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Land Sold for Development of 180-Unit Apartment Community
Norfolk, VA - August, 2010Thalhimer, a Member of the Cushman & Wakefield Alliance, is pleased to announce the sale of approx. 7.70 acres of land situated at 1560 International Boulevard in Norfolk, Virginia.
Edward Street, LLC purchased the land from Park Crescent Associates Limited Partnership for $2,500,000 for the development of apartments. Their plan is to construct a 180-unit, $20.7 million upscale apartment community to be called Meadowood Apartments.
Robert M. Thornton, CCIM, SIOR, CRE and William Throne, CCIM, SIOR, ALC of Thalhimer handled the sale negotiations.
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