Gershon Investments Acquires Professional Center North Office In Virginia Beach For $3.2M

The office asset involved in the transaction is a 12,860-square-foot building located at 1125 First Colonial Road, situated in Virginia Beach, VA. It was sold for a total price of $3,200,000, equating to a price per square foot of $249.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $3,200,000
• Buyer: Gershon Investments, LLC
• Seller: Murray Wholesale Drug Corporation
• Broker: Rob Wright - Cushman & Wakefield
• Sale Date: 07/09/2026
• Square Footage: 12,860
• Price Per Square Foot: $249

Gershon Investments plans to renovate and occupy the property for Gershon Pain Specialists and related practices. Rob Wright of Cushman & Wakefield | Thalhimer represented the buyer in the transaction.