Industrial facility in Virginia Beach sells for $8.5 million
A local investment group from Hampton Roads has purchased a 400,000-square-foot industrial manufacturing and distribution facility located in Virginia Beach for $8.5 million.
According to Harvey Lindsay Commercial Real Estate, which brokered the deal, the building at 1440 London Bridge Rd. includes two 200,000-square-foot warehouses on 33 acres, with 10 acres reserved for future development. It is the largest industrial facility available in Hampton Roads.
Lindsay W. Himelright of Harvey Lindsay Commercial Real Estate handled the sale negotiations representing the seller, General Foam Plastics Corp. John Lee & Associates represented the buyer.