{"id":1004279021,"date":"2018-11-13T04:13:43","date_gmt":"2018-11-13T12:13:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004279021"},"modified":"2022-12-08T21:32:09","modified_gmt":"2022-12-09T05:32:09","slug":"class-a-office-breaks-ground-in-charlottesville-va","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/class-a-office-breaks-ground-in-charlottesville-va\/","title":{"rendered":"Class A Office Breaks Ground in Charlottesville, VA"},"content":{"rendered":"<p><em>By Scott Baltic, Contributing Editor <\/em><\/p>\n<div id=\"attachment_1004279039\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/3TWENTY3.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004279039\" data-attachment-id=\"1004279039\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/class-a-office-breaks-ground-in-charlottesville-va\/3twenty3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/3TWENTY3.jpg\" data-orig-size=\"567,425\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"3TWENTY3\" data-image-description=\"&lt;p&gt;3TWENTY3&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;3TWENTY3&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/3TWENTY3.jpg?w=567\" class=\"wp-image-1004279039 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/3TWENTY3.jpg\" alt=\"3TWENTY3\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/3TWENTY3.jpg 567w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/3TWENTY3.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004279039\" class=\"wp-caption-text\">3TWENTY3<\/p><\/div>\n<p>Insite Properties has broken ground on 3TWENTY3, a 120,000-square-foot, Class A office building in downtown Charlottesville, Va. Cushman &amp; Wakefield | Thalhimer is the building\u2019s exclusive leasing representative.<\/p>\n<p>Sited at 323 Second St. SE, the property will consist of five floors of office space atop a four-story, 200-space parking structure. The project was designed by BB&amp;M Architects, of Charlotte, N.C.<\/p>\n<p>3TWENTY3 reportedly features the largest floor plates in the Charlottesville market. Amenities include a pedestrian plaza\/walkway, a rooftop terrace with patio, a conference and event facility, electric car charging stations and indoor bike racks, as well as views of the Blue Ridge Mountains.<\/p>\n<p>The general contractor is Batson-Cook Construction Co., of Atlanta, with Charlottesville resident Jay Kessler as project manager and owner representative. Completion is slated for spring 2020.<\/p>\n<p>\u201c<em>Nearly three years ago, we identified the need and found the site in Charlottesville for 3TWENTY3, a premier location for a first-class, institutional-quality, large-floor-plate office project<\/em>,\u201d Jay Blanton, managing partner of Insite, said in a prepared statement. \u201c<em>The building itself will positively influence recruiting of talented professionals that value connectivity to the diversity offered by an urban setting<\/em>.\u201d<\/p>\n<p>In April, international law firm McGuireWoods LLP leased 17,218 square feet at 3TWENTY3 for its relocated Charlottesville office.<\/p>\n<h2>Relief for a tight market&nbsp;<\/h2>\n<p>Charlottesville\u2019s office market is extremely tight, especially downtown, with vacancy below 3 percent and rents rising, according to a fourth-quarter report from Cushman &amp; Wakefield | Thalhimer.<\/p>\n<p>The Charlottesville-Albemarle region has a population of more than 230,000 and saw its gross metropolitan product grow by 2.3 percent from 2016 to 2017.<\/p>\n<p>In February, Cushman &amp; Wakefield | Thalhimer represented the seller, Riverbend Development, in the <a href=\"https:\/\/www.commercialsearch.com\/news\/charlottesville-retail-asset-changes-hands\/\">sale of the 10,518-square-foot Pantops Plaza Shopping Center<\/a> in Charlottesville.<\/p>\n<p><em>Image courtesy of Insite Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insite Properties is developing the 3TWENTY3 project, which has been in the planning stages for several years. The downtown building has already attracted a significant prelease from law firm McGuireWoods.<\/p>\n","protected":false},"author":882,"featured_media":1004279039,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,11,21742,21747],"tags":[42962,32799],"class_list":["post-1004279021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-midatlantic","category-latest","category-office","tag-batson-cook-development-company","tag-cushman-wakefield"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Class A Office Breaks Ground in Charlottesville, VA - 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\/class-a-office-breaks-ground-in-charlottesville-va\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Class A Office Breaks Ground in Charlottesville, VA\" \/>\n<meta property=\"og:description\" content=\"Insite Properties is developing the 3TWENTY3 project, which has been in the planning stages for several years. The downtown building has already attracted a significant prelease from law firm McGuireWoods.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/class-a-office-breaks-ground-in-charlottesville-va\/\" \/>\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=\"2018-11-13T12:13:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:32:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/3TWENTY3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"567\" \/>\n\t<meta property=\"og:image:height\" content=\"425\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/class-a-office-breaks-ground-in-charlottesville-va\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/class-a-office-breaks-ground-in-charlottesville-va\/\",\"name\":\"Class A Office Breaks Ground in Charlottesville, VA - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/class-a-office-breaks-ground-in-charlottesville-va\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/class-a-office-breaks-ground-in-charlottesville-va\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/3TWENTY3.jpg\",\"datePublished\":\"2018-11-13T12:13:43+00:00\",\"dateModified\":\"2022-12-09T05:32:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/class-a-office-breaks-ground-in-charlottesville-va\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/class-a-office-breaks-ground-in-charlottesville-va\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/class-a-office-breaks-ground-in-charlottesville-va\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/3TWENTY3.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/3TWENTY3.jpg\",\"width\":567,\"height\":425,\"caption\":\"3TWENTY3\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/class-a-office-breaks-ground-in-charlottesville-va\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Class A Office Breaks Ground in Charlottesville, VA\"}]},{\"@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\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"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\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. 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