RICHMOND, VIRGINIA, March 17, 2025 – Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller, Health Venture, LLC in the disposition of 4700 Puddledock Road in Prince George, Virginia.

4700 Puddledock Road is a 20,420 square foot Class A medical office property located in the Waterside Medical Center in Prince George, Virginia. The property is currently 100% leased to four tenants including Prime Care Family Practice, LabCorp, Virginia Cardiology Associates, and Virginia ENT. Elliott Bay Capital Trust, out of Seattle Washington, acquired the asset on March 17, 2025, for $6,840,000 ($335/SF). The sale was completed by Catharine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group.

For Further Information Contact:
Catharine M. Spangler
Senior Vice President, Capital Markets Group
+1 804 344 7140
catharine.spangler@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.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

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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