CoStar Group, Inc., has acquired a five-story, 117,448-square-foot office building in the Richmond, VA neighborhood of Manchester for $20 million.

The property was vacant at sale and was formerly fully occupied by SunTrust (now Truist), which has relocated to an adjacent building.

The property on Semmes Avenue will be visually connected across the James River to CoStar Group’s existing research, sales and technology center and will be part of the data company’s planned 750,000-square-foot corporate campus.

“This purchase further signifies our long-term commitment to growing in Richmond – a city and region with deep pools of talent and a community that encourages innovation,” said Andrew Florance, founder and CEO of CoStar Group. “We are very excited about our continued expansion in Richmond, creating rewarding new jobs and deepening our community engagement and involvement.”

CoStar Group currently employs more than 1,200 in Richmond.