Regions Hampton Roads

Professional Business Building sells for $2.9 million in Newport News

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Municipal Partners II LLC has purchased the Peninsula Professional Building in Oyster Point Business Park in Newport News for $2.9 million.

According to Cushman & Wakefield | Thalhimer, the company bought the 30,000-square-foot, class A office building from Continental Rock Landing LLC as an investment.

Teresa Nettles of Thalhimer handled sale negotiations on behalf of the buyer.  Kenneth Penrose Jr. and Samuel W. Scott, Jr., also with Thalhimer, represented the seller.

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