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Capital Markets Group Completes Sale of Windsor I for $$7.5M

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RICHMOND, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller in the sale of Windsor I, a single-story office flex building totaling 58,000 square feet, located at 8550 Magellan Parkway within the Windsor Business Park in Richmond, Virginia.
Windsor I, built in 1999, is 100% occupied by Bon Secours Nursing School and Patterson Dental Supply.  Windsor I is one of six buildings within the 62-acre Windsor Business Park. 
The Purchaser, JBW Windsor Investment Company, acquired the asset on March 1, 2019 for $7,500,000 ($130 per square foot) from Magellan Investors, LLC an affiliate of Fernau LeBlanc Investment Partners of Bethesda, Maryland and John B. Levy & Company of Richmond, Virginia. The sale was completed by Eric Robison, Senior Vice President of Cushman & Wakefield | Thalhimer’s Capital Markets Group in Thalhimer’s Richmond office and assisted by Evan Magrill, SIOR of the Cushman & Wakefield | Thalhimer leasing team. Gregg W. Beck, also with Thalhimer, represented the purchaser.