{"id":1004717162,"date":"2024-06-13T04:25:17","date_gmt":"2024-06-13T12:25:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004717162"},"modified":"2024-06-14T10:03:50","modified_gmt":"2024-06-14T18:03:50","slug":"law-firm-extends-lease-at-richmond-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/","title":{"rendered":"Law Firm Extends Lease at Richmond Office Tower"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img decoding=\"async\" data-attachment-id=\"1004717170\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/williams-mullen-center-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center-e1718280575232.jpeg\" data-orig-size=\"1045,785\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;L2D-20c&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1715852997&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;12.29&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.0004&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Williams-Mullen-Center\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center-e1718280575232.jpeg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center.jpeg\" alt=\"Williams Mullen Center\" class=\"wp-image-1004717170\" style=\"width:400px\"\/><figcaption class=\"wp-element-caption\">Williams Mullen Center came online in 2010. <em>Image courtesy of Commonwealth Commercial Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Williams Mullen has extended its lease at 200 S. 10th St. in downtown Richmond, Va. The regional law firm has been anchoring the 15-story, 207,000-square-foot office building known as the Williams Mullen Center since its 2010 completion.<\/p>\n\n\n\n<p>MEK Management Services Inc., acting on behalf of the building\u2019s ownership, Kireland South 10th Street LLC, had agreed to extend the remaining term of the law firm\u2019s lease by seven years. <\/p>\n\n\n\n<p>The negotiation was executed well before the initial expiration date, as the previous 148,911-square-foot commitment was to expire in 2028, according to CommercialEdge information.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/law-firm-office-leasing-continues-to-rise\/\">Law Firm Office Leasing Continues to Rise<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Other terms of the deal were not disclosed. However, the tenant\u2019s leadership stated, in prepared remarks, that the firm had achieved its goal of remaining at the Williams Mullen Center with a much-improved financial arrangement.<\/p>\n\n\n\n<p>Jamie Galanti and Thomas Hatcher of Commonwealth Commercial Partners consulted for Williams Mullen during the lease negotiations. Trib Sutton of Divaris Real Estate Inc. represented the landlord.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-richmond-office-tower\">A Richmond office tower<\/h2>\n\n\n\n<p>Virginia Beach, Va.,-based Armada Hoffler developed the office tower at the corner of 10th and Canal streets in the <a href=\"https:\/\/www.commercialsearch.com\/news\/uli-special-report-the-past-present-future-of-cbds\/\">central business district<\/a> to serve as the Richmond home of Williams Mullen. When the developer sold it in January 2016 for $78 million, the building was 98 percent leased and Williams Mullen occupied 82 percent of the space.<\/p>\n\n\n\n<p>Williams Mullen Center has approximately 5,500 square feet of ground-floor retail space, 210 surface parking spaces and 900 covered parking spaces. Other tenants of the building include others law firms like Holland &amp; Knight and professional and financial services firms such as Agincourt Capital Management and Rockefeller Capital Management.<\/p>\n\n\n\n<p>The office tower is adjacent to Kanawha Plaza and just a few blocks from the Virginia State Capitol. The property is an easy walk to hotels, shops, residential buildings, restaurants, the James River Park System and Canal Walk. The building has direct access on and off the I-195 expressway.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-office-leasing-close-to-historical-averages-in-richmond\">Office leasing, close to historical averages in Richmond<\/h2>\n\n\n\n<p>While the Richmond office market ended the first quarter of 2024 at a 15 percent vacancy rate, the market has shown resilience and leasing activity has been close to historical averages from 2020 to 2023, according to a Newmark report. There was positive leasing activity in the first quarter of 2024 with four of the top five transactions being new leases.<\/p>\n\n\n\n<p>One of the new leases was in the CBD, where Atlantic Union Bankshares inked a direct lease for 18,586 square feet, Newmark data shows. Innsbruck remained Richmond&#8217;s most popular submarket.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Williams Mullen has been the anchor tenant of the 15-story building since its 2010 completion.<\/p>\n","protected":false},"author":1068,"featured_media":1004717170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,11,21742,21747,36153],"tags":[33265,32768],"class_list":["post-1004717162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-midatlantic","category-latest","category-office","category-richmond-hampton-roads","tag-commonwealth-commercial-partners","tag-divaris-real-estate-inc"],"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>Law Firm Extends Lease at Richmond Office Tower - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Regional law firm Williams Mullen has extended its office lease at 200 S. 10th St. in downtown Richmond, Va.\" \/>\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\/law-firm-extends-lease-at-richmond-office-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Law Firm Extends Lease at Richmond Office Tower\" \/>\n<meta property=\"og:description\" content=\"Regional law firm Williams Mullen has extended its office lease at 200 S. 10th St. in downtown Richmond, Va.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/\" \/>\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=\"2024-06-13T12:25:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-14T18:03:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center-e1718280575232.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1045\" \/>\n\t<meta property=\"og:image:height\" content=\"785\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\/law-firm-extends-lease-at-richmond-office-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/\",\"name\":\"Law Firm Extends Lease at Richmond Office Tower - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center-e1718280575232.jpeg\",\"datePublished\":\"2024-06-13T12:25:17+00:00\",\"dateModified\":\"2024-06-14T18:03:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"description\":\"Regional law firm Williams Mullen has extended its office lease at 200 S. 10th St. in downtown Richmond, Va.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center-e1718280575232.jpeg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center-e1718280575232.jpeg\",\"width\":1045,\"height\":785,\"caption\":\"Williams Mullen Center\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Law Firm Extends Lease at Richmond Office Tower\"}]},{\"@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\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"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\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Law Firm Extends Lease at Richmond Office Tower - Commercial Property Executive","description":"Regional law firm Williams Mullen has extended its office lease at 200 S. 10th St. in downtown Richmond, Va.","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\/law-firm-extends-lease-at-richmond-office-tower\/","og_locale":"en_US","og_type":"article","og_title":"Law Firm Extends Lease at Richmond Office Tower","og_description":"Regional law firm Williams Mullen has extended its office lease at 200 S. 10th St. in downtown Richmond, Va.","og_url":"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-06-13T12:25:17+00:00","article_modified_time":"2024-06-14T18:03:50+00:00","og_image":[{"width":1045,"height":785,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center-e1718280575232.jpeg","type":"image\/jpeg"}],"author":"Gail Kalinoski","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\/law-firm-extends-lease-at-richmond-office-tower\/","url":"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/","name":"Law Firm Extends Lease at Richmond Office Tower - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center-e1718280575232.jpeg","datePublished":"2024-06-13T12:25:17+00:00","dateModified":"2024-06-14T18:03:50+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"description":"Regional law firm Williams Mullen has extended its office lease at 200 S. 10th St. in downtown Richmond, Va.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center-e1718280575232.jpeg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center-e1718280575232.jpeg","width":1045,"height":785,"caption":"Williams Mullen Center"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/law-firm-extends-lease-at-richmond-office-tower\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Law Firm Extends Lease at Richmond Office Tower"}]},{"@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\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","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\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Williams-Mullen-Center-e1718280575232.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004717162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004717162"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004717162\/revisions"}],"predecessor-version":[{"id":1004717535,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004717162\/revisions\/1004717535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004717170"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004717162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004717162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004717162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}