Richmond Investor Nabs Newport News Union Bank BuildingBy
603 Pilot House Drive in Newport News, Va.
Newport News, Va.—Divaris Real Estate Inc. recently closed the sale of the Union Bank building, a Class A, four-story property in Newport News. The company’s Jason Oliver and Alex Divaris represented seller, NN Plaza LP.
The property was bought by an undisclosed Richmond-based private investor for roughly $3.4 million. According to Newport News property records, the building changed hands on Jan. 11 and was acquired by Oyster Point BB LLC, a Midlothian-based company with the same address as PECK Properties, a family-owned commercial real estate firm. The property last changed hands ten years ago for $2.4 million…
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