By Timea Papp
Cushman & Wakefield | Thalhimer brokered a new lease at One Ten Franklin, a 193,043-square-foot, Class A office tower in downtown Roanoke, Va. Associated Asphalt, an independent asphalt reseller, will occupy the building’s entire ninth floor, totaling approximately 19,632 square feet, where it plans to establish its new headquarters.
Located at 110 Franklin Road SE, the 12-story property was constructed in 1992 and recently traded in a $10 million deal, according to public records. Associated Asphalt has 260 employees across Virginia, West Virginia, the Carolinas, Georgia and Florida.
Intense leasing activity
Vice President Barry Ward and Associate Price Gutshall of Cushman & Wakefield | Thalhimer’s Roanoke office worked on behalf of the owner, 110 Franklin LLC, in the lease negotiations. Earlier this month, they inked a lease with another tenant at One Ten Franklin. PowerSchool, an education platform for K-12, will occupy two floors totaling 40,000 square feet in early 2018.
“Associated Asphalt is a great company and we are excited that their new headquarters will be at One Ten Franklin,” said Gutshall, in prepared remarks.
Image courtesy of Cushman & Wakefield | Thalhimer