Concourse office building in Norfolk sells for nearly $57 million

Published March 7, 2016 by Paula C. Squires

JLL reports several recent transactions in the Hampton Roads market totaling 436,003 square feet. The largest deal was the sale of the Concourse, a 315,000-square-foot office building at 5800 Northampton Blvd. in Norfolk that sold for $56.8 million.

According to JLL, the property is 100 percent net leased to Amerigroup. The identity of the buyer was not disclosed. Gregg Christoffersen and Deborah Stearns were part of the JLL Capital Markets team representing the seller.

In other deals:

Prism Maritime LLC renewed its lease of 24,700 square feet at 1416 Kelland Drive in Chesapeake. Stearns and Wesley Edwards represented the tenant.

Brown and Caldwell leased 16,605 square feet at 301 Bendix Rd. in Virginia Beach. Christoffersen represented the tenant.

Ferguson Enterprises Inc. leased 14,000 square feet at 5781-B Arrowhead Drive in Virginia Beach. Erin Corrie represented the tenant.