Industries Commercial Real Estate

Allstate Insurance leases 48,000 square feet in downtown Roanoke

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Allstate Insurance has signed a 48,000-square-foot office lease to become a tenant at the Stone Printing Building in downtown Roanoke.

According to Poe & Cronk Real Estate, Allstate will occupy the entire building, located at 116 N. Jefferson Street, adjacent to the Hotel Roanoke and the Roanoke Higher Education Center.

Bryan Musselwhite and Matt Huff of Poe and Cronk Real Estate Group represented the landlord in the transaction, Blue Eagle Partnership LLC, a local Roanoke investment group. The previous tenant, the Veterans Administration in Roanoke,  moved back into the Poff Federal Building in 2014. The building can accommodate more than 300 employees.

“Allstate was drawn to the energy and amenities of the revitalizing downtown market, and we were able to meet their office needs at our client’s property,” Matt Huff, a partner at Poe & Cronk, said in a statement.

Allstate, a large insurer, is currently located at 1819 Electric Road in southwest Roanoke.

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