The gatekeeper of Virginia’s lawyers is getting new downtown digs.
The Bank of America Center at 1111 E. Main St.
The Virginia State Bar recently signed a 10-year lease to move about 80 employees to the Bank of America Center at 1111 E. Main St., spokesman Gordon Hickey said.
The state bar, which is currently at 707 E. Main St., will take 31,624 square feet on the sixth and seventh floors of the building.
The space is being renovated, and the bar hopes to move in April. It will hire a moving company through the state procurement process, Hickey said.
In the meantime, employees have started packing.
“If you move your house, it’s a lot of work. Multiply that by the number of people here,” Hickey said.
Hickey said the organization requested proposals and looked at several buildings downtown before choosing the Bank of America Center. Hickey said they needed to stay downtown to be close to the state Supreme Court.
The move will cost the state agency a little more each year in rent, but will reduce the group’s cost per square foot. Hickey said they currently pay $472,961 a year to rent 24,225 square feet, or $19.52 per square foot. The new rent will be $513,890 a year, or $16.25 per square foot.
The 545,000-square-foot Bank of America Center is owned by Cornerstone Real Estate Advisors, a Connecticut-based real estate investment firm. It is managed by CBRE | Richmond. According to city records, about $735,000 in building permits were applied for at the address in December, although the records do not say where in the building the work is being done or for whom.
Sands Anderson in September signed a lease on 5,800 additional square feet on the building’s 22nd floor, giving the law firm almost 39,000 square feet on the 22nd, 23rd and 24th floors.
Hickey said the state bar has been in its current space since 1992. Dominion Resources owns the building at 707 E. Main St. and didn’t renew the bar’s lease because the company needed the space back, he said.
The gatekeeper of Virginia’s lawyers is getting new downtown digs.
The Bank of America Center at 1111 E. Main St.
The Virginia State Bar recently signed a 10-year lease to move about 80 employees to the Bank of America Center at 1111 E. Main St., spokesman Gordon Hickey said.
The state bar, which is currently at 707 E. Main St., will take 31,624 square feet on the sixth and seventh floors of the building.
The space is being renovated, and the bar hopes to move in April. It will hire a moving company through the state procurement process, Hickey said.
In the meantime, employees have started packing.
“If you move your house, it’s a lot of work. Multiply that by the number of people here,” Hickey said.
Hickey said the organization requested proposals and looked at several buildings downtown before choosing the Bank of America Center. Hickey said they needed to stay downtown to be close to the state Supreme Court.
The move will cost the state agency a little more each year in rent, but will reduce the group’s cost per square foot. Hickey said they currently pay $472,961 a year to rent 24,225 square feet, or $19.52 per square foot. The new rent will be $513,890 a year, or $16.25 per square foot.
The 545,000-square-foot Bank of America Center is owned by Cornerstone Real Estate Advisors, a Connecticut-based real estate investment firm. It is managed by CBRE | Richmond. According to city records, about $735,000 in building permits were applied for at the address in December, although the records do not say where in the building the work is being done or for whom.
Sands Anderson in September signed a lease on 5,800 additional square feet on the building’s 22nd floor, giving the law firm almost 39,000 square feet on the 22nd, 23rd and 24th floors.
Hickey said the state bar has been in its current space since 1992. Dominion Resources owns the building at 707 E. Main St. and didn’t renew the bar’s lease because the company needed the space back, he said.