Colliers International has been retained as the exclusive advisor for the sale of 824 Midtown, formerly the JCPenny Box at Military Circle Mall, located in Norfolk, Virginia. This two-story, Class A, Office Building is a stabilized investment opportunity situated in the rapidly emerging Central Norfolk business district
824 Midtown is a rare chance for an investor to acquire a fully redeveloped 184,000 square foot multi-tenant office building. Renovations in excess of $16M were made revamping the former retail space into an improved modern multi-tenant office building in 2018. The property includes high-end quality finishes and is leased to two major credit tenants with long-term leases. Movement Mortgage occupies 93,153 square feet through November 2030 while Sentara Health Plans Inc., occupies 89,428 square feet through August 2024.
Anchored by two Credit Tenants: Movement Mortgage and Sentara Health Plans, Inc.
Central Norfolk location with unmatched regional accessibility to I-264, I-64, Military Highway, and Norfolk International Airport. Subject site is located 1.5 miles from Sentara Leigh Hospital.
Retail to Office Conversion delivered in 2018.
Opportunity Zone
Located in the heart of the Midtown redevelopment master plan.
- Property Type
Office
- Year Built
1969Renovated 2018
- Total Building Size
209,109RSF
- Total Acres
4.23
- Number of Floors
2
- Building Class
A
- Zoning
C-C / C-R
- Property ID
1875788
