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Colliers Announces the Sale of 4500 Progress Road in Norfolk for $3,750,000

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Colliers is pleased to announce the investment sale of 4500 Progress Road in Norfolk from Wheeler Commercial Properties LLC, based in Boston, to Club Forrest Acquisitions LLC, based in Virginia Beach, for $3,750,000. 

The 66,000-square-foot industrial building is situated on a four-acre parcel. The building is occupied by Superior Distribution, a subsidiary of SRS Distribution that specializes in exterior residential building products, and Superior Pool Corp.  
 
R. Worth Remick, SIOR, senior vice president, and Patrick Gill, senior vice president, with Colliers represented the seller. Ricky Anderson, executive vice president; Will Bradley, executive vice president, Ashton Williamson, senior vice president; and Lang Williams, senior vice president, with Colliers represented the buyer. 
 

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Worth Remick

Senior Vice President

Norfolk - Main

Worth Remick has 35 years of experience in industrial leasing, sales, development and tenant/buyer representation. He has leased or sold over 29 million square feet of industrial, flex and office properties. He is a member of the Society of Industrial and Office Realtors (SIOR) and has focused on port logistics, defense contracting, food manufacturing and distribution, and maritime developments. Worth has been a long-time member of the Hampton Roads Association for Commercial Real Estate (HRACRE), and has been involved in numerous charitable organizations, such as South Hampton Roads Habitat for Humanity where he spent 13 years on the Board of Directors, his church’s Vestry and Winter Shelter, and on the Boards of Green Run Collegiate, Virginia Beach Community Development Corporation, and Virginia Beach Vision. He received his degree in Humanities from Hampden-Sydney College where he was a member of the tennis team for 4 years.

Much of Worth’s focus is on representing owners who desire to obtain tenants/buyers or who want to maintain or increase the value of their holdings. His experience through the years, during both strong and weak markets, provides him and his clients with the proper perspective and marketing tools to create, realize and maintain value. He also has worked as Tenant and Owner Representative for Smithfield Foods, Ferguson, Dollar Tree Stores, IMS Gear, and Katoen Natie (KTN). A native of the region, Worth is very familiar with the geography, business climate, and regional economic engines (port/trade and defense contracting) and has numerous contacts to assist him with his daily work.

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Patrick Gill

Senior Vice President

Norfolk - Main

Patrick Gill is Senior Vice President and leading member for the Colliers Norfolk Investment Properties Group.

Patrick has 32 years experience in the commercial real estate industry as a broker, developer, consultant, and manager. Patrick has provided real estate development and investment advice to numerous clients. These clients include Ford, Disney, Gateway, Dominion Resources, Visteon, Sears, Wells Fargo, SunTrust, BB&T, and the Bank of Hampton Roads. Since opening the Hampton Roads office of CBRE in 1998, Patrick has negotiated sales and leases with an aggregate value in excess of $1 billion dollars.

As a developer and owner of office, industrial and multifamily properties, Patrick has a unique understanding of how to create and preserve the value of income producing real estate.

Patrick’s professional affiliations include National Association of Realtors (local association), licensed Real Estate Broker, Licensed Class A General Contractor, and a Certified Commercial Investment Member (CCIM).

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Ricky Anderson

Executive Vice President

Norfolk - Main

Ricky Anderson joined Colliers International in May of 2007 as a commercial agent and quickly became an integral part of the brokerage team representing owners and occupiers of office and industrial properties. Since 2007, Ricky has negotiated over 450 transactions valued at over $130 million. Clients have included defense contractors, REITS, national corporations, medical practices, and local businesses and developers.

A lifelong Virginia Beach native, Ricky graduation from Virginia Tech with a degree in business finance. Ricky currently resides in Virginia beach with his wife and two daughters.

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Will Bradley

Executive Vice President

Richmond - North

Will Bradley is an Executive Vice President for Colliers International specializing in investment sales across the country. With over 15 years of experience and $1+ billion in sales, Mr. Bradley brings a holistic strategic approach to his client’s goals and needs facilitated through a highly sophisticated and creative process that provides unparalleled results and long-term, multi-transactional relationships. 


Mr. Bradley’s relationships with a wide composition of capital from institutional to high-net-worth and experience transacting across a variety of asset types including office, industrial and flex assets provide him a unique perspective in today’s capital markets. Prior to joining Colliers International, Mr. Bradley spent a decade with CBRE where he grew from the region’s sole analyst to its #1 producer.

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Ashton Williamson

Executive Vice President

Norfolk - Main

Ashton Williamson, a Hampton Roads native, has worked full time in the commercial real estate industry in Hampton Roads since 1987. Prior to entering sales and leasing in 1995, Ashton was a certified general commercial real estate appraiser licensed in Virginia and North Carolina. He earned the MAI designation with the Appraisal Institute in 1995. 


Since 2010, Ashton has been involved in over 500 transactions with the Industrial Team with a total in excess of 40 million sq. ft. leased/sold. Ashton’s specialties range from General Brokerage with focus on industrial and free-standing commercial properties, to providing experienced representation with land, office/flex, and industrial properties throughout Eastern Virginia and beyond.

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