The former tobacco factory was redeveloped into offices 14 years ago. (Mike Platania photo)
A piece of Tobacco Row has traded hands for nearly $30 million.
The Edgeworth Building at 2100 E. Cary St., among the largest office buildings in Shockoe Bottom, sold last week for $29.5 million, city property records show.
The buyer was Cary2100 LLC , a Delaware-registered entity tied to Allen Laufner. He could not be reached for comment.
Thalhimer, which represented the seller, described the buyer as a family office out of New York City. The deal closed on Feb. 26. Eric Robison from Thalhimer’s Capital Markets Group worked the deal.
The seller was Brookfield Properties, a massive New York-based real estate investment firm with hundreds of millions of square feet in its portfolio.
Reaching five stories and totaling 140,000 square feet, the Edgeworth building is a former tobacco factory that was converted into offices in 2007.
Law firm Hirschler Fleischer, whose name adorns the building, is one of its main tenants, along with engineering firm RK&K, accounting giant Ernst & Young and HKS Architects.
Thalhimer said the building is 95 percent leased. It was most recently assessed by the city at $17 million.
Brookfield’s local holdings include a stake of Short Pump Town Center, Chesterfield Town Centre and The River Lofts at Tobacco Row. Earlier this year, Brookfield acquired the Sunrise Villa Tuckahoe assisted living facility for $20 million.
Brookfield bought the building through a 2018 acquisition of Cleveland-based Forest City Realty Trust.
The former tobacco factory was redeveloped into offices 14 years ago. (Mike Platania photo)
A piece of Tobacco Row has traded hands for nearly $30 million.
The Edgeworth Building at 2100 E. Cary St., among the largest office buildings in Shockoe Bottom, sold last week for $29.5 million, city property records show.
The buyer was Cary2100 LLC , a Delaware-registered entity tied to Allen Laufner. He could not be reached for comment.
Thalhimer, which represented the seller, described the buyer as a family office out of New York City. The deal closed on Feb. 26. Eric Robison from Thalhimer’s Capital Markets Group worked the deal.
The seller was Brookfield Properties, a massive New York-based real estate investment firm with hundreds of millions of square feet in its portfolio.
Reaching five stories and totaling 140,000 square feet, the Edgeworth building is a former tobacco factory that was converted into offices in 2007.
Law firm Hirschler Fleischer, whose name adorns the building, is one of its main tenants, along with engineering firm RK&K, accounting giant Ernst & Young and HKS Architects.
Thalhimer said the building is 95 percent leased. It was most recently assessed by the city at $17 million.
Brookfield’s local holdings include a stake of Short Pump Town Center, Chesterfield Town Centre and The River Lofts at Tobacco Row. Earlier this year, Brookfield acquired the Sunrise Villa Tuckahoe assisted living facility for $20 million.
Brookfield bought the building through a 2018 acquisition of Cleveland-based Forest City Realty Trust.
And the tide rolls southward.