{"id":1004134559,"date":"2016-01-14T02:54:11","date_gmt":"2016-01-14T10:54:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004134559"},"modified":"2020-05-11T02:40:58","modified_gmt":"2020-05-11T10:40:58","slug":"richmond-tower-changes-hands-receives-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/richmond-tower-changes-hands-receives-financing\/","title":{"rendered":"Richmond Tower Changes Hands, Receives Financing"},"content":{"rendered":"<p><em>By Balazs Szekely, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004134591\" style=\"width: 306px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Williams-Mullen-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004134591\" data-attachment-id=\"1004134591\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/richmond-tower-changes-hands-receives-financing\/williams-mullen-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Williams-Mullen-Center.jpg\" data-orig-size=\"860,871\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Williams Mullen Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Williams Mullen Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Williams-Mullen-Center.jpg?w=860\" class=\"size-medium wp-image-1004134591\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Williams-Mullen-Center.jpg\" alt=\"Williams Mullen Center\" width=\"296\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Williams-Mullen-Center.jpg 860w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Williams-Mullen-Center.jpg?resize=296,300 296w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Williams-Mullen-Center.jpg?resize=768,778 768w\" sizes=\"auto, (max-width: 296px) 100vw, 296px\" \/><\/a><p id=\"caption-attachment-1004134591\" class=\"wp-caption-text\">Williams Mullen Center<\/p><\/div>\n<p><strong>Richmond, Va.<\/strong>\u2014 Richmond Tower, also known as the Williams Mullen Center, has been sold recently in a transaction mediated by <a href=\"https:\/\/www.hfflp.com\/\" rel=\"nofollow\" target=\"_blank\">HFF<\/a>. The company represented the seller, <a href=\"https:\/\/www.armadahoffler.com\/\" rel=\"nofollow\" target=\"_blank\">Armada Hoffler Properties Inc<\/a>. in the transaction, and secured $52 million in fixed-rate acquisition financing for the 207,000-square-foot office tower. Kireland South 10th Street LLC purchased the tower for $78 million.<\/p>\n<p>Located at 200 South 10th St. in downtown Richmond, the 15-story tower is adjacent to Kanawha Plaza and just a few blocks from the Virginia State Capitol. It was completed in 2010 and it is currently 98 percent leased. Law firm <a href=\"https:\/\/www.williamsmullen.com\/\" rel=\"nofollow\" target=\"_blank\">Williams Mullen<\/a> occupies 82 percent of the space.<\/p>\n<p>The HFF investment sales team representing the seller was led by Stephen Conley, Dek Potts, Jim Meisel, Andrew Weir and Matt Nicholson. Senior Managing Director Cary Abod led the debt placement team. Adam Vaisman, Director of Acquisitions for Butters Construction and Development, and Richard Ostrovsky of MEK Management Services Inc., served as advisors to the buyer.<\/p>\n<p><em>Image via  Google StreetView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF announced today that has closed the sale and arranged financing for the Richmond Tower, a 207,000-square-foot office tower in downtown Richmond, Va. <\/p>\n","protected":false},"author":35,"featured_media":1004134591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21742,21747,36153],"tags":[],"class_list":["post-1004134559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-latest","category-office","category-richmond-hampton-roads"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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