{"id":1004136859,"date":"2016-02-12T01:30:56","date_gmt":"2016-02-12T09:30:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004136859"},"modified":"2020-05-18T15:06:11","modified_gmt":"2020-05-18T23:06:11","slug":"bank-of-america-office-tower-sells-in-richmond","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/","title":{"rendered":"Bank of America Office Tower Sells in Richmond"},"content":{"rendered":"<p><em>By Bogdan Odagescu, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004136861\" style=\"width: 217px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/BofA-Tower-Richmond.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004136861\" data-attachment-id=\"1004136861\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/bofa-tower-richmond\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/BofA-Tower-Richmond.jpg\" data-orig-size=\"546,793\" 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=\"Bank of America Center, Richmond, Va.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bank of America Center, Richmond, Va.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/BofA-Tower-Richmond.jpg?w=546\" class=\"wp-image-1004136861 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/BofA-Tower-Richmond.jpg\" alt=\"Bank of America Center, Richmond, Va.\" width=\"207\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/BofA-Tower-Richmond.jpg 546w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/BofA-Tower-Richmond.jpg?resize=207,300 207w\" sizes=\"auto, (max-width: 207px) 100vw, 207px\" \/><\/a><p id=\"caption-attachment-1004136861\" class=\"wp-caption-text\">Bank of America Center, Richmond, Va.<\/p><\/div>\n<p><strong>Richmond, Va.<\/strong>\u2014<a href=\"https:\/\/www.thalhimer.com\/\" rel=\"nofollow\" target=\"_blank\">Cushman &amp; Wakefield | Thalhimer\u2019s Capital Markets Group<\/a> recently announced it has facilitated, on behalf of owner <a href=\"https:\/\/www.gptreit.com\/\" rel=\"nofollow\" target=\"_blank\">Gramercy Realty<\/a>, the sale of the Bank of America Center in Richmond. The building was bought by an undisclosed private investment group made up of principals from New York and Washington, D.C. The financial details of the transaction have not been disclosed. The <a href=\"https:\/\/www.richmondgov.com\/Assessor\/index.aspx\" rel=\"nofollow\" target=\"_blank\">Richmond Real Estate Assessor\u2019s Office<\/a> online records show a 2016 evaluation of the asset at nearly $52 million.<\/p>\n<p>Completed in 1974, the Bank of America office tower is situated close to the Virginia State Capitol and the City Hall, offering great connections through the nearby I-95, I-64, and US 195. Other institutions in the vicinity include the Federal Reserve Bank of Richmond, the US Court of Appeals, and the Supreme Court of Virginia.<\/p>\n<p>Sitting in the heart of Richmond\u2019s Financial District at 1111 E Main St., the building spans 513,479 square feet over 24 floors and features two parking garages and an additional four-story office pavilion. The vicinity offers several upscale hotels and a plethora of high-end dining options.<\/p>\n<p>At the time of sale, the occupancy rate was 71 percent. Major tenants include Bank of America, the Commonwealth of Virginia, the Virginia Resources Authority, and three law firms\u2014McCandlish Holton, DuretteCrump, and Sands Anderson. According to the <a href=\"https:\/\/www.virginiabusiness.com\/news\/article\/cbre-announces-leases-in-bank-of-america-center-in-richmond\" rel=\"nofollow\" target=\"_blank\">Virginia Business<\/a>, former owner Gramercy Realty invested more than $10 million into the property&#8217;s redevelopment since its previous sale in 2011.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An undisclosed private investment group purchased the Bank of America office tower in Richmond, Va., from Gramercy Realty.<\/p>\n","protected":false},"author":740,"featured_media":1004136861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,11,21742,21747,36153],"tags":[],"class_list":["post-1004136859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midatlantic","category-latest","category-office","category-richmond-hampton-roads"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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He joined CPE and MHN in 2016, as associate editor. Bogdan coordinates news writing and editing work for the two publications, among others. He has a background in English, literature, translation and cultural journalism, and holds an MA in contemporary literature and culture from Birkbeck College, University of London.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/bogdanodagescu\/\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/bogdan-odagescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bank of America Office Tower Sells in Richmond - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/","og_locale":"en_US","og_type":"article","og_title":"Bank of America Office Tower Sells in Richmond","og_description":"An undisclosed private investment group purchased the Bank of America office tower in Richmond, Va., from Gramercy Realty.","og_url":"https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-02-12T09:30:56+00:00","article_modified_time":"2020-05-18T23:06:11+00:00","og_image":[{"width":546,"height":793,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/BofA-Tower-Richmond.jpg","type":"image\/jpeg"}],"author":"Bogdan Odagescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/","url":"https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/","name":"Bank of America Office Tower Sells in Richmond - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/BofA-Tower-Richmond.jpg","datePublished":"2016-02-12T09:30:56+00:00","dateModified":"2020-05-18T23:06:11+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/BofA-Tower-Richmond.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/BofA-Tower-Richmond.jpg","width":546,"height":793,"caption":"Bank of America Center, Richmond, Va."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/bank-of-america-office-tower-sells-in-richmond\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Bank of America Office Tower Sells in Richmond"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162","name":"Bogdan Odagescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96","caption":"Bogdan Odagescu"},"description":"Bogdan Odagescu is an executive editor with Commercial Property Executive and Multi-Housing News. 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