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Tag: Class A

Henrico office building sells for $66M

Richmond-based Kinsale Insurance has sold a 291,000-square-foot Class A office building on Staples Mill Road in western Henrico County for $66 million.

The office, located at 2103 Staples Mill Road, was sold to Salus Federal Properties, a Charlotte, North Carolina-based limited liability company, commercial real estate firm Newmark announced. The building is 100% leased to Indianapolis-based Elevance Health, and the company will invest in a full-building renovation, said Will Bradley, Newmark’s executive managing director for capital markets.

The building was built in 2000 for Anthem, which changed its name to Elevance Health in 2022.

CFA Institute sells Charlottesville HQ for $21.9M

The Charlottesville headquarters of CFA Institute sold for $21.9 million, Cushman & Wakefield | Thalhimer announced Tuesday.

The 150,000-square-foot office building, at 915 E. High St., is the former Martha Jefferson Hospital, which opened in 1904, according to Cvillepedia. CFA Institute, a nonprofit association of investment professionals, will lease back 47,000 square feet for its ongoing operations. The location has been the institute’s home since 2014, after a renovation that included sustainability features.

Thalhimer has been awarded the leasing by the buyer, Lo-Hi LLC, and the building will remain Class A office space. It is the only Class A building near downtown with parking. Lo-Hi will also be opening Lo-Hi Coworking, which will provide private executive office space for companies with up to 10 employees.

John Pritzlaff and Jenny Stoner of Cushman & Wakefield | Thalhimer handled the sale and lease negotiations on behalf of the buyer and will handle the office space leasing going forward.