RICHMOND, VA —
Cushman & Wakefield | Thalhimer’s Capital Markets Group has arranged the following transactions:
Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller in the sale of the Edgeworth Building, an iconic, adaptive reuse office building located along historic Tobacco Row at 2100 East Cary St. in Richmond, VA.
Totaling 140,573 s/f the Edgeworth Building is 95% leased to an institutional and diverse tenant base.
A family office out of New York, NY acquired the asset on February 26, 2021 for $29.5 million ($210/SF). The sale was completed by Eric Robison of Cushman & Wakefield | Thalhimer’s Capital Markets Group in Richmond, Virginia.
“The sale of the Edgeworth Building represents a re-commitment from investors to own high quality, well located office properties in spite of recent headwinds in the market presented by the Covid-19 pandemic,” said Eric Robison, executive vice president at Cushman & Wakefield | Thalhimer. “The sale also signifies some of the unique strengths of the office market in Richmond, VA.
Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the Bogese Companies in the sale of The Shoppes at River Forest, a Walmart shadow anchored strip center located along the Iron Bridge Road corridor in Chester, VA. The 30,720 s/f asset was 82% leased to nine tenants at the time of the sale. The tenant roster includes a diverse mix of national, regional and local operators.
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