Seminole Trail Properties Finds a Path to Ownership of $35M Industrial Park in Suffolk
Seminole Trail Properties has acquired the Commonwealth Commerce Center, a 696,484-square foot, multi-tenant, nine-building industrial park located at 324-340 Moore Avenue in Suffolk, VA, for $33.5 million. The property is 100% leased to multiple tenants.
Cushman & Wakefield | Thalhimer represented the seller. Negotiations were handled by Eric Robison and Cathy Spangler of Cushman & Wakefield | Thalhimer along with David Dorros, Sean Hayes, and Christopher McGlone of Cushman & Wakefield.
Commonwealth Commerce Center benefits from its strategic location for logistics with one-day rail and highway access to 70% of the US population. The property is situated on ±36.597 acres and includes direct rail access via a NS/CSX rail spur and includes 85 dock doors with 28’ average clear heights.
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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