Three-building office portfolio in Chesapeake sells for $8.4M

The property is located in the Greenbrier submarket.

Published February 13, 2020 by Sydney Lake

Three office buildings in Chesapeake have sold for $8.4 million, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International.

The three-building portfolio in the Greenbrier submarket was sold by Virginia Beach-based Davenport Group Real Estate Inc./Lefcoe Development Co. The property at Volvo Parkway was 95% occupied at the time of the sale and tenants include Alutiiq LLC, Atlantic Orthopaedic Specialists and Burdette Beckmann Inc.

The property was sold to a private investor by Colliers Virginia President J. Scott Adams who represented the Davenport Group and Lefcoe. 

Colliers has more than 14,000 employees and operates in 68 countries. In 2018, its corporate revenues were recorded at $2.8 billion.