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Washington DC  + DC Metro  + Industrial  | 
Jewell Capital, LLC, has acquired a 60,900-square-foot urban infill asset at 4840 Brookside Court in Norfolk, VA, for $7.3 million.

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.

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Colliers' Williford

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.

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