Dodson Property Management has acquired Shockoe Co. in a deal that will merge two Richmond-based residential and commercial property firms.
The combined company will oversee more than 3,700 residential units and 1 million square feet of commercial space across Central Virginia, Hampton Roads and North Carolina.
Terms of the deal, which closed on Nov. 1, were not disclosed.
Founded in 1986 under the direction of co-founders Mark R. Merhige and Bill Elliott, Shockoe Co. has grown into a full-service property management provider with a portfolio of more than 800,000 square feet of commercial space and 400 residential units in Virginia and North Carolina.
