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R 100% Leased 419,653 s/f class A office park sold in the Richmond, VA market Cushman & Wakefield|Thalhimer and Cushman&Wakefield's DC office ink $62.4M sale

ISSUE HIGHLIGHTS Volume 30, Issue 12 June 22 - July 12, 2018 SAXUM REAL ESTATE ACQUIRES RED BANK ASSET

bilized asset, secondary market investment strategy. This is the second investment in the firm’s partnership with a multi-family office investor. They have retained Cushman & Wakefield | Thalhimer to lease and manage the property. The sale was completed by Eric Robison , a senior vice president in Cushman &Wake- field | Thalhimer’s Capital Markets Group, along with Eric Berkman executive man- aging director, and William Collins , executive vice chair- man of Cushman & Wakefield in Washington, D.C. Robison noted, “The asset was highly sought after not only due to the quality of the property and tenancy but also because the fundamentals of the Richmond market, particu- larly the Innsbrook submarket, are so strong.” 

ICHMOND, VA —An- other collaborative ef- fort from Cushman & Wakefield | Thalhimer’s Capital Markets Group and their partners in Washing- ton, D.C. has resulted in a significant transaction in the Richmond market. The team represented Bridge Investment Group in the $62.4 million sale of SunTrust Center One and Two, a two-building, class A office park located at 11011 and 11013 West Broad St. in the Innsbrook submarket of Richmond. Exceptionally well-located, the two buildings total 419,653 s/f and are situated on 32.3 acres. SunTrust Center One, comprised of 214,273 s/f, is 100% leased to SunTrust for ten years. The building recently underwent an extensive reno- vation with over $30 million

3A

11011 and 11013 West Broad St.

invested, transforming the as- set into a modern, collaborative workspace that includes a new lobby, fitness center, cafeteria, new glass store front, and all new high efficiency HVAC equipment. SunTrust Center Two, comprised of 205,380 s/f, is also 100% leased to five tenants, Magellan Health,

SunTrust Bank, RetailData, Home Care Delivered, and EMC Corporation. FD Stonewater of Washing- ton, D.C. acquired the asset on May 24, 2018 marking their first investment in the Richmond, Virginia market. The buildings were purchased within FD Stonewater’s sta-

SPOTLIGHTS MID YEAR

REVIEW Section C

Keystone Property Group’s SORA West site will include 125 room hotel Binswanger negotiates 400,000 s/f office lease for AmerisourceBergen in Conshohocken, PA

CONTRACTORS/ SUBCONTRACTORS

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CONSHOHOCKEN, PA — Binswanger announced its representation of Ameri-

sourceBer- gen in the selection of t h e i r n ew consolidated he adqua r - ters in Con- shoho cken at Keystone Pr op e r t y

David Binswanger

Directory

Shopping Centers.............................................5-16A Business Card/Billboard Directory.......................19A Owners, Developers & Managers............... Section B Mid Year Review........................................ Section C

SORAWest

site. The company, which is ranked #12 on the Fortune 500 and has over 21,000 associates worldwide, pro- vides pharmaceutical prod- ucts, value-driving services and business solutions that improve access to care. It serves as a partner in the pharmaceutical supply chain for thousands of healthcare providers, veterinary prac- tices, livestock producers and global manufacturers. 

Group’s SORA West site. The project will include a 400,000 s/f office building, 125 room hotel, 1,500 space parking garage, public spaces and restaurants. This will allow AmerisourceBergen to consolidate and expand its current operations in Con- shohocken and Chesterbrook. “It is extremely exciting that Pennsylvania’s larg- est company by revenue is making a long-term commit-

ment to the region in a way that will optimize operations and collaboration within the company. In addition, Conshohocken gets a new landmark that will be a catalyst in its contin- ued growth as a semi-urban environment” said David Binswanger , president and CEO of Binswanger. AmerisourceBergen plans to house approximately 1,500 employees at the

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