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Colliers Announces Sale of Parkway 3 and 4 in Virginia Beach for $7.3 Million

Colliers is pleased to announce the sale of Parkway 3 and 4 at 2697 International Parkway in the Lynnhaven submarket of Virginia Beach. The property was sold by CCP Commercial Real Estate to Medalist Diversified REIT for $7.3 million. 

The two multi-tenant flex buildings, built in 1984 on a 4.39-acre site, comprise a total of 64,109 square feet and were 100% leased at the time of the sale. 

Pat Mugler, Ricky Anderson, and Michael Ettel with Colliers Virginia represented the seller in the transaction. 
 

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Pat Mugler

Executive Vice President

Norfolk - Main

Pat Mugler has over 28 years’ experience in the commercial real estate industry as a broker. As an Executive Vice President and Principal in the Virginia offices, Pat has successfully closed  millions of square feet of lease transactions and participated in numerous institutional and local sales transactions as well. Mr. Mugler has twice been awarded the prestigious “Hunter A. Hogan Award”, for being the region’s highest producing broker.
 
Mr. Mugler serves as the Director of Brokerage Asset Services for office, flex and industrial leasing teams and has extensive experience across all product types including select land and retail assignments.  
 
In addition to extensive relationships with many of the region’s top landlords, Mr. Mugler has long-term tenant relationships with an impressive list of corporations including Maersk, PRA, Cox Communications, Canon Computers, LabCorp, Pitney Bowes, Morgan Stanley, Verizon, and many more Fortune 500 companies.

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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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