NEWPORT NEWS, VIRGINIA, October 26, 2026 – Cushman & Wakefield | Thalhimer is pleased to announce the sale of 11999 Jefferson Avenue in Newport News, Virginia.

Enterprise Leasing Co of Norfolk/Richmond, LLC purchased the 26,992 square foot retail building, situated on 2.94 acres, from Lloyd Allyn Julien Jr Revocable Trust for $6,400,000 for their Peninsula hub for auto leasing, sales & service facility.

Kenneth D. Penrose, Jr. of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.

For Further Information Contact:
Ken Penrose
Vice President
+1 757 596 3704
ken.penrose@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 545 associates. Thalhimer represents, on behalf of its clients, a property portfolio of 56 million leasable square feet, management of more than 21 million square feet of commercial property, and nearly 13,000 multifamily units. In 2025, Thalhimer completed over 1,880 transactions with a transactional volume of more than $2.04 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.
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 occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In 2025, the firm reported revenue of $10.3 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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