{"id":1004124383,"date":"2015-07-31T00:04:55","date_gmt":"2015-07-31T08:04:55","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=356580"},"modified":"2020-05-21T22:13:16","modified_gmt":"2020-05-22T06:13:16","slug":"select-income-reit-selects-to-shop-in-richmond","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/select-income-reit-selects-to-shop-in-richmond\/","title":{"rendered":"Select Income REIT Selects to Shop in Richmond"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<div id=\"attachment_356591\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Parham-Place-Royall-night-E_1-reduced.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-356591\" title=\"Parham Place\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Parham-Place-Royall-night-E_1-reduced.jpg\" alt=\"Parham Place\" width=\"300\" height=\"132\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Parham Place<\/p>\n<\/div>\n<p style=\"text-align: justify;\">July is turning into \u201cOffice Sales Month\u201d for the city of Richmond. After <a href=\"https:\/\/www.rockfordcp.com\" rel=\"nofollow\" >Rockford Capital Partners<\/a> purchased a <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/richmond-hampton-roads\/rockford-rocks-richmond\/1004123551.html\" >three-story Class A office building<\/a> in the 80-acre Gateway Center campus, another investor bought not one, but three office properties in the city.<\/p>\n<p style=\"text-align: justify;\">In a transaction which closed on July 20, <a href=\"https:\/\/www.sirreit.com\/\" rel=\"nofollow\" >Select Income REIT<\/a> paid $12.75 million to acquire the Parham Place office portfolio from South Carolina-based JEDD. <a href=\"https:\/\/www.thalhimer.com\/\" rel=\"nofollow\" >Cushman &amp; Wakefield | Thalhimer&#8217;s<\/a> Capital Markets Group represented the seller. The team included Eric Robison and Evan Magrill, SIOR.<\/p>\n<div id=\"attachment_356592\" class=\"wp-caption alignleft\" style=\"width: 150px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/0dd8ac3930384dfbe0aeea9e5eec7ea5.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-356592\" title=\"Eric Robison \" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/0dd8ac3930384dfbe0aeea9e5eec7ea5.jpg\" alt=\"Eric Robison \" width=\"140\" height=\"174\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Eric Robison<\/p>\n<\/div>\n<p style=\"text-align: justify;\">Parham Place is a single-tenant, headquarters office portfolio consisting of one two-story and two single-story buildings. The two-story asset was constructed in 2012. The other two were built in 1989 and 2002, and were both renovated last year. Together, Parham Place I, II and III, as the properties are known, offer a total of 88,890 square feet of space. The portfolio has been fully leased to a leading marketing firm since 2001.<\/p>\n<p style=\"text-align: justify;\">Parham Place marks Select Income REIT\u2019s second acquisition in the Richmond area. The company also purchased the MeadWestvaco building in the city\u2019s downtown in July 2013.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/www.thalhimer.com\/\" rel=\"nofollow\" ><em>Cushman &amp; Wakefield | Thalhimer<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>July is turning into &ldquo;Office Sales Month&rdquo; for the city of Richmond.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36153],"tags":[],"class_list":["post-1004124383","post","type-post","status-publish","format-standard","hentry","category-richmond-hampton-roads"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Select Income REIT Selects to Shop in Richmond - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/select-income-reit-selects-to-shop-in-richmond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Select Income REIT Selects to Shop in Richmond\" \/>\n<meta property=\"og:description\" content=\"July is turning into &ldquo;Office Sales Month&rdquo; for the city of Richmond.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/select-income-reit-selects-to-shop-in-richmond\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-31T08:04:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T06:13:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Parham-Place-Royall-night-E_1-reduced.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/select-income-reit-selects-to-shop-in-richmond\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/select-income-reit-selects-to-shop-in-richmond\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Select Income REIT Selects to Shop in Richmond\",\"datePublished\":\"2015-07-31T08:04:55+00:00\",\"dateModified\":\"2020-05-22T06:13:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/select-income-reit-selects-to-shop-in-richmond\\\/\"},\"wordCount\":201,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/select-income-reit-selects-to-shop-in-richmond\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Parham-Place-Royall-night-E_1-reduced.jpg\",\"articleSection\":[\"Richmond\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/select-income-reit-selects-to-shop-in-richmond\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/select-income-reit-selects-to-shop-in-richmond\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/select-income-reit-selects-to-shop-in-richmond\\\/\",\"name\":\"Select Income REIT Selects to Shop in Richmond - 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