A portfolio of 11 buildings in the Glen Forest Office Park in Henrico County, including those in Bayberry Court, has been sold for $ 87 million, according to county court records. The 567,000 square feet of office space is located in eight Class A office buildings, one medical office building, and two Class B office buildings. The buildings, which are located next to Forest Avenue near the exit Glenside Drive from Interstate 64, have 86% overall occupancy rate leased to 89 tenants, according to Cushman & Wakefield | Thalhimer, who represented the seller in the case. The new owner is a partnership between Jack Sitt Realty of New York and Gulf Islamic Investments of Dubai. The buildings were owned by a subsidiary of Brookfield Asset Management Inc., which acquired them in 2018 as part of its purchase from Forest City Enterprises. Forest City bought them from several companies in the Pruitt family in 2007.
A portfolio of 11 buildings in the Glen Forest office park in Henrico County, including this one on Forest Avenue, has been sold for $ 87 million, according to county court records. The 567,000 square feet of office space is located in eight Class A office buildings, one medical office building, and two Class B office buildings. The buildings, which are located off Forest Hill Avenue near the Glenside Drive Exit of Interstate 64, Have 86% Overall Occupancy Leased to 89 Tenants, According to Cushman & Wakefield | Thalhimer, who represents the seller in the case. The new owner is a partnership between Jack Sitt Realty of New York and Gulf Islamic Investments of Dubai. The buildings were owned by a subsidiary of Brookfield Asset Management Inc., which acquired them in 2018 as part of its purchase from Forest City Enterprises. Forest City bought them from several companies in the Pruitt family in 2007.
A red and white sign indicating commercial space for rent.
Cushman and Wakefield | Thalhimer reports the following sales:
Commonwealth Trading Partners reports the following sales:
- Marwaha Sarup Singh LLC purchased 38,000 square feet at 2,500 and 2505 Pocoshock Place in Chesterfield from Sanadeema LLC for $ 2.4 million. Tucker Dowdy represented the seller.
- RCS Properties purchased 42,213 square feet at 7545 Midlothian Turnpike in Chesterfield from MW05 Richmond VA LLC for $ 4 million. Ben Bruni and Carl Blackwell represented the buyer.
- Virginia Electric and Power Co. purchased 11.8 acres at 212 Dry Bridge Road in Chesterfield from Watkins Land LLC for $ 530,000. Bill Barnett, Joe Buhrman and Chris Jenkins represented the seller.