Posted by Bryce Meyers on 6/24/2015 on Costar
Years after coming together on a $100 million transaction in Richmond, Lingerfelt CommonWealth Partners and former parent company Liberty Property Trust have again struck a $100 million deal in the State of Virginia, with Liberty this time exiting the Hampton Roads office market with the sale of its 1.32 million-square-foot portfolio for $110.3 million.
In 2011, Liberty sold 14 suburban Richmond office buildings totaling 919,000 square feet to Lingerfelt. In Hampton Roads, the firm has sold 20 office buildings, two flex buildings and 3.099 acres of land across six major area submarkets.