
Capital Markets Group Completes $13MM Sale of Ground Leased Portfolio
HAYMARKET, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the Seller in the disposition of a best-in-class portfolio of three freestanding assets ground leased to CVS (NYSE: CVS | S&P BBB), Chick-fil-A, and Virginia National Bank (NASDAQ: VABK) in Haymarket, Virginia. The properties are situated on ±5.63 acres at the intersection of VA Route 15 and Washington Highway, just off of Interstate 66.
An affiliate of The Meladon Group acquired the assets on December 28, 2021, for $13,000,000. Sale negotiations were handled by Catharine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group along with John Pritzlaff of Thalhimer’s Charlottesville office.
About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, VA. The company has nearly 100 broker professionals and employs over 450 associates. Thalhimer represents, on behalf of its clients, a property portfolio of over 57 million leasable square feet, and management of over 30 million square feet of commercial property, and over 9,600 multifamily units. In 2020, Thalhimer completed over 1,700 transactions with a transactional volume more than $1.35 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services. The firm offers 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 or follow @Thalhimer on Twitter.
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 272 transactions totaling over $4.48 billion and over 54.2 million square feet.
Written on December 28, 2021