PORTSMOUTH, VIRGINIA, August 28, 2025 – Cushman & Wakefield | Thalhimer’s Capital Markets Group announces the sale of a multifamily portfolio including 311-315 North Street with eleven townhouses and Beacon Townhomes at 2609 Elliott Avenue with eighteen townhomes, in Portsmouth, Virginia.

311-315 North Street is in the heart of Olde Towne Portsmouth, within walking distance of the Elizabeth River and the famous seawall, providing easy access to all the surrounding amenities. Beacon Townhomes is located in the Historic Truxton District of Portsmouth, only two miles from the recently opened Rivers Casino.

8th Floor Holdings, LLC acquired the 29-unit multi-family portfolio from Beacon Townhomes LLC for $3,300,000 as part of a 1031 exchange. Clark Simpson and Erik Conradi of Thalhimer’s Capital Markets Group in Virginia Beach represented the seller.

For Further Information Contact:
Clark Simpson
Senior Vice President, Capital Markets Group
+1 757 213 4144
clark.simpson@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 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
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