Henrico office, warehouse building sells for $12.4M
LabCorp, Technology Integration Group anchor Villa Park I
A flexible property with warehouse and lab buildouts in Henrico County sold for $12.4 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday.
Located at 8040 Villa Park Drive in the Villa Park Business Park, Villa Park I is a 74,862-square-foot property. The property was 94% leased at the time of the sale, with three tenants. The two anchors are Laboratory Corporation of America (LabCorp) and Technology Integration Group. LabCorp’s space is the company’s regional medical lab testing hub for Central Virginia. Technology Integration Group leases 45% of the property.
ABMAR Villa Park LLC bought the property from 8040 Villa Park LLC. Eric B. Robison and Bo McKown, of Cushman & Wakefield | Thalhimer’s Capital Markets Group, and Graham Stoneburner, with Thalhimer, represented the seller.