Newmark arranges $42.3 million sale of Stony Point office portfolio in Richmond, Virginia

Reuters

02/21

Newmark Group Inc. arranged the $42.3 million sale of the Stony Point Portfolio, a three-building, 357,251-square-foot office complex in Richmond, Virginia. The properties at 8730, 9020 and 9030 Stony Point Parkway were sold by Highwoods Properties to OA Development, with the portfolio reported as 92% leased and carrying a 3.6-year weighted average lease term.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newmark Group Inc. published the original content used to generate this news brief on February 19, 2026, and is solely responsible for the information contained therein.

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