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.