PRESS RELEASE: CBRE|Hampton Roads Sells Woodmere Trace Apartments

NORFOLK, VA – CBRE|Hampton Roads is pleased to announce the sale of Woodmere Trace Apartments at 6741 E. Tanners Creek Drive in Norfolk, Va. The property was sold for an affiliate of Harbor Group International, LLC, to an affiliate of CPDC, a Washington, DC-based firm making their first Hampton Roads multi-family investment.  

Built in 1975, Woodmere Trace Apartments consists of 300 garden-style units, with one and two-bedroom configurations. Amenities include a pool, laundry facilities, playground, and storage spaces. The complex is conveniently located off Military Highway, near the Norfolk International Airport, and just off Interstate 64, giving it great access to all the employment centers and amenities of Hampton Roads. The purchaser is planning to invest, beyond the actual purchase, in renovation of unit interiors.

Dan W. Johnson, Senior Vice President and Hank Hankins, Vice President, for CBRE|Hampton Roads represented the seller as their Exclusive Marketing Agent.

TAGS: Investment