
Former Gear World Facility Fully Leased; Subsequently Sold
VIRGINIA BEACH, VIRGINIA: Cushman & Wakefield | Thalhimer is pleased to announce the leasing and subsequent sale of the former Gear World Manufacturing Facility located at 2505 International Parkway in Virginia Beach, Virginia.
Cushman & Wakefield | Thalhimer represented the landlord in the lease of the 89,445 sq.ft. property to VT Milcom, Inc. The 14-acre property was subsequently purchased by 2505 International, LLC from MG Mini Gears Properties, LLC for $4,500,000 as an investment.
Tony Weiss, Patrick L. Mumey, SIOR and Geoff Poston of Cushman & Wakefield | Thalhimer handled both the leasing & sale negotiations on behalf of the landlord and the seller.