Commonwealth Centre sells in Virginia

Investor eyes class A value

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Thalhimer/Cushman & Wakefield arranged the sale of One Commonwealth Centre, a 62,863-square-foot office building in Richmond, Va. The value of the transaction was approximately $9.4 million. Statewide Property Management LLC purchased the class A office building, located at 5309 Commonwealth Centre Parkway, as an investment.  At the time of sale by Commonwealth Centre Ventures LLC, the property was 87 percent leased. Morton G. Thalhimer Inc. is an independent real estate services company. ...