Industrial Realty Group, LLC Acquires 1401 Progress Road Industrial Facility In Suffolk For $5.595M

1401 Progress Road is a 100,160-square-foot industrial facility situated on 13.95 acres in Suffolk, Virginia. The property was sold for $5,595,000, which translates to a price per square foot of $56.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,595,000
• Address: 1401 Progress Road
• Market: Suffolk, VA
• Acres: 13.95
• Square Footage: 100,160
• Price per Square Foot: $56
• Buyer: Industrial Realty Group, LLC
• Seller: Berry Plastics Design, LLC
• Brokers: Geoffrey Poston & Taylor Anderson - Cushman & Wakefield

Geoffrey Poston and Taylor Anderson of Cushman & Wakefield represented the parties in this transaction, facilitating the sale of the industrial/distribution facility from Berry Plastics Design to Industrial Realty Group as an investment.