Patrick Henry Corporate Center
12350 Jefferson Avenue, Newport News, VA 23602
Patrick Henry Corporate Center is a 98,883 square foot Class A office building located in Newport News, Virginia. The four-story structure was developed in 1989, by Crown America. The property is 100% leased and the list of tenants boasts several Fortune 500 companies including Northrop Grumman and Bank of America.
The property is located at the intersection of Jefferson Avenue and Interstate 64 which offers great visibility from both the street and the highway. Additionally, the property is located adjacent to the PatrickHenryMall and three miles from the Newport News/Williamsburg Airport.
Newport News is located on the southwestern end of the Virginia Peninsula approximately 80 miles southeast of Richmond, VA (the state capital) and 40 miles northwest of Virginia Beach (the state’s largest city). Its population totals just over 182,000 residents and it ranks as the sixth largest city in VA.
Investment at a Glance
Location: Newport News, VA
Property Type: Class A Office
Acquisition Date: November 29, 2007
Purchase Price: $18,550,000
No. of Buildings: 1
No. of Stories: 4
Square Footage: 98,883 SF
Year Built: 1989
Leased Percentage (at the time of Acquisition): 100%