Industries Commercial Real Estate

Two-story office property sells for $1.5 million in Virginia Beach

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1439 Great Neck Road courtesy Davaris Real Estate Inc.

A two-story, 11,450-square-foot office building at 1439 North Great Neck Road in Virginia Beach has sold for  $1.57 million.

According to Divaris Real Estate Inc. (DRE), which brokered the sale, the seller was SLM Investments LLC and the buyer was 1439 Associates LLC.

The buyer’s firm, EDC Homes – one of the fastest growing homebuilders in the Hampton Roads area – will occupy the building’s second floor.

DRE also completed a 6,104-square-foot lease with Axis Global Enterprises Inc. to occupy the remainder of the building.  Vivian Turok and Jason Oliver of Divaris represented the landlord while George Fox, also with DRE, represented the tenant.  Axis Global provides construction and security technology solutions to a variety of clients.

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