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.
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