Industries Commercial Real Estate

CCA Industries leases space in Richmond’s new Gateway Plaza

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A second tenant has signed on at Gateway Plaza, downtown Richmond’s newest office tower.

CCA Industries, Bill Goodwin’s holding company which has several resort properties in its portfolio, has signed a lease for an entire floor, says Larry Chapman, a partner with Clayco Realty Group, a subsidiary of Clayco, the project’s Chicago-based developer.

Chapman said CCA has taken 25,000 square feet of space. It joins the anchor tenant, the McGuireWoods law firm, which has leased 205,000 square feet.

Both companies will move from their current homes at One James Center on Ninth Street, right across the intersection at Eighth and Cary Streets where the new skyscraper is taking shape.

“By Christmas, all the glass will be up. Tenant finishes will start in the spring and people will start moving in mid- to late summer of 2015,” Chapman said. “The goal is to be in the building for the bike race. McGuireWoods is a big sponsor of that, and they want to use the new space for that event,” added Chapman, referring to the international cycling championship bike tour that’s coming to Richmond in 2015.

With two tenants, the 330,000-square-foot building is nearly 70 percent leased, Chapman said.  There’s 64,000 square feet of office space still available on the 7th, 8th, and 9th floors, along with retail space in the lobby.

Rents range from $26 to $28 per square foot for office space, with the higher floors commanding the top rents. Retail space goes for $30 to $32 per square feet, with the highest rents for space right on the lobby.

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