Walton Global Sells 329-Acre Parcel for Commercial Office Space in Spotsylvania County
Employment Campus sold as part of the Alexander’s Crossing master planned community.
Walton Global, a leading asset management and global real estate investment company, today announces the successful sale of the Cosner Tech Campus – a 329-acre parcel within the 683-acre Alexander’s Crossing master planned community in Virginia’s Spotsylvania County. This property will serve as a campus-style employment space for the buyer.
The Cosner Tech Campus is situated in the path of future development between the Washington D.C. Metropolitan Statistical Area and Richmond, VA, and is also adjacent to the Spotsylvania Regional Medical Center. The surrounding Alexander’s Crossing property is mixed-use, with active development moving forward for multi-family.
“The sale of this property is a huge win, not just for Walton Global, but for Spotsylvania County,” said Michael Slavotinek, VP, Asset Management for Walton Global. “This type of development in the area will stimulate growth and support the members of the surrounding communities through employment opportunity and accessibility.”
While the Cosner Tech Campus sale marks a significant milestone for Alexander’s Crossing, there are over 250 acres of the entire master planned community that remain available for sale. The remaining space includes a variety of proposed residential unit types, available for single and multi-family housing, as well as other uses. The entire master planned community benefits from good exposure, visibility and accessibility due to frontage on I-95.
This recent sale reflects Walton Global’s effort to support the rapidly increasing demand for development in Northern Virginia’s growing marketplace. According to the World Population Review, Spotsylvania County has seen 18.73% growth in population in the last 13 years, and the county predicts continued expansion in the number of residents.
Walton Global currently manages over 6,000 acres in the Washington D.C. metropolitan area. Walton continues to seek out opportunities to with both homebuilders and commercial developers to create sustainable communities that stand the test of time and support the regional population growth.
