JLL Completes Sale of 1720 Endeavor Drive
JLL has announced the sale of 1720 Endeavor Drive, a 51,390-square foot industrial building in Williamsburg, Virginia.
Richmond, VA, March 13, 2019– JLL announces today the sale of 1720 Endeavor Drive in Williamsburg, Virginia. The 51,390-square foot industrial building sold for $2.35 million from Coastal Federal Credit Union to an undisclosed buyer.
“Situated along the James River with close proximity to I-64, 1720 Endeavor Drive offered a valuable proposition,” stated Gregg Christoffersen, Vice President, JLL. “The property is primely positioned between Hampton Roads and Richmond and has nearly 20,000 additional square feet available for future expansion.”
1720 Endeavor Drive sits on 12.6 acres within the James River Commerce Center with approximately one of those acres dedicated for outside storage. The property is zoned M-1 and has three-phase power as well as paved parking and a loading area.
JLL’s Gregg Christoffersen and Adam Lawson represented Coastal Federal Credit Union in the sale.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm's 2,400 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com