Hudson Capital Acquisitions LLC has purchased the Lofts at Commerce Apartments in Richmond’s Manchester area for $20.2 million.
The 225-unit property at 700 Stockton Street offers one-, two- and three-bedroom apartments. It was once the site of a former Philip Morris tobacco factory and warehouse. Amenities include a fitness center, Wi-Fi bar, and swimming pool. There also is space available for potential conversion to office and retail.
Charles Wentworth and Peyton Cox of CBRE/Richmond represented the seller in the transaction.