Walton Global, a real estate investment and land asset management company, announced the 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 Washington, D.C. and Richmond, Virginia, 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 multifamily.
“The sale of this property is a huge win, not just for Walton Global, but for Spotsylvania County,” said Michael Slavotinek, vice president, 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.”
According to Walton Global, 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 multifamily housing, as well as other uses. The entire master planned community benefits from good exposure, visibility and accessibility due to frontage on I-95.
The company currently manages over 6,000 acres in the Washington, D.C. metropolitan area.
Walton Global is a privately-owned land asset management and real estate investment company with $3.3 billion in assets under management.