Colliers is pleased to announce the sale of Pinehurst Centre, located at 477 Viking Drive in Virginia Beach, Virginia.
RICHMOND, VA, January 2023 – Colliers is pleased to announce the sale of Pinehurst Centre, located at 477 Viking Drive in Virginia Beach, Virginia. Colliers represented Robinson Development Group (RDG) through the sale of the 99,137 square foot, Class A office building to Seminole Trail, who purchased the asset for $15,500,000.
The asset is centrally located between Virginia Beach’s oceanfront bedroom communities and the I-64/I-264 interchange in the Lynnhaven submarket, making it an excellent and highly accessible location. The building is home to a variety of highly-reputable and diverse set of tenants in industries including healthcare, finance, insurance, and professional services.
“Pinehurst Centre’s best-in-class quality and tenancy in the submarket supported by RDG’s excellent stewardship of the asset since 2016 made for a highly competitive process with an excellent outcome for RDG and Seminole Trail,” said Will Bradley.
Colliers’ Will Bradley, Executive Vice President, and Mark Williford, Senior Vice President, represented the seller, Robinson Development Group.