Deep-water terminal sold for $8.15 million

Ruth Industrial LLC buys 55-acre property in Chesapeake

Kate Andrews //December 19, 2019//

Ruth Industrial LLC buys 55-acre property in Chesapeake

Kate Andrews //December 19, 2019//

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A 55-acre deep-water terminal in Chesapeake has been sold to Norfolk-based Ruth Industrial LLC for $8.15 million, Cushman & Wakefield | Thalhimer announced this week.

The property at 700 Rosemont Ave. includes about 60,000 square feet of industrial space and a 400-foot concrete pier. The seller is OEP Rosemont LLC, based in Atlanta, which bought the terminal from HG Receiver LLC in March 2017 for $7 million.

Bobby Phillips and William Throne of Cushman & Wakefield | Thalhimer represented the seller.

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