Cushman & Wakefield | Thalhimer is pleased to announce the sale of approximately 48.75 acres of land along Rt. 1 and I-95, at 5317 Jefferson Davis Highway, in Spotsylvania County, Virginia.
Carnegie Management and Development Corporation, an Ohio Corporation, purchased the acreage from SH-Thompson, L.P. and JDH, LLC for $8,500,000. The developer plans to construct one of the largest Veterans Affairs facility in the United States. The new 450,000-square foot four-story outpatient clinic, occupied fully by the U.S. Department of Veterans Affairs, will feature 2,600 parking spaces and create more than 550 jobs. Construction is expected to begin in 2021 and estimated to be complete in late 2023.
Jamie A. Scully, CCIM of Cushman & Wakefield | Thalhimer represented the purchaser; Adam Nelson and Virgil G. Nelson, CCIM, also with Thalhimer, handled the sale negotiations on behalf of the seller.
About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, VA; and Charleston, Columbia, and Greenville, SC. The company has over 100 broker professionals and employs over 425 associates. Thalhimer represents, on behalf of its clients, a property portfolio of over 57 million leasable square feet, and management of over 32 million square feet of commercial property, and over 9,600 multifamily units. In 2020, Thalhimer completed over 1,700 transactions with a transactional volume more than $1.35 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services. The firm offers comprehensive commercial real estate services including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties.
To learn more, visit www.thalhimer.com or follow @Thalhimer on Twitter.
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About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
