Union Bank & Trust sells buildings, leases back space

Richmond-based Union Bank & Trust has sold two buildings and leased back space in the properties.

The commercial real estate firm Cushman & Wakefield | Thalhimer reported that BNGP LLC purchased a building from the bank at 12090 West Broad St. in Henrico County for $2.6 million.

The bank has signed a long-term lease to remain on the first floor of the 9,642-square-foot building.

Will McGoogan of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of Union Bank & Trust.

The bank also sold a two-story property at 641 Lynnhaven Parkway in Virginia Beach for $2.45 million to Club Forest Guardian LLC, according to the real estate firm.

Union signed a long-term lease on the first floor of the 20,7330-square-foot building.
Cushman & Wakefield | Thalhimer’s David Tunnicliffe, Dawn Griggs and Will McGoogan handled the sale negotiations on behalf of Union for the property.

In addition to the Union Bank & Trust sales, Cushman & Wakefield | Thalhimer said the Better Business Bureau has leased 10,363 square feet at 100 East Shore Drive in Henrico County.

Amy Broderick and Mark E. Douglas of  Cushman & Wakefield | Thalhimer handled the lease negotiations.