Patrick Henry Corporate Center

12350 Jefferson Avenue, Newport News, VA 23602

Property Overview

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%

$18,550,000 Total Purchase Price
98,883 square feet Total Rentable Area
Class A Building Class