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AION Partners has completed the $25-million sale of Hickory Point, a 175-unit multifamily property in Newport News, VA.

Cushman & Wakefield Reps AION Partners in $25M Sale of Newport News Community

Cushman & Wakefield has arranged the $25-million sale of Hickory Point, a 175-unit multifamily property located at 399 Hickory Point Boulevard in Newport News, VA.

Jorge Rosa and TJ Liberto of Cushman & Wakefield represented the seller, New York, NY-based AION Partners multifamily real estate company, in the transaction.

“Hickory Point’s unparalleled access to employment, transportation and retail made this a rare value-add investment opportunity,” said Rosa. “These townhouse-style apartments are ideally located in one of the fast-growing and most desirable submarkets within the Hamptons Road region.”

The 175,600-square-foot property consists of 172 two-bedroom apartments and three three-bedroom apartments. Units feature private entrances, modern kitchen and bathrooms, built-in microwaves and washer and dryer connections. Amenities include a swimming pool and cabana.

The asset is located less than 15-minutes from Patrick Henry Mall and an array of retail, dining and entertainment options. The property is located near Interstate 64 and the Newport News/Williamsburg International Airport.


Inside The Story

Cushman & Wakefield's Rosa

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.