Real Estate

Lingerfelt Commonwealth Sells Virginia Beach Class A Industrial Distribution Building For $21.7M

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RICHMOND, Va., Nov. 16, 2020 /PRNewswire/ -- Lingerfelt CommonWealth Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the $21,695,000 sale of 1537 Air Rail Avenue in Virginia Beach. The building is a 320,000 square foot, Class A single tenant industrial distribution building, located near the Norfolk International Airport and Interstate 64. The sale closed on November 12, 2020. The purchaser is a family office client of Manchester Capital Management, LLC, a Charlottesville, Virginia wealth management and real estate advisory firm.