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The bookbindery
60,000 Rentable Square Feet
Richmond, Virginia

Berman Kappler Properties acquired this downtown Richmond building from National Life of Vermont. The property is an historic renovation that has been converted to Class-A office space. Major tenants include the State of Virginia, Virginia Health Network and Richmond Magazine.

The property was acquired with an adjoining 170-space multi-level parking facility.

Berman Kappler has enhanced the property value with the installation of a new HVAC system, a renovated lobby and refurbished common areas.

VALUE ACHIEVED

  • Increased occupancy to 100% within the first year of ownership.
  • Substantially increased the ratio of credit tenants.
  • Refurbished the property to enhance the marketability of rentable office space.

 

 

 

 

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BERMAN KAPPLER PROPERTIES, LLC • 8000 TOWERS CRESENT DRIVE • SUITE 1300 • VIENNA, VIRGINIA 22182
TEL: 703-556-3242 • Copyright 2014 Berman Kappler Properties, LLC All Rights Reserved