PROPERTIES

OFFICE

TOWN POINT CENTER

Acquired in August 2014

 
A 131,259 SF Class A office building located in the heart of the central business district in downtown Norfolk, VA. Town Point Center is located directly across the street from the Battleship Wisconsin exhibit, and boasts exceptional views of the Elizabeth River, Town Point Park and Norfolk skyline. Built in 1986, the building is constructed of granite, marble, concrete, steel and glass. It stands 12 stories tall with floor plates of approximately 12,244 SF fully sprinklered with two separate private parking garages. The property has won numerous awards including Energy Star designations. Tenant roster includes notable law firms, accounting firms, insurance groups, freight forwarding companies, and community associations.

RETAIL

CYPRESS RUN PLAZA – SMITHFIELD, VA

Acquired in May 2015

 

It is a Class A 25,000 SF retail shopping center sitting on 5.094 acres, has multiple ingress and egress. Located in the heart of the dominant retail corridor of historic and growing Smithfield, VA. Located at a busy and signaled intersection of Benn’s Church Boulevard and Cypress Run Drive. Located directly adjacent to Smithfield Shopping Plaza, anchored by a high volume Farm Fresh, the dominant grocer in Smithfield. The property has a strong customer base that includes permanent residents and vacationers, as well as employees from the region’s largest employer, Smithfield Foods. Over 20,000 people with an average household income of $83,000 live within a five-mile radius. This stabilized asset made for a very nice addition to the CIG portfolio.

MULTI-FAMILY

GREEN MEADOWS APARTMENTS – Virginia Beach, VA

Acquired in July 2014

 

Green Meadows Apartments is a 24-unit garden style apartment complex located in the heart of Virginia Beach. Possibly the best kept secret in Virginia Beach, Green Meadows is conveniently located near the Town Center area just south of I-64. Halfway between downtown Norfolk and the Virginia Beach oceanfront, Green Meadows is at arms length from shopping, dining and entertainment. 12 apartments have been renovated with granite countertops, maple cabinetry, stainless steel appliances, new fixtures, and more!

BAY BREEZE EAST & BAY BREEZE WEST APARTMENTS – Virginia Beach, VA

Acquired in December 2015

 

Bay Breeze East & West Apartments are located in a quiet community near the casual Chesapeake Beach locally known as “Chick’s Beach” area of Virginia Beach. It provides close proximity to many city amenities with plenty of green area in the community. This is a pet-friendly community offering 1 and 2-bedroom units.