Industries Commercial Real Estate

VACORP acquires former Allstate Building in Roanoke for $4 million

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VACORP has purchased the former Allstate Building in Roanoke for $4 million and plans to occupy the entire 165,808-square-foot office building.

The Roanoke-based company that provides risk management programs to localities, school divisions and other clients acquired the property on June 12, according to Cushman & Wakefield | Thalhimer’s Capital Markets Group, which represented the seller.

The building, formerly occupied by Allstate Insurance Co., is located in a campus-like setting on more than 20 acres. Amenities on the three-story property include a cafeteria, gym, and abundant parking.

Eric Robison, senior vice president of Cushman & Wakefield | Thalhimer’s Capital Markets Group, along with Barry Ward and Price Gutshall of Thalhimer’s Roanoke Office Services Group, completed the sale. Ward said in a statement that the property “represented a great opportunity for a growing Roanoke business to provide their employees a wonderful work environment in a beautiful setting with access to multiple amenities.”





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