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Tag: Poe and Cronk Real Estate Group

Historic Roanoke building sells for $9.5M

The Elmwood Building in Roanoke sold for $9.5 million, Hall Associates Inc. and buyer Freedom First Credit Union announced Tuesday.

Located at 207 Bullitt Ave. SE in Roanoke’s Downtown Historic District, the 4-story, 46,500-square-foot building was built in 1919 and has housed a hardware store, furniture warehouse and Meridium Inc., and is currently housing GE Digital.

The building will serve as Freedom First’s corporate headquarters. GE Digital will remain on three floors, and Freedom First’s administrative offices will occupy the fourth floor, moving employees into more areas of the building as they become free.

“One of our focus areas is providing loan capital to commercial developers who transform old buildings into community assets,” said Paul Phillips, Freedom First’s president and CEO, in a statement. “So, it seems only fitting that our headquarters would be located in just such a building. With its timber framing, exposed brick, original floors and a blend of modern amenities, it’s a truly beautiful building that our team members will enjoy.”

Goodview Properties LLC, owned by Bonz Hart, was the seller. Hart was the CEO of Meridium when GE acquired it in 2016, and he retained ownership of the building until this week. Frank Martin with Hall Associates represented Freedom First in the sale. Matt Huff, president of Poe & Cronk Real Estate Group, and Jacob Quesinberry, a vice president with the group, represented the seller.

Roanoke accounting firm sells building for $2.27M

Roanoke accounting firm Brown Edwards has sold its building for $2.275 million, according to a news release.

Brown Edwards, which is expanding into a larger space at a local office park, sold the building at 319 McClanahan Ave. to ETS Recruit, which places medical professionals in practices across the country.

The accounting firm is one of the largest across the Virginia, West Virginia and Tennessee region. Brown Edwards will be relocating to 3906 Electric Road in a space formerly occupied by Long and Foster Real Estate, which is moving its Roanoke office across Fallowater Lane.

Frank C. Martin III of Hall Associates Inc. represented the seller and Matt Huff of Poe and Cronk Real Estate Group Inc. represented the buyer.