Industries Commercial Real Estate

Wells Fargo building in downtown Harrisonburg has a new owner.

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The Wells Fargo building at 141 E. Market Street in Harrisonburg has a new owner. Towne 1031 Exchange LLC bought the 18,000-square-foot building for $865,000.

Tim Reamer of Cottonwood Commercial, a commercial real estate brokerage in the city, represented the purchaser while CBRE represented the sellers, NFR ECP I - 3429 Market St Office LLC.

According to Cottonwood, most of the building is under a long-term lease to Wells Fargo Bank. The investment transaction drew plenty of interest, the firm said, and represents the latest acquisition in the downtown area.

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