Northmarq arranges $5.5M sale of Institutional Greenhouse Campus in Harrisonburg, VA
HARRISONBURG, Va. — Northmarq’s Chicago Commercial Investment Sales team, led by Managing Director Bryn Feller and Associate Vice President Joshua Dicker, successfully brokered the $5.5 million sale of a 292,354-square-foot controlled-environment agriculture facility located at 3453 Koehn Drive in Harrisonburg, Virginia.
Northmarq represented the seller, SG Assets LLC, and the buyer was BIOFARMA, LLC.
The property consists of approximately 54.28 acres, improved with a large-scale greenhouse campus, processing facilities, support infrastructure, and related operational improvements serving the controlled-environment agriculture industry.
“This transaction required a highly collaborative approach among all parties and represented far more than a traditional real estate sale,” said Feller. “The asset is a uniquely specialized agricultural facility with substantial replacement cost and operational complexity. Successfully navigating the transaction required aligning the interests of ownership, operations, lenders, consultants, attorneys and future operators while maintaining momentum toward closing. We are grateful to all parties involved for their professionalism and commitment to finding solutions.”
Built in 1984 and expanded over time, the facility serves as a strategically important greenhouse operation within Virginia's agricultural sector. The acquisition positions the buyer to continue controlled-environment growing operations while preserving a significant agricultural asset within the region.
The transaction reflects continued investor and operator demand for specialized food-production infrastructure and controlled-environment agriculture facilities, a sector that has attracted increasing attention as operators seek scalable, domestic production capacity.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
