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Carnegie Management and Development Corp. purchased 48.75-acre property
Sydney Lake //February 25, 2021//
Carnegie Management and Development Corp. purchased 48.75-acre property
Sydney Lake// February 25, 2021//
Nearly 50 acres of land along Route 1 and Interstate 95 in Spotsylvania County has sold for $8.5 million, Cushman & Wakefield | Thalhimer announced Wednesday.
The 48.75-acre parcel will be used to develop one of the nation’s largest Veterans Affairs facilities, according to Cushman & Wakefield | Thalhimer. Carnegie Management and Development Corp. will construct a 450,000-square-foot, four-story outpatient clinic at 5317 Jefferson Davis Highway to be used by the Department of Veterans Affairs.
Carnegie Management and Development purchased the land from SH-Thompson LP and JHD LLC; and Carnegie will also install 2,600 parking spaces on the site. The project is expected to create 550 jobs and construction is expected to begin this year and be completed in late 2023.
Jamie A. Scully of Cushman & Wakefield | Thalhimer represented the buyer, while Adam Nelson and Virgil G. Nelson, also with Thalhimer, represented the seller during the transaction.
