CBRE brokers sale of Williamsburg portfolio
CBRE|Hampton Roads announced the sale Wednesday of a multi-faceted portfolio in Williamsburg that included apartments, townhomes and a 114,000-square-foot retail center.
According to CBRE, a global real estate investment manager sold the portfolio in separate transactions to three individual buyers. The offering, located at the corner of Richmond and Ironbound Roads, included Sterling Manor-Apartments, the Townhomes at Treyburn, The Shops at High Street and 20.9 acres of residential land located in the High Street mixed-use development.
Sterling Manor Apartments and the Townhomes at Treyburn, built in 2008, are a mixture of 191 apartment units and 16 rental townhomes. The property was sold to Chaucer Creek Capital for an undisclosed price.
The Shops at High Street is a retail center anchored by a 33,864-square- foot Movie Tavern. The center offers an additional 96,694 square feet of retail expansion space. Lamar Companies purchased the retail components.
Commonwealth Properties purchased the 20.9 acres of developable multi- and single-family land. CBRE agents from Washington, D.C., Hampton Roads, and Charlottesville, including Robert Dean, Bill Kent, Dan Johnson, John Sheridan, Jonathan Greenberg, Ryan Sciullo, Victoria Pickett and Jay O’Donnell handled the sales transaction.