John B. Levy & Company, Inc. is a co-investor with a Maryland firm in the purchase of Windsor Business Park, a 341,960-square-foot Class A complex consisting of six buildings encompassing 62 acres.

Windsor Business Park was 98 percent leased at the time of the sale, with major tenants that include Bon Secours Health System, CVS and GPM Investments. John B. Levy & Company, Inc. joined Fernau LeBlanc, based in Bethesda, Md., in acquiring the asset. The sale price of Windsor Business Park was $33,290,000, or $97 per square foot.

In addition to investing with the sponsor, John B. Levy & Company, Inc. was the debt advisor and placed the majority of the equity through its affiliate, Pickwick Capital.

“We are excited to put our proprietary capital to use with Fernau LeBlanc in this well-leased and -located property. We hope to continue the fantastic relationship the former owners enjoyed with the tenants and at the same time create outsized investment returns for our partners,” said Andy Little, a partner in the transaction and principal of John B. Levy & Company, Inc. “This asset provides a lower cost space alternative to both suburban and downtown office properties while also providing convenient access to I-95, I-295 and I-64 for service-oriented tenants.”

The building was sold by GID Investment Advisors of Boston, Mass. The transaction was completed by Eric Robison of Cushman & Wakefield | Thalhimer’s Capital Markets Group, along with leasing advisors Evan M. Magrill, SIOR, and N. Dean Meyer, SIOR, of Thalhimer’s Richmond office.

About John B. Levy & Company, Inc.

John B. Levy & Company, Inc. is a real estate investment-banking firm founded in 1995 and headquartered in Richmond, Va. In addition to investing its own proprietary funds into transactions with its clients, the firm raises equity and debt for developers and owners of commercial and multi-family projects nationwide.