M id A tlantic Real Estate Journal — November 13 - December 10, 2020 — 11A
www.marej.com
M id A tlantic R eal E state J ournal Thalhimer Realty Partners purchases Riverpoint Court Colliers Int’l. announces sale of 112 unit Virginia property
S U B M I T T O M A R E J P E O P L E O N T H E M O V E
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VIRGINIA BEACH, VA — G.S. (Hank) Hankins , senior vice
president; Victoria Pickett , first vice president; Charles Wentworth , senior vice presi- dent; Will Mathews , manag - ing director; Clay Ellis , as- sociate; and Garrison Gore , associate, with the Colliers National Multifamily Advi- sory Group represented the seller in two separate Virginia Beach transactions. In the first transaction B&W Properties sold Carolanne Terrace, a multifamily com - munity to MRKT Capital . The community includes 112 spacious two-bedroom, two- bathroom floorplans equipped with stackable washers and dryers. Historically well oc- cupied and often with a ten- ant waiting list, Carolanne Terrace has tremendous room for revenue growth through a strategic value-add program. The property is located at 5528 Carolanne Terrace in Virginia Beach between the Virginia Beach Town Center and downtown Norfolk offer- ing convenient access to major employers and the region’s top retail. In the second transaction,
Carolanne Terrace
Riverpoint Court
F E A T U R E : N E W L O C A T I O N S M I L E S T O N E S E V E N T S R E C E N T A W A R D S P R O M O T I O N S N E W H I R E S
Riverpoint Granby, LLC sold Riverpoint Court, a 32-unit multifamily development, from to Thalhimer Realty Partners . Constructed in 1945 to offer housing and education space for hospital staff, Riverpoint Court is located along bustling
Granby St. adjacent to Bon Secours DePaul Medical Cen- ter. The two-story property underwent significant resto - ration and redevelopment in 2008 providing spacious floor - plans and modern amenities while maintaining its historic charm. MAREJ
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