{"id":1004755077,"date":"2025-04-22T06:38:31","date_gmt":"2025-04-22T14:38:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004755077"},"modified":"2025-04-22T07:55:32","modified_gmt":"2025-04-22T15:55:32","slug":"virgina-industrial-park-changes-hands-for-38m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/virgina-industrial-park-changes-hands-for-38m\/","title":{"rendered":"Virginia Industrial Park Changes Hands for $38M"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a148d8176003&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004755078\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/virgina-industrial-park-changes-hands-for-38m\/longwood-portfolio\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Longwood-Portfolio.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Longwood Portfolio\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The assets that are featured in the Longwood Industrial Park Portfolio. Image courtesy of Cushman &#038; Wakefield | Thalhimer&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Longwood-Portfolio.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Longwood-Portfolio.png?w=800\" alt=\"Collage of Longwood Portfolio buildings\" class=\"wp-image-1004755078\" style=\"width:348px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Longwood-Portfolio.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Longwood-Portfolio.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Longwood-Portfolio.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The four-building Four Mile Industrial Park is Spotsylvania County&#8217;s largest industrial park. <em>Image courtesy of Cushman &amp; Wakefield | Thalhimer<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Cushman &amp; Wakefield | Thalhimer brokered the sale of Four Mile Industrial Park, Spotsylvania County, Va.\u2019s largest industrial park. The global real estate firm worked on behalf of the site\u2019s owner, Longwood Holdings LLC, in the $38 million portfolio trade to an entity calling itself Longwood Owner LLC.<\/p>\n\n\n\n<p>The acquisition includes four buildings that total 221,000 square feet of light industrial and warehouse space in Fredericksburg, Va., a submarket of Washington, D.C. The properties on 35.7 acres were built in 1999 at 230 Industrial Drive, 11001 Houser Drive, 10935 Houser Drive and 11200 Houser Drive.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/faropoint-acquires-inland-empire-portfolio\/\" target=\"_blank\" rel=\"noreferrer noopener\">Faropoint Acquires Inland Empire Portfolio <\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>&#8220;The property is centrally located and ideal for warehouse distribution just off Route 1 and I-95 exit 126. With drive-in doors on the front and full tractor-trailer loading docks in the rear, the property is in high demand and 100 percent leased, with both national and local firms.&#8221; Senior Vice President Virgil Nelson, who brokered the sale for Longwood Holdings, told <em>Commercial Property Executive<\/em>.<\/p>\n\n\n\n<p>Fredericksburg is halfway between Richmond, Va., and Washington, D.C., and with the park located at the intersection of two major highways, it is central to the market. Tenants include Capital Electric, Lennox, Blossman Gas, Flowers Bakery and Midsouth Building Supply.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-industrial-portfolios-selling-in-virginia\">Industrial portfolios selling in Virginia<\/h2>\n\n\n\n<p>Cushman &amp; Wakefield | Thalhimer has seen a number of industrial portfolio sales recently. In Chesapeake, Va., Heritage Capital Group recently purchased a <a href=\"https:\/\/www.commercialsearch.com\/news\/heritage-capital-buys-hampton-roads-industrial-flex-portfolio\/\">five-property portfolio<\/a> for $45 million. With 37 companies operating out of the park, it was 84 percent leased.<\/p>\n\n\n\n<p>Additionally, nearby in Manassas, Va., Penzance purchased a <a href=\"https:\/\/www.commercialsearch.com\/news\/penzance-pays-55m-for-northern-virginia-portfolio\/\" target=\"_blank\" rel=\"noreferrer noopener\">212,086-square-foot industrial portfolio<\/a> across two parks. Previously owned by Davin Holdings and The David Cos., the portfolio went for $55 million. The acquisition is being used to support the growing demand for data center real estate within Prince William County.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The portfolio consists of four separate light industrial and warehouse buildings. <\/p>\n","protected":false},"author":3749,"featured_media":1004755078,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,11,21742],"tags":[33762],"class_list":["post-1004755077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-midatlantic","category-latest","tag-cushman-and-wakefield-thalhimer"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Virginia Industrial Park Changes Hands for $38M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Cushman &amp; 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