Colliers International is pleased to announce the sale of Falcon Point, a multifamily community in Virginia Beach, from The Runnymede Corporation to Seminole Trail Properties.
Falcon Point is located at 2105 Lake Smith Drive and includes 64 apartment homes. The development, originally constructed in 1971, has been exceptionally maintained with newly upgraded exteriors, lakeside views and interior renovations. The community is located in the popular Chick’s Beach area off Shore Drive with easy access to I-64. It is convenient to restaurants, retail and major employers.
G.S. (Hank) Hankins, senior vice president; Victoria Pickett, first vice president; Charles Wentworth, senior vice president; Will Mathews, managing director; Clay Ellis, associate; and Garrison Gore, associate, with the Colliers Mid-Atlantic Team represented the seller.