The city of Norfolk has purchased a 53,338-square-foot building from Rialto Capital Advisors for $4.5 million.
Cushman & Wakefield | Thalhimer reported Thursday that the Norfolk Community Services Board plans to occupy the facility, located at 7447 Central Business Park Drive.
The space is 66 percent leased to defense contractors, engineers and health-care related tenants. The sale was completed by Cushman & Wakefield | Thalhimer’s Rob Wright on behalf of the seller.
The commercial real estate firm also announced the sale of 2117 McComas Way in Virginia Beach. JFS Real Estate LLC bought the professional office/ medical building from Nimmo Partners LLC for $1.6 million. The 15,054-square-foot property was purchased as an investment. It sits on 1.34 acres.
