by Jan Erkert in September 20-26, 1996 edition of the Real Estate Journal Interactive Stafford recently distinguished itself as Virginia´s first community to attract a Korean firm. Donsung America, Inc. has chosen Stafford for its new high-technology production facility. "Overall, we´re seeing a tremendous amount of activity in many sectors," said Fitz Johnson, vice president of Johnson & Glazebrook, Inc. "We attribute it to Stafford´s geographic location and overall growth patterns." Pro-Business Attitude Winning Stafford Some Big Catches Taken from an article by Jan Erkert on page A9 of the April 28, 1995 issue of The Corridor Real Estate Journal. "People from Northern Virginia are amazed at the pro-business attitude of the Stafford County government, as compared to those up north," said Fitz Johnson, vice president of Johnson & Glazebrook Commercial. "They truly bend over backward to help developers and business persons. That environment makes it easier to attract commercial clients." Shannon sale could be end for airport Taken from an article by Rusty Dennen According to Fitz Johnson, unless a buyer for the 45-year-old, 115 acre airport in Spotsylvania County comes forward soon, it most likely will be closed and converted to industrial use. Johnson is vice president and commercial broker with Johnson & Glazebrook, the company hired by NationsBank earlier this year to sell the airport and about 360 acres of surrounding industrial and commercial land. NationsBank foreclosed on the property after Lee Hill Limited Partnership defaulted last year. Industrial Land in Ready Supply in Stafford Taken from an article by Fitz Johnson in the April 12-18, 1996 edition of The Corridor Real Estate Journal There is good news and bad news for the Stafford industrial market. The bad news is the industrial land market, which continues to be the slowest moving sector. With more than 4,400 acres of industrial zoned land with utilities available for sale, less than 100 acres of sites have been sold in the last 24 months. While the glutten industrial market is bad news for the owners trying to sell, it is good news for the long-term future of Stafford County. With its pro-business attitude, a ready supply of useable industrial land, low tax rates, infrastructure and utility capacity in place, Stafford is in position to take advantage of future industrial expansion. BookCrafter expanding Taken from an article by Rusty Dennen in the Wednesday, March 27, 1996 edition of The Free Lance-Star The bookbinder has bought eight acres in Crossroads Business Park off the U.S. 17 Bypass for a new warehouse and distribution center, and it has signed an option to buy eight additional acres later on, said Fitz Johnson, a commercial broker with Johnson & Glazebrook who handled the sale. Furniture retailers stay close Taken from an article by Ted Byrd in the Thursday, September 2, 1999 edition of The Free Lance-Star Furniture stores all have been feeling the pressure to locate near interstate interchanges, which potentially can bring more customers than the local markets alone. That has been the key criteria used by Gallahan´s as it looks for a new home, said Fitz Johnson, a commercial broker with Johnson & Glazebrook who is helping with the search. "They´re in a ´C´ location now and they want to upgrade to an ´A´ location," he said. "The only question is cost-benefit." No Active News Links At This Time