{"id":1004185801,"date":"2017-08-03T07:21:28","date_gmt":"2017-08-03T15:21:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004185801"},"modified":"2022-12-08T11:28:16","modified_gmt":"2022-12-08T19:28:16","slug":"state-leased-office-portfolio-changes-hands-in-va","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/state-leased-office-portfolio-changes-hands-in-va\/","title":{"rendered":"State-Leased Office Portfolio Changes Hands in VA"},"content":{"rendered":"<p>By Evelina Croitoru<\/p>\n<div id=\"attachment_1004185802\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Southeastern-Virginia-Training-Center.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004185802\" data-attachment-id=\"1004185802\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/state-leased-office-portfolio-changes-hands-in-va\/southeastern-virginia-training-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Southeastern-Virginia-Training-Center.jpg\" data-orig-size=\"1504,1000\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;9&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D50&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1429720001&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;18&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.003125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Southeastern Virginia Training Center\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Southeastern-Virginia-Training-Center.jpg?w=1024\" class=\"wp-image-1004185802 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Southeastern-Virginia-Training-Center.jpg\" alt=\"Southeastern Virginia Training Center\" width=\"300\" height=\"199\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Southeastern-Virginia-Training-Center.jpg 1504w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Southeastern-Virginia-Training-Center.jpg?resize=300,199 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Southeastern-Virginia-Training-Center.jpg?resize=768,511 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Southeastern-Virginia-Training-Center.jpg?resize=1024,681 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004185802\" class=\"wp-caption-text\">Southeastern Virginia Training Center<\/p><\/div>\n<p>Divaris Real Estate Inc. announced that its investment sales group brokered the sale of a state-leased <a href=\"https:\/\/www.commercialsearch.com\/news\/divaris-grows-va-portfolio-with-1-3-msf\/\">Virginia office portfolio<\/a> on behalf of the seller, Armada Hoffler Properties Inc. Boyd Watterson Asset Management purchased the buildings for $13.2 million.<\/p>\n<h2>Footprint Increase<\/h2>\n<p>The seller developed the two buildings as build-to-suit projects for the Commonwealth of Virginia.\u00a0The portfolio consists of:<\/p>\n<ul>\n<li>Southeastern Virginia Training Center, a 36,227-square-foot building located at 2100 Steppingstone Square in Chesapeake, Va. The building serves as an Intermediate Care Facility, which provides highly structured habilitation services, including life in a residential neighborhood, care support\/training and learning opportunities.<\/li>\n<li>Probation and Parole Office, an 11,139-square-foot building located at 2520 Nimmo Parkway in Virginia Beach, Va.<\/li>\n<\/ul>\n<p>Vice President Jason Oliver and Senior Vice President Alex Divaris, both of Divaris Real Estate Inc., represented the seller in the transaction.<\/p>\n<p><em>Image courtesy of\u00a0Divaris Real Estate Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The portfolio consists of Southeastern Virginia Training Center\u2014a 36,227-square-foot building\u2014 and Probation and Parole Office\u2014an 11,139-square-foot building. <\/p>\n","protected":false},"author":1055,"featured_media":1004185802,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,11,21752,21742,36153],"tags":[33686,33079,37074,32768,33688],"class_list":["post-1004185801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midatlantic","category-mixed-use","category-latest","category-richmond-hampton-roads","tag-alex-divaris","tag-armada-hoffler-properties","tag-boyd-watterson-asset-management","tag-divaris-real-estate-inc","tag-jason-oliver"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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