About Us

About Ashby Development

The Company

Ashby Development is a Chesapeake, Virginia based real estate development and management company committed to developing, managing, marketing and owning first class real estate projects and providing outstanding real estate services to its investors and tenants. The Ashby Development Group of companies has office, industrial, retail and multi-family properties under management and development in the Mid-Atlantic region.


Integrity, innovation and results have been the driving force behind Ashby Development’s success and reputation over the years. From creative land use to innovative properties, Ashby Development delivers superior real estate solutions and expertise to its partners and investors. Able to assemble a diverse team of professionals experienced in all facets of commercial and residential real estate including land acquisition, land development, build-to-suit projects, construction oversight, property management, and disposition strategies to meet our clients and investors needs for superior investments with exceptional results.

Since its inception by founders William J. Hearring and Patrick L. Reynolds, CCIM, Ashby Development partnerships has evolved from its land development roots into a full service real estate development and assets management company including real estate brokerage services offered with extensive regional market expertise. Brokerage services are offered through Patrick L. Reynolds, CCIM and a relationship with a local brokerage firm.
As a privately held organization, Ashby differentiates itself through its ability to be entrepreneurial and imaginative in evaluating opportunities and devising solutions in the Mid-Atlantic’s dynamic real estate markets. This translates into identifying unique and highly profitable projects for our partners and investors. Tenants and residents also benefit through Ashby’s ability to solve their problems with a range of services including our in-house professional management and tenant services teams.

Through the cultivation of long standing relationships across all levels of the local and national real estate industry, Ashby Development possesses a unique perspective and enjoys an unmatched record of achievement in one of the most enviable building markets in the country.

Blog Posts

  • New Company Announcement – Maurice Electrical occupies 830 Professional Place, Chesapeake, VA 23320
    Ashby Development would like to thank our strategic partners at NAI Dominion for their quick results in leasing our 12,000 sqft industrial property in Chesapeake, Virginia. CHESAPEAKE, VIRGINIA: NAI DOMINION, announces the completion of the following transaction in the Hampton…
  • How Technology is Revolutionizing CRE Investing
    "Commercial real estate investing is a growing industry where personal relationships are pivotal—and these relationships are commonly built via face-to-face meetings and document-heavy correspondence. Sponsors and investors have typically exchanged information through low-tech and high-touch channels, without a great reliance…
  • Class-B, Suburban Class-A Apartments Properties Gain Momentum
    Very interesting article by Bendix Anderson of National Real Estate Investor, regarding Class-B, Suburban Class-A Apartment Properties. Apartment Building "Class-A apartments in core neighborhoods may no longer be the best investment in today’s market. Vacancy rates are rising for to…