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CB Richard Ellis was hired to market for sale the entire Reynolds Metals Headquarters. The total project was over 560,000 SF and over 100 acres of land occupied by a major corporation (Alcoa) with buildings built between 1954 and 1971 that were in need of renovation and conversion from single tenant to multi-tenant.

 

 

CB Richard Ellis was hired to reposition the Forest Office Park, a campus of 19 buildings, which had suffered from years of deferred maintenance, a poor market perception and a reputation of overpricing and inflexibility.

 

 

 

 

CB Richard Ellis was hired to reposition 411 East Franklin Street which was struggling with low occupancy and an identity in its submarket. The project had very low occupancy wih over 40% vacant at the time CB Richard Ellis was hired. CB Richard Ellis changed the name of the project, worked with owners to advise them on how to use capital dollars for updates and was able to increase occupancy to 89%.

 

 

Aggressive tenant marketing, tenant retention and expansion efforts coupled with specific tenant targeting helped to reposition the largely vacant yet historic First National Bank Building located at 823 East Main Street in Richmond's Central Business District. 

 

 

 

 

 

 

 

 

 

 

 

CB Richard Ellis helped Apex Systems negotiate an aggressive long term lease deal in a Class A building of their choice and meeting their specific needs. The end result was a higher quality office environment for Apex Systems' company headquarters at a rental rate per rsf less than Apex was previously paying.

 

 

CB Richard Ellis was engaged to reposition a former Lowes Home Improvement Center located at 9130 West Broad Street into a small retail center.

 

 

CB Richard Ellis has been retained as the exclusive representative for the sale of the Gateway Building Located in the southwest quadrant of Richmond, Virginia.  The building consists of 127,000 SF, Class A office space and has access to all major Richmond Metropolitan areas and thorough fares.

 

CB Richard Ellis was hired to market 2810 N. Parham Road, a two-phase office project built in the 70's and 80's that was well located, but had grown physically obsolete and cosmetically tired. With a large Bank of America lease (65,000 RSF) expiring for the entire third floor and the Bank vacating the building, the occupancy level for the building decreased to forty percent.


The Hillcrest Building

 
1801 Bayberry Court
Suite 200
Richmond, VA 23226

T 804.320.5500
F 804.320.4839

Regional Managing Director
 
© 2009 CB Richard Ellis | Last Modified:Monday, November 16, 2009
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