VIRGINIA BEACH, VA., November 10, 2022
The Miller Group announced the sale of 1008 Jefferson Avenue in Newport News, Virginia for $600,000. The property consists of 8,050 square feet of warehouse space on 1.231 acres. 1008 Jefferson Avenue LLC sold the property to the current tenant, Tidewater Marine International Inc, DBA: Hussey Leasing, LLC.
“This sale is another example of the relationships The Miller Group prides itself on. Tidewater Marine International Inc. (TMI) has been a vendor to our sister company, Fairlead, for many years. TMI became a tenant of The Miller Group in March 2020. During their tenancy, TMI wished to buy a property and found 1008 Jefferson to be the perfect fit for them. Selling the property to TMI was a win-win for all parties involved. It has been a pleasure to be a part of another tenant’s success story.” said Kimberly Erwin, Asset Manager of The Miller Group.
About The Miller Group
The Miller Group is a full-service, real estate development company operating primarily in southeastern Virginia. For more than two decades, the company and its affiliates have acquired over 375 acres of property for commercial and residential developments. These accomplishments have produced more than $300 million in development activity involving design build, infrastructure, tenant improvements and general construction.
The Miller Group brings an owner’s mentality into every project. The team continually questions how projects may be done more efficiently while value engineering each project. Value is ultimately in the eyes of the beholder and TMG understands relationships are the key to success.