Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller in the sale of Westerre I and II in Richmond (Henrico County), Virginia.
Westerre I, located at 3951 Westerre Pkwy., is a 78,556-square foot Class A, 4-story office building that is 98.5% occupied. Westerre II, 3957 Westerre Pkwy., is an 84,631-square foot Class A, 4-story office building that is 84% occupied.
Seminole Trail Properties, out of Charlottesville, Virginia, acquired the assets on October 16, 2023, at an undisclosed purchase price. Sale negotiations were handled by Eric Robison of Cushman & Wakefield | Thalhimer’s Capital Markets Group. Eric Robison comments, “The sale of Westerre I & II is evidence that welllocated office properties, near a strong amenity base, are still attractive to investors. With a diversified tenant rent roll and strong in-office occupancy, this portfolio will prove to be a tremendous acquisition for the buyer.”
About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs nearly 425 associates. Thalhimer represents, on behalf of its clients, a property portfolio of nearly 55 million leasable square feet, and management of nearly 30 million square feet of commercial property, and over 9,000 multifamily units. In 2022, Thalhimer completed over 1,900 transactions with a transactional volume of more than $2.3 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services. The firm offers comprehensive commercial real estate services including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties.
To learn more, visit www.thalhimer.com.
Thalhimer’s Capital Markets Group is the region’s leading investment sales team made up of professionals focused solely on capital markets and the sale of income-producing properties throughout Virginia. The team is experienced in office, industrial, retail and multi-family dispositions and since 2012 has completed 358 transactions totaling over $5.34 billion and over 60 million square feet.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.