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Institute will lease back space, buyer adding coworking hub
Institute will lease back space, buyer adding coworking hub
Courtney Mabeus-Brown// July 21, 2023//
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.
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