Capital Markets Group Arranges $32M Sale of 378,000 SF Distribution Center in the Roanoke MSA
Class A Single-Tenant Distribution Center in Elliston, Virginia
ROANOKE, VIRGINIA, August 21, 2026 – Cushman & Wakefield | Thalhimer’s Capital Markets Group represented the seller, Brennan Investment Group, in the sale of Rowe Furniture Distribution Center, a 378,720 square foot fulfillment and distribution facility located along the Southern Virginia I-81 corridor outside of Roanoke, VA at 2121 Gardner Street in Elliston, Virginia.
The Class A facility is strategically located just off Interstate 81 and serves as Rowe Furniture’s sole U.S. distribution center and corporate headquarters. Rowe Furniture, a leading manufacturer of custom upholstered furniture, has occupied the property for more than 20 years. The fully air-conditioned warehouse asset benefits from modern distribution specs including 29’-35’ clear heights, ESFR sprinklers, abundant auto and trailer parking, and cross dock configuration with 36 total loading doors.
Manakin Holdings, a private Virginia family office, acquired the property on August 21, 2026, for $32 million.
Bo McKown and Eric Robison of Thalhimer’s Capital Markets Group represented the seller in the transaction. Davis Stoneburner of Thalhimer’s Industrial Services Group in Roanoke provided leasing advisory services.
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 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.
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 473 transactions totaling over $6.7 billion and over 70 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 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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