Thalhimer Realty Partners buys industrial building in Richmond for $1.7 million
- July 10, 2013
Thalhimer Realty Partners Inc. has purchased a 100,000-square-foot industrial building in Scott’s Addition in Richmond from Abnor Corp. for $1.79 million. The investment and development subsidiary of Cushman & Wakefield | Thalhimer plans to renovate the property at 3200 W. Clay Street into an apartment complex with 100 units, including a clubhouse, fitness facility, interior parking and a pool.
The company said work is scheduled to begin on Jan. 1, 2014. Thalhimer Realty Partners said it expects to receive state and federal tax credits in conjunction with the redevelopment. It plans toengage MGT Construction for the renovation and Walter Parks Architects for architectural services.
When the project is complete, it will be managed by Cushman & Wakefield | Thalhimer’s Residential Property Services Group.
Thalhimer Realty Partners is a private real estate investment firm with a portfolio of commercial and multifamily assets valued at greater than $250 million. The Richmond-based company has assets located throughout the Mid-Atlantic and Southeast regions.