Chesapeake office building sells for $4.25M

50K-square-foot property sells to Hooked Group LLC

Published November 17, 2020 by Sydney Lake

661 Independence Parkway. Photo courtesy Colliers

An office building in Chesapeake has sold for $4.25 million, Colliers International announced Monday.

Located at 661 Independence Parkway, the 50,000-square-foot Class A office building sits on more than 11 acres in the Battlefield Commerce Park area.

Matsushita Real Estate Corp. of America sold the property to Hooked Group LLC, which plans to occupy part of the two-story building.

Hooked Group plans to occupy a portion of the building and will lease out the remaining space, according to Colliers. Agents did not yet have details about the amount of space the group would occupy and how much space it would lease to other tenants.

Executive Vice President Patrick Mugler and Senior Vice President Ricky Anderson with Colliers’ Norfolk office represented the seller in the transaction. George Fox, senior vice president of Virginia Beach-based real estate company Divaris Real Estate Inc., represented the buyer.