Power Train Industries Inc Leases 101,000-Square-Foot Industrial Space In Virginia Beach

Power Train Industries Inc., a subsidiary of Dorman Products Inc., has leased a 101,000-square-foot industrial space in Virginia Beach at 464 Progress Lane within Oceana East Industrial Park. The property, owned by The Miller Group, was leased at an asking rent of $12.5 per square foot.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: Lease
• Address: 464 Progress Lane, Virginia Beach, VA
• Market: Virginia Beach, VA
• Tenant: Power Train Industries Inc
• Landlord: The Miller Group
• Broker: John Lee - John Lee & Associates

The lease agreement between Power Train Industries Inc. and The Miller Group for the 101,000-square-foot industrial space at 464 Progress Lane was facilitated by John Lee of John Lee & Associates. This transaction represents a significant move for Power Train Industries Inc., allowing them to expand their operations within Oceana East Industrial Park. The lease agreement is expected to provide Power Train Industries Inc. with the necessary space and facilities to support their business operations in Virginia Beach.