Thalhimer reports sales of two industrial properties in Hampton Roads
The former Shorewood Packaging facility in Newport News has sold to Municipal Partners III LLC for $4 million. The company bought the 266,611–square-foot industrial property on 23.3 acres from International Paper Co. for $4 million as an investment, according to Cushman & Wakefield | Thalhimer.
Thalhimer’s Robert M. Thornton handled the sale negotiations on behalf of the seller.
In another deal, G Street and Associates LLC bought an 83,204-square-foot warehouse property on 8.9 acres in Hampton from Pembroke Properties Inc. for $1million as an investment.
Thalhimer’s Clay Culbreth handled the sale negotiations on behalf of the buyer.