The two buildings are Equitable Real Estate’s seventh properties in the Forest Office Park.
A Florida-based real estate firm with an appetite for suburban office space has added to its holdings in Henrico.
Equitable Real Estate Partners last week closed on the $6.4 million purchase of two buildings in the Forest Office Park – the Koger Building at 8001 Franklin Drive and the Nelson Building at 1503 Santa Rosa Road.
CBRE | Richmond brokers Will Bradley and Marc Allocca worked the deal, which closed June 14.
The seller of both buildings, according to Henrico property records, was Hardrock Development Co., which has an address on Grove Avenue.
The class B properties total about 84,000 square feet and are about 75 percent occupied.
Major tenants of the two buildings include Tuckahoe Orthopaedic, Virginia Cardiovascular, Westhampton Family Psychologists and Muscular Dystrophy Association.
The county recently assessed the buildings and their combined 7 acres at about $7.2 million.
With its two most recent assets secured, Equitable Real Estate now owns seven buildings totaling about 313,000 square feet in the office park.
About two years ago, the firm paid a total of $24.1 million for five properties in the park: the Almond Building at 1610 Forest Ave., the Culpepper Building at 1606 Santa Rosa Road, the Lee Building at 8004 Franklin Farms Drive, the Ratcliffe Building at 1602 Rolling Hills Drive and the Wythe Building at 1604 Santa Rosa Road.
The 1970s-era park, located at the intersection of Three Chopt Road and Forest Avenue, consists of 19 buildings totaling 710,000 square feet.
Equitable Real Estate tapped David Wilkins and Matt Anderson with CBRE | Richmond to handle the leasing for the two buildings, and Bradley said the company plans to update several of the suites.
Equitable Real Estate could not be reached for comment Wednesday afternoon.
The two buildings are Equitable Real Estate’s seventh properties in the Forest Office Park.
A Florida-based real estate firm with an appetite for suburban office space has added to its holdings in Henrico.
Equitable Real Estate Partners last week closed on the $6.4 million purchase of two buildings in the Forest Office Park – the Koger Building at 8001 Franklin Drive and the Nelson Building at 1503 Santa Rosa Road.
CBRE | Richmond brokers Will Bradley and Marc Allocca worked the deal, which closed June 14.
The seller of both buildings, according to Henrico property records, was Hardrock Development Co., which has an address on Grove Avenue.
The class B properties total about 84,000 square feet and are about 75 percent occupied.
Major tenants of the two buildings include Tuckahoe Orthopaedic, Virginia Cardiovascular, Westhampton Family Psychologists and Muscular Dystrophy Association.
The county recently assessed the buildings and their combined 7 acres at about $7.2 million.
With its two most recent assets secured, Equitable Real Estate now owns seven buildings totaling about 313,000 square feet in the office park.
About two years ago, the firm paid a total of $24.1 million for five properties in the park: the Almond Building at 1610 Forest Ave., the Culpepper Building at 1606 Santa Rosa Road, the Lee Building at 8004 Franklin Farms Drive, the Ratcliffe Building at 1602 Rolling Hills Drive and the Wythe Building at 1604 Santa Rosa Road.
The 1970s-era park, located at the intersection of Three Chopt Road and Forest Avenue, consists of 19 buildings totaling 710,000 square feet.
Equitable Real Estate tapped David Wilkins and Matt Anderson with CBRE | Richmond to handle the leasing for the two buildings, and Bradley said the company plans to update several of the suites.
Equitable Real Estate could not be reached for comment Wednesday afternoon.