JLL has arranged the sale of Riverside on the James, a 263,752-square-foot, Class A, trophy office property in Richmond. The sales price was not disclosed.
Located at 1001 Haxall Ave. in Richmond’s River District, the property is currently 95% leased. The 14-story property features views of the James River, an attached six-level parking deck, an on-site fitness center and modern interior design.
Chris Lingerfelt, Ryan Clutter and Stephen Conley of JLL represented the seller, American Real Estate Partners, in the transaction. The buyer was Opal Holdings.
“It’s exciting to see Northeast capital sources take an interest in the Richmond office investment market,” said Lingerfelt. “Given Richmond’s strong economic fundamentals and a growing appetite to place capital in the Southeast, we anticipate this trend to continue for years to come.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.