Chesapeake, VA — Cushman & Wakefield | Thalhimer and Cushman & Wakefield in Washington, DC represented the sellers, DSC Partners, and Iron Point Partners in the sale of an industrial/flex portfolio located in Chesapeake, VA.
The five-building portfolio, on four parcels, comprises 508,814 s/f, including warehouse space, laboratory space, and open office space. An additional ±2.59-acre parcel provides additional parking.
Buildings included in the portfolio:
- Battlefield Corporate Center, 535 Independence Pkwy. | 96,720 s/f
- Greenbrier Technology Center I, 814 Greenbrier Circle | 97,194 s/f
- Greenbrier Technology Center II, 816 Greenbrier Circle | 82,229 s/f
- Greenbrier Circle Corporate Center
• 825 Greenbrier Circle, 126,874 s/f
• 1801 Sara Dr. 105,797 s/f
Heritage Capital Group LLC, out of Ridgewood, NJ, acquired the portfolio on February 6, 2025, for $45 million. Eric Robison and Bo McKown of Thalhimer’s Capital Markets Group, and Eric Berkman and Kevin Sidney with Cushman & Wakefield’s Capital Markets team in DC, represented the seller. Financing was sourced from Cushman & Wakefield’s debt team, Michael Zelin, Marshall Scallan and Ryan McMahon.