RetroAIM Properties Purchases Office Building In Virginia Beach From 555 S Independence For $8.2M

The property asset involved in this transaction is an office located at 555 South Independence Boulevard in Virginia Beach, VA. The sale was completed for a total amount of $8,200,000, with a square footage of 61,528 and a price per square foot of $133.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,200,000
• Address: 555 South Independence Boulevard
• Market: Virginia Beach, VA
• Square Footage: 61,528
• Price Per Square Foot: $133
• Buyer: RetroAIM Properties, LLC
• Seller: 555 S Independence, LLC
• Brokers: Clark Simpson, Erik Conradi & Christine Kaempfe - Cushman & Wakefield

This transaction highlights the role of Cushman & Wakefield | Thalhimer, which brokered the sale of the property for RetroAIM Properties, facilitating the establishment of TST’s new corporate headquarters in this strategic location.