Fredericksburg, VA – October 22, 2020 – Colliers International is pleased to announce the sale of Chesapeake Crossing, a 61-acre site located at 25 Strategy Drive, for $21,504,828.00. Colliers’ Rich McDaniel, Lee Cherwek, and Samantha Jones represented the seller, Parkway Storage Groupe, LLC.
The site offers prime acreage with I-95 frontage and is adjacent to Stafford regional airport. Parkway Storage graded roughly 45 acres of the site and implemented the necessary infrastructure for a data center when it purchased the site several years ago.
“The grading and infrastructure improvements were a huge investment made by Parkway but became the biggest advantage to marketing the site. This is a huge win for Parkway Storage Groupe, Stafford County and the Fredericksburg area.” said Rich McDaniel, Senior Vice President at Colliers. “It’s the first e-commerce facility in the area and showcases what it has to offer.”
Colliers Virginia has offices in Charlottesville, Fredericksburg, Richmond, and Norfolk. To learn more about Colliers or to view other investment sales opportunities, please visit: www.colliers.com/richmond.