Fully Leased Office Investment Opportunity - Manchester
101 West Commerce Road Richmond Virginia 23224
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ONE SOUTH COMMERCIAL IS HONORED TO PRESENT 101 W COMMERCE ROAD – A PREMIER FULLY LEASED OFFICE INVESTMENT OPPORTUNITY LOCATED IN THE HEART OF RICHMOND’S RAPIDLY GROWING MANCHESTER NEIGHBORHOOD.
Originally constructed in 1920, this 3 story former warehouse property was redeveloped as creative office by one of the building’s founding office tenants, CRT/Tanaka, a local public relations firm since acquired by international public relations and marketing firm, Padilla. With approximately 40,000 SF of renovated creative office spanning across 3 floors, the
building’s flexible layout, preservation of original historic warehouse features, and unique modern improvements offer a highly functional and dynamic blend of collaborative, meeting, and private workspaces.
The property’s large 13,000 SF floor plates are conveniently traversed by both elevator and stairwell access, easily accommodating the building’s two long term stable tenants which include both local developer and property management firm, Genesis Properties, as well as Padilla. Padilla’s occupancy spans across the 1st and 3rd floors, loosely integrated via a large dramatic 3rd floor atrium which opens to the 1st floor. Genesis Properties occupies the building’s 2nd floor, a space seamlessly demised around the building’s atrium opening.
The offering provides a rare “blue chip” opportunity to acquirea turn-key asset with an excellent high profile tenant base and substantial potential for upside over the long term. Located just minutes from Richmond’s CBD, Manchester’s impressive run-up in delivered and planned construction projects over the last 5 years, including apartments, office, and retail/restaurants have yielded a thriving network of young innovative businesses, new city-reputed destinations and amenities, and a burgeoning neighborhood resident base. 101 W Commerce is an outstanding investment in a high growth urban core location, impressively designed and renovated to be a notable market player for many years to come.
*owner/agent.
The One South Commercial team has a wide variety of real estate experience between them, and much of that comes from Ann Schweitzer Riley. After graduating from UVA, Ann began exploring real estate from every angle, first as a residential real estate appraiser in Charlottesville, VA. After holding that role and spending some time as a legal assistant, Ann relocated to Richmond in 2008 to work with an affordable housing nonprofit. There, she discovered a new passion for construction and real estate development. This led her to begin a journey to a career in commercial real estate. She worked as a real estate construction project manager and a corporate commercial leasing agent before bringing her talents to One South Commercial as a commercial leasing agent.
Ann’s main focus is urban commercial properties, which includes office, retail, multifamily, industrial, and mixed use properties. Her experience representing commercial property owners, buyers, landlords, and commercial tenants along with her expertise in property investment, development, and leasing makes Ann a standout partner. Her experience in both residential and commercial product applications as well as in commercial sales and leasing provide an unmatched foundation for her expertise in use, property disposition, redevelopment, and asset/product optimization.
Ken Campbell is a commercial real estate veteran who brings over twenty years of transaction experience to his role as a broker at One South Commercial. Ken is highly experienced in transactions across North America. His expertise spans the commercial real estate spectrum with most of this work occurring in the office and industrial sectors.
Ken has represented both tenants and landlords across the country since he transitioned from in-house corporate real estate to brokerage over six years ago. He worked with a wide range of clients from individuals for Fortune 500 companies. Ken’s experience and knowledge provides his clients with a tremendous advantage in real estate transactions and make him a trusted and dependable partner.
Tom Rosman has been brokering investment real estate since the early 1990’s in the Richmond, VA, metro area. He has brought hundreds of transactions to a successful conclusion, including large apartment complexes, apartment buildings in historic neighborhoods, office buildings, retail properties, mixed use buildings, and numerous historic adaptive reuse properties.
Tom was one of the first brokers to recognize the transformative changes occurring in many of Richmond’s most architecturally significant but ignored neighborhoods. Having helped place many of the warehouses and other commercial structures in the hands of Richmond’s development community, Tom’s belief in what a property should be was never compromised by the condition it was in.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed
