Cushman & Wakefield | Thalhimer is pleased to announce the sale of the former DePaul Hospital property at 150 Kingsley Lane in Norfolk, Virginia.
The James Barry-Robinson Institute purchased the campus, situated on 15 acres, with the plan over the next two years to develop the St. Vincet de Paul House, which will be the new home for Next Step to Success. Barry Robinson will incorporate a campus of “learning houses”, a gymnasium, dining hall, gardens, and a regulation-size soccer field dedicated to serve up to 300 future “Success Stories” from Norfolk’s most underserved communities.
Founded in 1855 as the Hospital of St. Vincet de Paul, DePaul Hospital moved to its present location in 1944, serving Norfolk and the greater Hampton Roads community. The hospital continued to expand with the construction of new medical office buildings, redevelopment of the existing hospital and emergency room, and a reconfiguration of seven parcels over fifteen acres until the campus eventually closed in 2021.
Rob Wright and Birck Turnbull of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.
About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs nearly 425 associates. Thalhimer represents, on behalf of its clients, a property portfolio of 55 million leasable square feet, management of 30 million square feet of commercial property, and 10,000 multifamily units. In 2022, Thalhimer completed over 1,900 transactions with a transactional volume of more than $2.3 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services, including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties. To learn more, visit www.thalhimer.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com.
