VIRGINIA BEACH, VIRGINIA, July 10, 2025 – Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller, 555 S Independence, LLC in the sale of 555 S. Independence Blvd. in Virginia Beach, Virginia.

The 61,528 square foot office building is located within the highly desirable Pembroke submarket in Virginia Beach and was sold to an owner/user, TST, a general contractor, insulation, hazardous material abatement, and demolition services company for its corporate headquarters.

RetroAIM Properties, LLC acquired the asset on July 10, 2025, for $8,200,000. The sale was completed by Clark Simpson and Erik Conradi of Thalhimer’s Capital Markets Group and Christine M. Kaempfe, SIOR, of Thalhimer’s Office Services team.

For Further Information Contact:
Clark Simpson
Senior Vice President, Capital Markets Group
+1 757 213 4144
clark.simpson@thalhimer.com

About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs approximately 530 associates. Thalhimer represents, on behalf of its clients, a property portfolio of 54 million leasable square feet, management of more than 28 million square feet of commercial property, and nearly 12,000 multifamily units. In 2024, Thalhimer completed over 1,800 transactions with a transactional volume of more than $1.96 billion. Thalhimer is the region’s leading provider of 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.

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 424 transactions totaling over $6.2 billion and over 66 million square feet.
To learn more, visit www.thalhimer.com.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
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