Colliers Announces the Sale of 4500 Progress Road in Norfolk for $3,750,000


Colliers is pleased to announce the investment sale of 4500 Progress Road in Norfolk from Wheeler Commercial Properties LLC, based in Boston, to Club Forrest Acquisitions LLC, based in Virginia Beach, for $3,750,000.

The 66,000-square-foot industrial building is situated on a four-acre parcel. The building is occupied by Superior Distribution, a subsidiary of SRS Distribution that specializes in exterior residential building products, and Superior Pool Corp.

R. Worth Remick, SIOR, senior vice president, and Patrick Gill, senior vice president, with Colliers represented the seller. Ricky Anderson, executive vice president; Will Bradley, executive vice president, Ashton Williamson, senior vice president; and Lang Williams, senior vice president, with Colliers represented the buyer.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at, Twitter @Colliers or LinkedIn.

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