RICHMOND, VIRGINIA, October 30, 2025 – Cushman & Wakefield | Thalhimer’s Capital Markets Group represented the seller, Fernau LeBlanc, in the sale of Windsor Business Park V, 8555 Magellan Parkway, in Richmond (Henrico County), Virginia.

Windsor Business Park V is a 59,832 square foot Class A flex industrial asset ideally located off Interstate 95 within the highly sought-after Windsor Business Park in Richmond. The property is 100% occupied and triple-net leased to two creditworthy tenants who have both been in their spaces since original construction.

Built in 2007 and situated within Windsor Business Park—a 40-acre, six-building, 340,000 square foot business park leased to a diverse mix of medical, technology, and industrial service users—the property offers a best-in-class flex industrial environment with durable tilt-up concrete walls, 23’ warehouse clear heights, seven (7) total dock-high and drive-in doors (with an additional 13 knock-out loading positions), and plenty of employee parking. The property also offers excellent interstate and regional connectivity with immediate access to I-95 and I-295, Richmond’s primary beltways connecting the MSA to the entire East Coast.

Core Development Group acquired the asset on October 30, 2025, for $10,200,000. Eric Robison and Bo McKown of Thalhimer’s Capital Markets Group represented the seller.

For Further Information Contact:
Eric Robison
President
Capital Markets Group
+1 804 697 3475
eric.robison@thalhimer.com

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.
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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