Franklin Johnston Group plans Va. Beach apartments
Developer will repurpose industrial building
The Franklin Johnston Group, based in Virginia Beach, has purchased a 37,500-square-foot industrial building in Virginia Beach with plans to redevelop it into apartments.
The building, which sits on 9.44 acres at 925 S. Military Highway, was sold by Wildwood Park LLC for $4.75 million.
Robert M. Thornton of Cushman & Wakefield | Thalhimer represented the buyer and William C. Throne, also with Thalhimer, represented the seller.