Global Development Co. Acquires 10 Acres Of Land In Williamsburg, VA For $1.6M

The recently closed property transaction in Williamsburg, VA involves a land asset spanning 10 acres. The property, located at 8985 Pocahontas Trail, was sold for a total of $1,610,000. With a total area of 4,000 square feet, the land is valued at an average price per square foot of $403.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $1,610,000
• Address: 8985 Pocahontas Trail, Williamsburg, VA
• Market: Williamsburg, VA
• Acres: 10

The buyer in this transaction is Global Development Co., LLC, while the seller is Southern Company Gas. The deal was facilitated by the team at Cushman & Wakefield, represented by Kenneth D. Penrose, Jr, Robert L. Phillips, Jr. SIOR, and Ellis Colthorpe.

This successful transaction highlights the collaboration between Global Development Co., LLC as the buyer and Southern Company Gas as the seller. The involvement of the experienced brokers, Kenneth D. Penrose, Jr, Robert L. Phillips, Jr. SIOR, and Ellis Colthorpe from Cushman & Wakefield, played a crucial role in facilitating the deal.