As the sole brokerage involved, Mid Atlantic Commercial is pleased to announce the successful closing of Warwick Village Apartments in Newport News, VA. The property was sold for $21 million and acquired by Cohen Investment Group, a real estate investment firm that currently owns and operates over 68 assets in 13 states across the country.
"We are thrilled to have facilitated the sale and purchase of such an outstanding property and to have worked alongside Cohen Investment Group and Warwick Newport LLC in this transaction," said Monty Spencer, Vice President of Mid Atlantic Commercial. "The acquisition of Warwick Village Apartments by Cohen Investment Group is a testament to the property's value and location, and we are confident that Cohen Investment Group will continue to enhance the property's performance and reputation."
Warwick Village Apartments, located a the intersection of Warwick Blvd and Nelson Drive, offers residents in midtown Newport News a highly desirable location and a high-quality living experience. The 8.37 acre apartment complex offers 160 units and community amenities such as swimming pool with sun deck, designated parking, on-site laundry center, open courtyard and playgrounds. With its strategic location offering quick access to major highways, shipyard, museums, parks and military bases, paired with excellent amenities and professional on-site management, Warwick Village Apartments is sure to be a valuable addition to Cohen Investment Group’s portfolio.
With over 40 years of experience, Mid-Atlantic Commercial has earned its reputation as a top commercial real estate company in the region through its commitment to its clients and its extensive experience in the Virginia market. They were recently named Top Firm in the Hampton Roads market by CoStar PowerBroker Awards, an award they’ve won over 7 years in a row. With its dedicated teams of commercial, residential and development real estate experts, the company is well-equipped to handle any type of transaction and provide exceptional service to its clients.
Mid Atlantic Commercial would like to extend its congratulations to everyone involved in the sale and purchase of Warwick Village Apartments and are thankful for the opportunity to earn their business. For more information about Mid Atlantic Commercial, please visit their website at www.MidAtlanticCommercial.com.