
Capital Markets Group Completes Sale of Four-Building Office Portfolio in Oyster Point Office Park
NEWPORT NEWS, VIRGINIA: Cushman & Wakefield | Thalhimer’s Newport News office in collaboration with Thalhimer’s Richmond based Capital Markets Group represented Rosemont Realty in the sale of a four-property, 133,482 square foot office portfolio, located within the Oyster Point Office Park in Newport News, Virginia.
Rock Landing Partners of Newport News, Virginia acquired the asset on December 8, 2015 for a sale price of $9,000,000. The sale was completed in a joint effort by Eric Robison of Cushman & Wakefield | Thalhimer’s Richmond office, and Teresa Nettles and Andy Dallas of Thalhimer’s Newport News office.
Located in the Peninsula’s most successful corporate office park, the portfolio consists of two Class A office buildings and two single-story office buildings: The Atrium, located at 11832 Rock Landing Drive ( 64,020 square feet); Rock Landing II, 11838 Rock Landing Drive (32,767 square feet); Rock Landing IV 11844 Rock Landing Drive (17,712 square feet); and Rock Landing V, located at 11846 Rock Landing Drive (18,983 square feet). The portfolio was over 83% leased at the time of the sale. Teresa Nettles & Andy Dallas of Thalhimer’s Newport News office will remain as the portfolio leasing team and will be joined by Thalhimer’s Property Services Group for Property Management.