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Cushman & Wakefield | Thalhimer arranged the sale of The Mill at Manchester Lofts in Richmond, VA, an apartment property converted from a former paper mill

Paper Mill Turned Multifamily Trades in Richmond

Cushman & Wakefield | Thalhimer has finalized the sale of The Mill at Manchester Lofts located at 815 Perry St. in Richmond, VA. Putnam Mill, LLC acquired the 70-unit apartment community from Fulton Street Partners for $14,800,000 as an investment.

Jenny Stoner and John Pritzlaff of Cushman & Wakefield | Thalhimer represented Putnam Mill, LLC. The purchaser intends to pursue a value-add strategy after closing, including interior and overall renovations.

The Mill at Manchester Lofts, a former paper mill and warehouse, consists of studio, one-, two-, and three-bedroom loft-style apartments.


Inside The Story

Cushman & Wakefield | Thalhimer

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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