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January 24, 2018  

Leased-Up Virginia Offices Available

Bridge Investment has teed up a Virginia office complex after fully leasing it up.The 420,000-square-foot SunTrust Center 1&2, in the Richmond suburb of Glen Allen, is expected to command bids of roughly $68 million, or $162/sf. That would produce an initial annual yield in the realm of 7%. Cushman & Wakefield’s local affiliate, Thalhimer, is brokering the sale.Bridge, of Salt Lake City, acquired the property a year ago for $45 million. At...

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