Virginia Port Authority buys industrial building for $3.1 million

Paula C. Squires //January 7, 2016//

Paula C. Squires// January 7, 2016//

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The Virginia Port Authority has purchased an 84,358-square-foot industrial property situated on nearly three acres in Norfolk for $3.1 million. The seller was Financial Way Realty.

According to Cushman & Wakefield | Thalhimer Inc., which announced the sale, the authority plans to use the building at 8031 Hampton Blvd. for port-related uses. It was previously used by a food broker for the military.

William Throne and Robert M. Thornton of Thalhimer handled the negotiations on behalf of the seller.

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