WAYNESBORO, VIRGINIA, January 31, 2025 – Cushman & Wakefield | Thalhimer’s Capital Markets Group represented the seller, Hathaway Real Estate Investments, LLC, in the sale leaseback of a 30,750 square foot Class A warehouse on ± 8.25 acres located at 347 S. Oak Lane, off Interstate 64/81 in Waynesboro, VA, part of the Charlottesville MSA.

Hathaway Paper Company, a regional distributor of industrial paper, packaging, and maintenance supplies, entered into a long-term lease at closing and has been headquartered at the property for over 40 years; Hathaway Paper utilizes the facility for distribution, general warehousing, and packaging of products. The property is positioned within Waynesboro’s main industrial park with nearby large industrial users such as Blue Ridge Beverage, Estes Express Lines, Kenco Logistics, Lawrence Freight, Lineage Logistics, and Northrup Grumman’s brand-new electronics manufacturing and testing facility (2025 delivery).

The Lester Group, Inc. acquired the asset on January 31, 2025, for $5,550,000. Bo McKown and Catharine Spangler of Thalhimer’s Capital Markets Group represented the seller with assistance from John Pritzlaff and Jenny Stoner with Thalhimer’s Charlottesville brokerage team.

For Further Information Contact:
Bo McKown
Senior Vice President, Capital Markets Group
+1 804 697 3420
bo.mckown@thalhimer.com

About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs approximately 530 associates. Thalhimer represents, on behalf of its clients, a property portfolio of 54 million leasable square feet, management of more than 28 million square feet of commercial property, and nearly 12,000 multifamily units. In 2024, Thalhimer completed over 1,800 transactions with a transactional volume of more than $1.96 billion. Thalhimer is the region’s leading provider of 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.
Thalhimer’s Capital Markets Group is the region’s leading investment sales team made up of professionals focused solely on capital markets and the sale of income producing properties throughout Virginia. The team is experienced in office, industrial, retail and multi-family dispositions and since 2012 has completed 424 transactions totaling over $6.2 billion and over 66 million square feet.
To learn more, visit www.thalhimer.com.
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About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
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