Documents
Key facts
| Year Built | 2005 |
| Building Area |
|
| Occupancy | 95.0 % |
Property description
The investment opportunity is poised for a tremendous long-term outlook as the Property offers an unmatched
ability to attract and retain tenants due to attractive tenant buildouts, scenic views of the James River, an abovemarket
parking ratio, proximity to a robust amenity base, and an ideal CBD location. Moreover, Richmond’s economic
fundamentals remain strong as the metropolitan area’s 3.4% unemployment rate ranks among the nation’s lowest,
outperforming peer cities in the Mid-Atlantic and Southeast. As investment offerings in Richmond’s CBD are limited,
Riverside on the James presents investors with the generational opportunity to acquire a premier asset and obtain a
secure, cash flowing investment in one of the country’s top-performing markets.
Investment highlights
- Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for Riverside on the
- James (the “Property”), a 263,752 square foot, Class A trophy office asset located in Richmond’s flourishing Central
- Business District. Ideally positioned in the vibrant River District, the Property is 95.3% leased and offers a stable cash
- flow supported by a creditworthy tenant roster featuring exceptional remaining lease term. Anchor tenants Troutman
- Pepper (Top 50 US Law Firm) and PNC Bank (Moody’s: A2) occupy 77% of the Property and provide investors with
- long-term stability as original tenants at the asset with expirations in 2027 and 2028.
Ryan Clutter
Senior Managing Director, Office Group Co-Leader
Broker Licenses
MD-645969
NC-172952
SC-6364
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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.
Please go to the below link for our commitment to compliance (Japanese only).
https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation
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