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Apartment site adjacent to International Mission Board in Richmond Sells for $5.1MM

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RICHMOND, VIRGINIA:  Cushman & Wakefield | Thalhimer announces the sale of a 2.2-acre parcel comprised of the office building at 1301 N. Hamilton Street and parking lot at 3700 Monument Ave. in the City of Richmond, Virginia. 

Silver Hills Development, Inc. purchased the parcels from The International Mission Board of the Southern Baptist Convention for $5,100,000. They plan to develop 263 apartments with structured parking with frontage on Monument Ave. and Hamilton St. just two blocks from Richmond’s work-live hot spot of Scott’s Addition.

L. Birck Turnbull of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.

 

About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, VA. The company has nearly 100 broker professionals and employs over 450 associates. Thalhimer represents, on behalf of its clients, a property portfolio of over 57 million leasable square feet, and management of over 30 million square feet of commercial property, and over 9,600 multifamily units. In 2020, Thalhimer completed over 1,700 transactions with a transactional volume more than $1.35 billion.  Thalhimer is the region’s leading provider of comprehensive commercial real estate services. The firm offers comprehensive commercial real estate services including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties.  
To learn more, visit www.thalhimer.com or follow @Thalhimer on Twitter.