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Home News Industries Real Estate Former SunTrust branch in Charlottesville sells for $2.5M

Former SunTrust branch in Charlottesville sells for $2.5M

Property now owned by Anchor Health business entity

Published September 9, 2021 by Kate Andrews

420 Park St. in Charlottesville. Photo courtesy city of Charlottesville

A former SunTrust Bank branch in downtown Charlottesville was recently sold for $2.53 million, Poe & Cronk Real Estate Group announced this week.

Anchor Charlottesville Office 2 LLC, a business entity connected to Charlottesville-based Anchor Health Properties, purchased the 18,746-square-foot property at 402 Park St. from WGM Acquisitions LLC on Aug. 24, according to city property records. Stephen Pendergrass, a vice president with Poe & Cronk, represented the seller.

The new owner plans to occupy the property, according to Poe & Cronk.

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