Deep-water terminal sold for $8.15 million
Ruth Industrial LLC buys 55-acre property in Chesapeake
A 55-acre deep-water terminal in Chesapeake has been sold to Norfolk-based Ruth Industrial LLC for $8.15 million, Cushman & Wakefield | Thalhimer announced this week.
The property at 700 Rosemont Ave. includes about 60,000 square feet of industrial space and a 400-foot concrete pier. The seller is OEP Rosemont LLC, based in Atlanta, which bought the terminal from HG Receiver LLC in March 2017 for $7 million.
Bobby Phillips and William Throne of Cushman & Wakefield | Thalhimer represented the seller.