Richmond office tower sells for $77M
NYC firm buys home to Troutman Pepper law firm's Richmond office
Richmond’s 15-story Riverside on the James office tower has sold for $77 million, McLean-based American Real Estate Partners LLC (AREP) announced on April 6.
Located at 1001 Haxall Point, the 263,752-square-foot building was acquired from AREP by New York-based Opal Holdings and is 95.3% leased. The building’s main tenant is the Richmond office of Atlanta-based law firm Troutman Pepper Hamilton Sanders LLP.
JLL Capital Markets’ Chris Lingerfelt, Ryan Clutter and Stephen Conley represented the seller.