COVID-19 Business Recovery
COVID-19 Business Resources
Colliers International Completes Sale of 107,000-Square-Foot  Commonwealth Warehouse in VA Beach

Colliers International Completes Sale of 107,000-Square-Foot Commonwealth Warehouse in VA Beach
Colliers International Completes Sale of 107,000-Square-Foot Commonwealth Warehouse in VA Beach
Colliers International Completes Sale of 107,000-Square-Foot  Commonwealth Warehouse in VA Beach
Patrick Gill represents seller in $5.2 million transaction

Colliers International represented the Virginia Pilot Media Companies in the sale of 5457 Greenwich Road, Virginia Beach to Tempus Virginia Beach for $5.2 million. Patrick Gill, senior vice president with Colliers International, represented the seller.

The distribution warehouse consists of 107,000 square feet on 6 acres and is visible from I-264. Tempus plans to make numerous upgrades to the building, which was originally constructed in 1975. The building has approximately 68,000 square feet available for lease. Lang Williams, SIOR, senior vice president, and Gill with Colliers International are marketing the available space for lease. Colliers International will also handle the property management and building maintenance services for the property.

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

 

Archive
Join Us
Youtube Icon
Linkedin Icon
Instagram Icon
Contact Icon