Thalhimer reports sales of two commercial buildings in Hampton Roads
- January 12, 2012
Spring Water LLC has purchased the 183,814-square-foot, U. S. Food Service property in Virginia Beach for $5.2 million. The 15-acre site is located at the intersection of Diamond Springs Road and Northhampton Boulevard. Spring Water plans to demolish the building and build apartments on the site. Robert M.Thornton and William Throne of Cushman & Wakefield | Thalhimer handled sale negotiations for the buyer.
In another land sale in Hampton Roads, the Suttle Holding Corp. bought Hampton North II office building at 303 Butler Farm Drive in Hampton for $5.2 million as an investment.
The entity, created by a local Hampton family, purchased the 67,749-sqare-foot building on 7.5 acres from Hampton North I LLC and Hampton North II. John P. Duffy, Jr. of Cushman & Wakefield | Thalhimer handled sale negotiations on behalf of the seller.