Business Details
50+ Years
experience
Your Trusted Partner for Commercial Real Estate Solutions in Blacksburg, VA
Park Realty is a family-owned full-service commercial real estate firm based in Blacksburg, Virginia. Since 1953, we have specialized in providing quality office and retail space solutions across the New River and Roanoke Valleys. Our approach prioritizes tenant satisfaction through a written 100% Satisfaction Guarantee, ensuring lease obligations can be canceled without penalty if service expectations are unmet.We emphasize problem-solving efficiency to minimize business disruptions while maintaining ethical standards in property management. Our philosophy centers on excellence in landlordship, partnership, and employee stewardship rather than scale. With decades of local market expertise, we offer tailored real estate solutions backed by a legacy of trust and accountability.
Services
Office Space Leasing
Retail Property Management
Property Acquisitions
Commercial Development
Portfolio Management
Details
- Year established: 1953
Highlights and features
- We offer over 70 years of local commercial real estate expertise since 1953
- Our written 100% Satisfaction Guarantee ensures accountability and client protection
- Family-owned operation with generational knowledge of Virginia market dynamics
- Specialized in tax-efficient transaction structures including 1031 exchanges
- Proven track record managing diverse property portfolios from office to retail
Services
Office Space Leasing
We provide premium office space solutions across Virginia's New River and Roanoke Valleys. Our portfolio includes multi-tenant and single-tenant properties with flexible lease terms. Tenants benefit from our responsive management approach and satisfaction guarantee.
Retail Property Management
Our retail property management services cover acquisition, leasing, and operations of commercial retail spaces. We maintain long-term tenant relationships through proactive maintenance and market-responsive strategies.
Property Acquisitions
We specialize in acquiring commercial properties through tax-efficient structures including 1031 exchanges. Our 25+ years of experience ensures streamlined transactions with minimal operational disruption for sellers.
Commercial Development
From site selection to project completion, we handle commercial development projects tailored to market demands. Our expertise spans office buildings, retail centers, and mixed-use developments.
Portfolio Management
We offer comprehensive portfolio management services optimizing property performance through strategic renovations, tenant retention programs, and financial oversight.
People
H. Ray Alcorn, Jr.
Principal
Third-generation real estate professional with 40+ years of experience in commercial property management and development. Oversees strategic direction and client relationships.
Rick L. Alcorn
Principal
Commercial real estate executive with expertise in property acquisitions and tax-efficient transaction structures. Manages day-to-day operations and development projects.
Ron G. Alcorn
Principal
Senior partner specializing in property management and tenant relations. Ensures operational excellence across the company's commercial real estate portfolio.
Questions
What commercial property types do you specialize in?
We focus on office buildings, retail centers, and mixed-use properties across Virginia's New River and Roanoke Valleys.
How does your satisfaction guarantee work?
If we fail to meet service commitments, tenants may cancel remaining lease obligations without penalty after we've had opportunity to resolve issues.
Do you handle property acquisitions for sellers?
Yes, we offer streamlined acquisition services with expertise in tax-deferred exchanges and structured sales for commercial properties.
What markets do you serve?
Our primary focus areas include Blacksburg, Roanoke, and Christiansburg, Virginia, with select transactions within 150-200 miles of Blacksburg.
