Easterly Government Properties Acquires Cox Road Office Portfolio In Glen Allen VA For $44.5M

The Cox Road Office Portfolio, comprising three properties at 5600, 5620 & 5640 Cox Road in Glen Allen, VA, was sold for $44.5 million. The total square footage of the portfolio is 300,364. The properties are fully leased and house long-term tenants, including Virginia agencies and Black Knight.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $44,500,000
• Square Footage: 300,364
• Price Per Square Foot: $148
• Buyer: Easterly Government Properties
• Seller: Onward Investors
• Brokers: Will Bradley & Mark Williford - Newmark

This transaction was notable for the value increase from $31.7 million in 2024, indicating a significant appreciation over the period. Will Bradley and Mark Williford from Newmark facilitated the deal on behalf of the parties involved.