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Paula C. Squires// June 19, 2018//
Equitable Real Estate Partners has purchased a two-building office portfolio on Forest Avenue in Richmond for $6.4 million.
With this transaction, the Miami-based real estate investment and development company owns seven buildings, with a total portfolio in Richmond’s Forest Office Park of over 300,000 square feet.
According to CBRE|Richmond, which represented the seller, the class B Forest Avenue two-building portfolio totals 83,770 square feet.
The buildings are located in the Glenside/I-64 submarket, with convenient access I-64 and West End residential neighborhoods.
Tenants include Tuckahoe Orthopaedic, Virginia Cardiovascular, Westhampton Family Psychologists and Muscular Dystrophy Association.
CBRE|Richmond’s Will Bradley and Marc Allocca represented the seller.
CBRE’s David Wilkins and Matt Anderson will handle the leasing for the portfolio.
