News and
Blog

News and
Blog

11798 Lakeridge Pky_Creative Office

Capital Markets Group Completes Sale of Class A Distribution Building in Ashland for $9.1M

HANOVER COUNTY, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has recently completed the sale of a best-in-class industrial building in the Richmond market. The team represented CDH Properties, LLC in the sale of the Creative Office Environments building, an 88,003 square foot Class A industrial building, located at 11798 N. Lakeridge Parkway in Ashland, Virginia. The location serves as the headquarters for Creative Office Environments, the mid-Atlantic’s leading workplace interiors and technology provider. 
Located just one mile from I-95 the property sits within the Northlake Business Park, one of Richmond’s premier Class A industrial locations with Fortune 500 tenants such as Amazon, Pitney Bowes and Owens & Minor among numerous others.
One Liberty Properties, Inc. a publicly traded (NYSE symbol OLP) real estate trust based in New York acquired the asset on February 20, 2020. The sale price was $9,100,000.  The sale was completed by Eric Robison, Senior Vice President at Cushman & Wakefield | Thalhimer. 

Written on February 25, 2020