Continental Parkway expands its portfolio in Virginia Beach with purchase of two buildings
- December 19, 2011
Continental Parkway LLC, an affiliate of Continental Properties Corp., has purchased two multi-tenant, office-warehouse buildings in Virginia Beach for $5.4 million. The buildings, Parkway 3 and 4 located at 2697 International Parkway, offer 64186 square feet and were purchased as an investment.
The seller was an affiliate of Rosemont Realty Inc., based out of Santa Fe, New Mexico. Katherine Campbell, of Cushman & Wakefield | Thalhimer handled sale negotiations on behalf of Rosemont and procured Continental Parkway as the buyer.
Since its founding in Virginia Beach in 1973, Continental Properties Corp. has been a principal in the acquisition and development of 9 million square feet of commercial and industrial properties located in 17 states. Rosemont Realty also is a major player in commercial property acquisition and asset management, with operations in more than 28 states.