Apartment community in Richmond’s Manchester area sells for $20.2 million

Paula C. Squires //February 26, 2017//

Paula C. Squires// February 26, 2017//

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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.

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