Oyster Point office buildings in Newport News have new owner
Holliday Fenoglio Fowler L.P. (HFF) has closed on the sale of One and Two Oyster Point office buildings in Newport News. Suttle Holding Corp., a local company, purchased the two properties for $6.2 million.
HFF marketed the properties, which totaled 75,172 square feet on behalf of the seller, CBL & Associates Properties Inc.
One and Two Oyster Point are located within Oyster Point Park off Interstate 64. The location is close to the Norfolk International Airport, Newport News/Williamsburg International Airport, the Port of Virginia and the Department of Defense as well as numerous retail amenities.
One Oyster Point has 36,272 square feet and Two Oyster Point has 38,900 square feet. According to HFF, the properties are about 79 percent leased to local, regional and national tenants.
Director Scot Humphrey and Senior Managing Director Ryan Clutter lead the HFF investment sales team. Mike Mausteller of Harvey Lindsay Commercial Real Estate in Newport News represented the buyer.