388 Cook Boulevard LLC sold a 125,906-square-foot
industrial complex to 3800 Cook Warehouse LLC for
$3.4 million. The Cavalier Industrial Park facility
will be renovated for tenants with space needs of 18,000
to 60,000 square feet. (Press release)
Bay Warehouse LLC sold Bay Warehouse to 1400
Cavalier LLC for $13.2 million. The 300,000-square-foot
industrial complex is located in Chesapeake on a
20-acre parcel in Cavalier Industrial Park. (Press
release)
The Colonial Williamsburg Foundation announced
plans to sell land near Williamsburg's Merchants Square
to American Health Evaluation Centers LLC for a 23,000-square-foot
upscale health evaluation center to open in late 2006.
The foundation will receive $1.3 million in the deal. (Daily
Press)
Forest City Enterprises Inc.,
a Cleveland-based real estate development firm, bought
the Ballston Common
Office Center in Arlington. The 176,000-square-foot
facility is 99 percent leased and sits above Forest
City's Ballston Common Mall, a four-level urban retail
center. (Business Wire)
Investors Realty Company LLC sold a 27,500-square-foot
Norfolk industrial complex on Inventors Road to WRJ
LLC for 1.1 million. (Press release)
Lakeview Development Group LLC bought
the former FAG Bearings Corp. building on Suffolk's
Lake View Parkway to reuse for the U.S. Joint Forces
Command.
The 100,000-square-foot facility is 97% warehouse space
and 3% office space. It will be leased to the General
Services Administration and converted to 70% office
and lab space and 30% warehouse space. (Press release)
Verville Ventures LLC bought
the Crawford Building in Portsmouth's Central Business
District for $1.2 million. The 17,800-square-foot,
four-story office
building is 87 percent occupied by law firms and city
offices. (Press release)
