Chesapeake office building sells for $7.5M

The Runnymede Corp. purchases Crossways Commerce Center IV

Published March 5, 2021 by Rich Griset

Virginia Beach-based property management company The Runnymede Corp. purchased Chesapeake office building Crossways Commerce Center IV for $7.5 million on Feb. 8.

Located at 1408 Stephanie Way, the 51,209-square-foot building was purchased from Washington, D.C.-based real estate investment company DSC Partners. The flex building is 91% occupied by Leidos Holdings Inc. and 9% occupied by corporate offices for 7-Eleven Inc.

Scott Adams and Michael Ettel of Colliers International were the selling brokers. TowneBank provided financing.