Five-building industrial portfolio sells for $9M

Structures are in Harrisonburg, Chesterfield County, Newport News, Virginia Beach

Katherine Schulte// October 1, 2021//

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A five-building industrial portfolio with buildings in Harrisonburg, Chesterfield County, Newport News, Virginia Beach and Durham, North Carolina, sold for just over $9 million Thursday, Glen Allen-based commercial real estate firm Commonwealth Commercial Partners LLC (CCP) announced.

ESAP LLC sold the portfolio to Drakadia Holdings LLC, a business entity registered to an eastern Henrico County address occupied by QTS, a data center company with a large presence in the state. QTS opened a 1.3 billion-square-foot data center in White Oak Technology Park near Richmond International Airport, where the company established an access point for three subsea fiber-optic telecommunications cables that come ashore in Virginia Beach and connect data networks in the U.S., Europe and South America.

Kit Tyler, a senior vice president at CCP, and Tucker “Nash” Warren, a senior associate, represented the seller. Alicia Patel with Keller Williams Realty represented the buyer.

The five buildings are leased by Capital Electric and other small tenants, with the buildings ranging from 17,100 to 39,917 square feet in size.

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