Criterion Group Acquires Industrial Properties Across Multiple States For $45.3M

The recently closed sale involved an industrial property located at 3340 W. Norfolk Road, 1593 Jessie Street, 139 Eastport Road, 8300 Moores Chapel Road, 1891 Jenkins Dairy Road, 101 Brookside Lane, 4600 & 4700 Highway 73 & 1286 Milledge Street. This property spans across 151 acres and is situated in various markets including Portsmouth, Virginia; Jacksonville, Florida; Charlotte & Gastonia, North Carolina; East Hartford, Connecticut; Port Arthur, Texas; and East Point, Georgia. The transaction was completed on 06/14/2022 and the sale price amounted to $45,300,000. Shibber Khan, representing the Criterion Group, acted as the buyer in this deal.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $45,300,000
• Address: 3340 W. Norfolk Road, 1593 Jessie Street, 139 Eastport Road, 8300 Moores Chapel Road, 1891 Jenkins Dairy Road, 101 Brookside Lane, 4600 & 4700 Highway 73 & 1286 Milledge Street
• Market: Portsmouth, Virginia; Jacksonville, Florida; Charlotte & Gastonia, North Carolina; East Hartford, Connecticut; Port Arthur, Texas; East Point, Georgia
• Buyer: Criterion Group - Shibber Khan

Criterion Group, represented by Shibber Khan, acquired the property for $45,300,000. This deal marks a successful transaction for both the buyer and the seller. NOTE: No additional details were provided regarding the property or the parties involved in the transaction.