10A — October 12 - 25, 2018 — M id A tlantic
Real Estate Journal
www.marejournal.com
D el M ar V a
Marks the 1st. acquisition for the Rockford Fund IV Rockford Capital Partners acquires 100,632 s/f building
H
AMPTON, VA — Rockford Capital Partners announced
the acquisition of 400 Butler Farm Rd., an institutionally owned office building located in Hampton. Rockford Capital acquired the property on be- half of its affiliated value-add investment vehicle, Rockford Real Estate Fund IV (Rockford Fund IV). This marks the first acquisition for the recently- launched Rockford Fund IV. The seller, an affiliate of Lex- ington Realty Trust , was represented by J. Scott Adams of CBRE Hampton Roads in the transaction. 400 Butler Farm Rd is a sin- gle-story, 100,632 s/f building that is currently 100% leased. The building is occupied by a di-
400 Butler Farm Rd.
vision of Wisconsin Physicians Service Insurance Corporation. “The Butler Farm Rd. trans- action provides Rockford Fund IV with excellent in-place yield coupled with long-term upside potential,” said Doug Motley , principal of Wilmington-based Rockford Capital. “This invest- ment is consistent with our approach of acquiring high- Realty negotiated the transac- tion on behalf of the tenant, and Ketch Secor of CBRE represented the landlord. Specializing in flexible auto- mation, Conveyor & Automa- tion Technologies engineers, manufactures and imple- ments customized, integrated production lines with state-of-
quality, well-located office as- sets in submarkets with limited supply and positive business activity.” The property is located in the master-planned Hamp- ton Roads Center submarket, which features numerous ame- nities, provides easy access to I-64, and sits in close proximity to Langley Air Force Base. the-art controls. “This new building gives us the room we need today as well as room for future expansion,” said Lilly Sari- kas, president of Conveyor & Automation Technologies. “As our customers’ needs grow, our ability to serve them will grow accordingly.”
SPARKS, MD — Blue & Obrecht Realty, LLC / CORFAC International has facilitated the lease of 47,000 s/f of flex space on behalf of Conveyor & Automation Technologies at 66 Loveton Circle in Sparks. Patrick Smith and Richard Blue, Jr., SIOR of Blue & Obrecht Blue & Obrecht Realty negotiates 47,000 s/f lease
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