Industries Commercial Real Estate

Peninsula Business Center I and II sells for $5.2 million

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CBL Inc. has sold Peninsula Business Center I and II in Newport New to Tidewater Physicians Multispecialty Group P.C. for $5.2 million.

According to the Hampton Roads office of CBRE, the two contiguous, single-story buildings in the Oyster Point area total 62,361 square feet and are 97 percent leased.

Major tenants include WorldPac, the state of of Virginia and International Tile & Marble.

J. Scott Adams and Dan Slater of CBRE|Hampton Roads represented the seller in the transaction. Clark Baldwin of Harvey Lindsay Commercial Real Estate represented the buyer.

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