Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 2005
Building Area
Occupancy 95.0 %

Property Description

The investment opportunity is poised for a tremendous long-term outlook as the Property offers an unmatched ability to attract and retain tenants due to attractive tenant buildouts, scenic views of the James River, an abovemarket parking ratio, proximity to a robust amenity base, and an ideal CBD location. Moreover, Richmond’s economic fundamentals remain strong as the metropolitan area’s 3.4% unemployment rate ranks among the nation’s lowest, outperforming peer cities in the Mid-Atlantic and Southeast. As investment offerings in Richmond’s CBD are limited, Riverside on the James presents investors with the generational opportunity to acquire a premier asset and obtain a secure, cash flowing investment in one of the country’s top-performing markets.

Investment Highlights

  • Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for Riverside on the
  • James (the “Property”), a 263,752 square foot, Class A trophy office asset located in Richmond’s flourishing Central
  • Business District. Ideally positioned in the vibrant River District, the Property is 95.3% leased and offers a stable cash
  • flow supported by a creditworthy tenant roster featuring exceptional remaining lease term. Anchor tenants Troutman
  • Pepper (Top 50 US Law Firm) and PNC Bank (Moody’s: A2) occupy 77% of the Property and provide investors with
  • long-term stability as original tenants at the asset with expirations in 2027 and 2028.
Last Updated Date: 30 Sep 2020
Christopher Lingerfelt
Christopher Lingerfelt
Senior Director, Capital Markets
License details
NC-286599
Ryan Clutter
Ryan Clutter
Senior Managing Director, Carolinas Office Co-Head
License details
MD-645969 ND-172952 SC-6364

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Last Updated Date: 30 Sep 2020

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