Cushman & Wakefield Facilitates $2.3M Sale Of Chesapeake Office Building On 1.19 Acres By Parkway Executive Center To 325 Volvo Pkwy, LLC, With Retail Redevelopment Plans

An office building located at 325 Volvo Parkway in Chesapeake, Virginia has been sold. The property, encompassing 11,892 square feet and situated on 1.19 acres, was purchased by 325 Volvo Pkwy, LLC from Parkway Executive Center for a total of $2,300,000. The transaction is notable as the buyers have plans for a retail redevelopment of the site.

Summary of Transaction Details:

• Property Type: Office
• Transaction Amount: $2,300,000
• Square Footage: 11,892 sq ft
• Address: 325 Volvo Parkway, Chesapeake, VA
• Market: Chesapeake, VA

Cushman & Wakefield | Thalhimer facilitated the sale of 325 Volvo Parkway. Representing the seller in the negotiation was Christine M. Kaempfe, while Wick Smith represented the purchaser.