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News release

HAMPTON ROADS, VA

JLL Reports Hampton Roads, Virginia Transactions Totaling More Than 436,000 Square Feet


Hampton Roads, Va., March 4, 2016 – JLL has completed several transactions in the Hampton Roads market totalling 436,003 square feet. The transactions include the following:

TENANT REPRESENTATION

  • Prism Maritime, LLC renewed its lease of 24,700 square feet at 1416 Kelland Drive in Chesapeake, VA. Deborah Stearns and Wesley Edwards of JLL represented the tenant.
  • Brown and Caldwell leased 16,605 square feet at 301 Bendix Road in Virginia Beach, VA. Gregg Christoffersen of JLL represented the tenant.
  • Ferguson Enterprises, Inc. leased 14,000 square feet at 5781-B Arrowhead Drive in Virginia Beach, VA. Erin Corrie of JLL represented the tenant.
  • Family Insight, Inc. renewed its lease of 3,800 square feet at 380 Cleveland Place in Virginia Beach, VA. Erin Corrie and Landon Hinton of JLL represented the tenant.
  • IBV, LLC. leased 3,355 square feet at 1401 Maltby Avenue in Norfolk, VA. Landon Hinton of JLL represented the tenant.
  • Capital Financial Group extended its lease of 2,839 square feet at 555 East Main Street in Norfolk, VA. Deborah Stearns and Wesley Edwards of JLL represented the tenant.
  • Adler Therapy Group leased 2,630 square feet at 5604 Virginia Beach Boulevard in Virginia Beach, VA. Deborah Stearns of JLL represented the tenant.
  • Tradesmen International, LLC leased 2,367 square feet at 349 Southport Circle in Virginia Beach, VA. Pope Hackney of JLL represented the tenant.
  • Free Agents Marketing, LLC leased 1,946 square feet at 150 Boush Street in Norfolk, VA. Deborah Stearns of JLL represented the tenant.
  • Commonwealth First Home Health renewed its lease of 1,198 square feet at 1401 Kempsville Road in Chesapeake, VA. Landon Hinton of JLL represented the tenant.

AGENCY LEASING

  • Crossfire Logistics, Inc. leased 8,230 square feet at 2550 Ellsmere Avenue in Norfolk, VA. Christine Young of JLL represented the building owner.
  • Health Research of Hampton Roads, Inc. leased 7,121 square feet at 720 Thimble Shoals Drive in Newport News, VA. Pope Hackney and Gregg Christoffersen of JLL represented the building owner.
  • Fugro Consultants, Inc. renewed its lease for 4,651 square feet at 101 W. Main Street in Norfolk, VA. Deborah Stearns and Wesley of JLL represented the building owner.
  • SpeedPro extended its lease of 3,482 square feet at 2551 Eltham Avenue in Norfolk, VA. Christine Young of JLL represented the building owner.
  • Wilson & McIntyre, PLLC leased 3,460 square feet at 101 W. Main Street in Norfolk, VA. Deborah Stearns and Wesley Edwards of JLL represented the building owner.
  • IBV, LLC. leased 3,355 square feet at 1401 Maltby Avenue in Norfolk, VA. Erin Corrie and Gregg Christoffersen of JLL represented the building owner.
  • Learning Care Group, Inc. extended its lease of 2,989 square feet at 860 Greenbrier Circle in Chesapeake, VA. Christine Young of JLL represented the building owner.
  • No. 1-PCD, MEBA (AFL-CIO) renewed its lease of 2,122 square feet at 6325 Center Drive in Norfolk, VA. Deborah Stearns and Landon Hinton of JLL represented the building owner.
  • Securewest International Inc. renewed its lease of 2,090 square feet at 420 N Center Drive in Norfolk, VA, Deborah Stearns and Landon Hinton of JLL represented the building owner.
  • Vencore Services and Solutions, Inc. extended its lease of 2,041 square feet at 6325 N. Center Drive in Norfolk, VA. Deborah Stearns and Landon Hinton of JLL represented the building owner.
  • March of Dimes Foundation leased 2,037 square feet at 860 Greenbrier Circle in Chesapeake, VA. Christine Young of JLL represented the building owner.
  • Chesapeake Bay Management, Inc. leased 1,922 square feet at 860 Greenbrier Circle in Chesapeake, VA. Christine Young of JLL represented the building owner.
  • Professional Health Care Resources renewed its lease of 1,492 square feet at 6350 Center Drive in Norfolk, VA. Deborah Stearns and Landon Hinton of JLL represented the building owner.
  • Washington Suites Hotels, Inc. extended its lease of 1,310 square feet at 101 W. Main Street in Norfolk, VA, Deborah Stearns and Wesley Edwards of JLL represented the building owner.
  • Russell Realty renewed its lease of 1,261 square feet at 6325 Center Drive in Norfolk, VA. Deborah Stearns and Landon Hinton of JLL represented the building owner.

SALES

  • 5800 Northampton Boulevard, Norfolk, VA, known as The Concourse, a 315,000-square-foot office building, sold on December 22, 2015. The property is 100-percent net leased to Amerigroup and traded at $56,825,000.  Gregg Christoffersen and Deborah Stearns were part of the JLL Capital Markets team representing the seller.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.