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Jewell Capital Commits $7M to Own 61K-SF Industrial Asset in Norfolk
Miami, FL-based Jewell Capital, LLC, has acquired Brookside Industrial, a 60,900-square-foot urban infill asset at 4840 Brookside Court in Norfolk, VA, for $7.3 million.
Mark Williford, Will Bradley, and Scott Adams, of Colliers represented the seller, Baltimore, MD-based Helmsman Properties.
“Well-located, highly functional small bay industrial assets provide compelling fundamentals and continue to command significant interest from both institutional and private capital,” said Williford.
The Norfolk Industrial Park property is 100% leased to the regional distribution hubs for the NB Handy Company and Transtar Industries. According to Colliers, the immediate submarket is home to over 6.8 million square feet of warehouse, distribution and manufacturing facilities for some of the nation’s leading brands with immediate access to the broader Hampton Roads MSA.
- ◦Sale/Acquisition
