UNDER CONTRACT | 101 W Commerce Rd Richmond, VA 23224
About This Property
One South Commercial is honored to present 101 W Commerce Road – a premier fully leased office investment opportunity located in the heart of Richmond’s rapidly growing Manchester neighborhood.
Originally constructed in 1920, this 3 story former warehouse property was redeveloped as creative office by one of the building’s founding office tenants, CRT/tanaka, a local public relations firm since acquired by international public relations and marketing firm, Padilla. With approximately 40,000 SF of renovated creative office spanning across 3 floors, the building’s flexible layout, preservation of original historic warehouse features, and unique modern improvements offer a highly functional and dynamic blend of collaborative, meetings, and private workspaces.
The property’s large 13,000 SF floor plates are conveniently traversed by both elevator and stairwell access, easily accommodating the building’s two long term stable tenants which include both local developer and property management firm, Genesis Properties, as well as Padilla. Padilla’s occupancy spans across the 1st and 3rd floors, loosely integrated via a large dramatic 3rd floor atrium which opens to the 1st floor. Genesis Properties occupies the building’s 2nd floor, a space seamlessly demised around the building’s atrium opening.
The offering provides a rare “blue chip” opportunity to acquire a turn-key asset with an excellent high profile tenant base and substantial potential for upside over the long term. Located just minutes from Richmond’s CBD, Manchester’s impressive run-up in delivered and planned construction projects over the last 5 years, including apartments, office, and retail/restaurants have yielded a thriving network of young innovative businesses, new City-reputed destinations and amenities, and a burgeoning neighborhood resident base.
101 W Commerce is an outstanding investment in a high growth urban core location, impressively designed and renovated to be a notable market player for many years to come.