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Washington DC & Mid-Atlantic  + DC Metro  + Office  |  October 19, 2020
David Cohen
By: David Cohen

Drucker + Falk Snags Newport News Office Building for $5M

DF Ventures, a business unit of Drucker + Falk, has acquired a 77,377-square-foot office building in Newport News, VA. The sales price was $4.9 million.

Located at 720 Thimble Shoals Blvd., the property is currently 48% leased and is situated at City Center at Oyster Point in Newport News. DF Ventures has a value-add strategy for the property, including renovating and modernizing the vacant space, curing deferred maintenance, enhancing curb appeal and leasing-up the vacancies.

Michael Shapiro of DF Commercial represented DF Ventures in the transaction. Peter Abraham of Harvey Lindsay represented the undisclosed seller.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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