Sheet-metal manufacturer sells building

Binswanger/CBB represented Lofton Corp. in the sale of a 214,050-square-foot industrial building in Lofton, Va.

The value of the transaction was $2.2 million.

The one-story property is situated on 149 acres.

Lofton Corp., a subsidiary of AWH Corp., specializes in sheet-metal fabrication. The company ceased operations at this location more than four years ago due to consolidation and has leased the space in the interim.

The buyer, Bill Neff Enterprises, is a local speculative investment firm with numerous local real estate holdings. It intends to lease this space to tenants.

Philadelphia-based Binswanger/CBB is an international, full-service real estate organization.

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