500 E. Main Street, a downtown office tower in the CBD of Norfolk, Virginia has been acquired in a $10.750 million deal. Picked up by Riverstone Properties, of Richmond, Virginia, the 16 story, 230,316 sqf office building includes 32 tenants and was 59 percent occupied at the time of the sale. BB&T anchors the property and operates a full-service bank branch on the first floor. Other major tenants include Hampton Roads Chamber of Commerce, Hunton & Williams, and Brown & Brown. Cushman & Wakefield | Thalhimerās Capital Markets Group represented the seller.
āWe were extremely pleased with the response we received on 500 E Main Street. With the positive momentum in the Norfolk CBD, an owned parking deck and potential to lease up existing vacancies, there was significant interest from both regional and out of town, value-add investors,ā said Eric Robison, Senior Vice President with Cushman & Wakefield | Thalhimerās Capital Markets Group.
