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BridgewayTechCenterI-001

Capital Markets Group Completes Sale of Bridgeway Technology Center I | $8.5M

SUFFOLK, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller in the sale of Bridgeway Technology Center I, a 123,407 square foot single-story office building, situated on 16.03 acres at 7025 Harbour View Blvd. in Suffolk, Virginia. 
Located within the Bridgeway Commerce Park, a 400-acre master planned project in the Harbour View submarket of Suffolk within close proximity to I-664, the property is 69% leased to a diverse tenant base including the U.S. Army, Maryview Medical Center (Bon Secours), Liberty Baptist Church and Western Tidewater Community Services Board. The office and industrial tenants in the immediate area include numerous Fortune 500 and credit tenants such as General Dynamics, the U.S. Department of Defense, Northrup Grumman and Lockheed Martin. 
Bridgeway 7025, LLC acquired the asset on April 22, 2020 for $8,500,000 ($69/SF). The sale was completed by Eric Robison of Thalhimer’s Capital Markets Group, with the assistance of Rob Wright and Christine M. Kaempfe, CCIM, SIOR, office specialists in Thalhimer’s Hampton Roads office.

Written on April 27, 2020