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High Street Lofts Sell for $9.4 Million

Richmond, Va, October 13, 2021 – Colliers International in Virginia (“Colliers”) is pleased to announce the sale of High Street lofts located at 420, 422, and 526 High Street (the “Property”) in Petersburg, Va for $9,400,000.00, a record high for Tri Cities.

 

Originally constructed as the Seward Luggage Factory, the community was repurposed in 2008, 2011, and 2013, maintaining many of its unique and original factory designs. 100% occupied, the Property features 69 units with high-end finishes and an amenity package including multiple fitness centers, seating areas, a game room, and courtyard.

 

The Property is located in the historic district of Petersburg, minutes away from key transportation hubs such as I-95 and I-85.

Garrison Gore, Charles Wentworth, Hank Hankins, and Victoria Pickett represented the seller, Robin & Miller Associates.

 

Media Contact:

Jullieanne Cueto

Communications Specialist, Virginia and Raleigh, NC

Jullieanne.cueto@colliers.com

804-968-1970

 

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.


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Charles Wentworth

Executive Vice President

Richmond - North

Charles Wentworth has been actively involved in the commercial real estate field since 2007 focusing on multifamily acquisitions and sales in the Mid-Atlantic and Southeast. Charles joined the firm in 2012 to specialize in multifamily sales and represents private, high net-worth, and institutional clients in the central and western Virginia markets.  Since joining the firm, Charles has successfully completed transactions totaling $350 million.

Previously, Charles was an Associate for Apartment Realty Advisors (Now ARA Newmark) in Charlotte, North Carolina, one of the country’s largest multi-family brokerage firms. While an Associate with the firm, the group brokered nearly $2 billion of apartment communities in the primary, secondary, and tertiary markets of North Carolina and South Carolina.

Prior to starting a career in real estate, Charles held various sales and management positions with Ferguson Enterprises, the country’s largest supplier of plumbing, heating, and building products. Charles began his career with the firm as a management trainee in Tampa, Florida and was later promoted to management positions in Gainesville, Florida and Santa Monica, California.

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George Hankins

Executive Vice President

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George Hankins (Hank) is a Senior Vice President of Investment Properties, specializing in the execution of multifamily property sales throughout the Hampton Roads metropolitan area. Hank is an integral part of the underwriting, marketing and sales process for multifamily properties and promotes Colliers' platform in the Southeastern region of Virginia. 

During his career, Hankins has been involved in more than $1 billion in multifamily sales throughout the Hampton Roads and Richmond markets. In addition to dispositions, Hankins has also held the role as principal partner for Croatan Investments, leading their acquisitions team as it closed $125 million in multifamily property transactions in Virginia and North Carolina in a two-year period.

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