Chesapeake industrial/flex buildings sell for $61M
General Dynamics, Sentara among tenants
A three-building industrial/flex office complex in Chesapeake has sold for $61 million, Cushman & Wakefield | Thalhimer announced Thursday.
Washington, D.C.-based DSC Partners sold the property, which is 100% leased to several tenants, including General Dynamics and Sentara Healthcare, to a New Jersey firm, Heritage Capital Group, which owns Latitudes Apartments in Virginia Beach, among other properties on the East Coast.
Eric Berkman of Cushman & Wakefield’s Washington office and Eric Robison of Cushman & Wakefield | Thalhimer represented the seller. The properties, Crossways Commerce Center I and II, a three-building, 525,082-square-foot industrial/flex portfolio, are part of a 30-acre business park. The buildings are located at 1545 and 1501 Crossways Blvd. and 1449 Kristina Way.
In February, another building owned by DSC in the business park sold for $7.5 million to Virginia Beach property management company The Runnymede Corp.