Cushman & Wakefield|Thalhimer and Cushman & Wakefield's DC office ink $62.4M sale
RICHMOND, VA — Another collaborative effort from Cushman & Wakefield | Thalhimer’s Capital Markets Group and their partners in Washington, D.C. has resulted in a significant transaction in the Richmond market. The team represented Bridge Investment Group in the $62.4 million sale of SunTrust Center One and Two, a two-building, class A office park located at 11011 and 11013 West Broad St. in the Innsbrook submarket of Richmond. Exceptionally well-located, the two buildings total 419,653 s/f and are situated on 32.3 acres. SunTrust Center One, comprised of 214,273 s/f, is 100% leased to SunTrust for ten years. The building recently underwent an extensive renovation with over $30 million invested, transforming the asset into a modern, collaborative workspace that includes a new lobby, fitness center, cafeteria, new glass store front, and all new high efficiency HVAC equipment. SunTrust Center Two, comprised of 205,380 s/f, is also 100% leased to five tenants, Magellan Health, SunTrust Bank, RetailData, Home Care Delivered, and EMC Corporation.