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Paula C. Squires// November 2, 2015//
BayPort Credit Union has purchased a 98,506-square-foot, Class A office building in Newport News where it will relocate its corporate office. The purchase price was not disclosed.
The building is located at the corner of Oyster Point Road and Canon Boulevard. According to Cushman & Wakefield | Thalhimer, which represented the seller, Municipal Partners LLC, BayPort plans to open a full-service branch with drive-thru lanes and an ATM. It will occupy about 20% of the building as an owner/occupant.
The credit union, currently located in Newport News, has branches throughout Hampton Roads.
At the new location, the Newport News office of Cushman & Wakefield | Thalhimer occupies a suite on the first floor. It has retained the exclusive leasing and management assignment for the office building.
Teresa Nettles of Thalhimer’s Newport News office represented the seller in the transaction.
