OFFICE BUILDING FOR LEASE CORPOR ATE CENTER V 4425 Corporation Lane, Virginia Beach, Virginia NOTABLE OFFICE TENANTS
VIRGINIA BEACH / TOWN CENTER
The Town Center of Virginia Beach is an ongoing, multi-phase development that started in 2000 as a public-private partnership between the City of Virginia Beach and Armada Hoffler Properties. The mixed-use project spans 17 pedestrian-friendly blocks and features an eclectic mix of upscale retail, dining, Class A office space, luxury residences, as well as entertainment and cultural venues. The Town Center of Virginia Beach represents the city’s emerging downtown core. With more than 50 percent of tenants new to Virginia Beach and over 30 percent new to Coastal Virginia, this signature project serves as an economic catalyst for both the city and the broader region.
NOTABLE RETAIL TENANTS
SUBMARKET STATS (Q4 2022) 2.4M Square Feet of Inventory $25.62 Average Market Rent Per Square Foot ZERO SF Under Construction 1.5% Annual Rent Growth 11.6K SF 12 Month Net Absorption $178 PSF Market Sale Price 8.6% Vacancy Rate $19.1M 12 Month Sales Volume
OVER $ 900 MILLION
IN DEVELOPER AND CITY INVESTMENT SINCE 2003
NOTABLE FACTS
PEMBROKE MALL, TOWN CENTER
400+
HOTEL KEYS
25
ACRES SPANNING 20 CITY BLOCKS
500,000SF
750+
LUXURY APARTMENTS
OF UPSCALE RETAIL
25+
800,000SF
RESTAURANTS
OF CLASS A OFFICE
TOWNCENTER STREETSCAPE
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