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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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Associate

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As an Associate and Financial Analyst with the Capital Market Advisors team in the Colliers International Richmond, Virginia office, Garrison participates in all facets of the investment transaction process, including investor communication, financial analysis, analytical decision support and technical expertise. With over $1 Billion in valuation experience, Mr. Gore utilizes Argus to analyze opportunities and enhance clients’ real estate investment strategies.

Prior to joining the Capital Market Advisors Team, Garrison developed his foundation in commercial real estate by first interning with the firm, where he developed a broad understanding of the valuation of various property types including office, industrial, and retail throughout the Mid-Atlantic.

Garrison attended the Moore School of Business at the University of South Carolina, where he studied finance and real estate, complimented by a minor in civil engineering.

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Charles Wentworth

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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.

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As part of the Colliers International Multifamily Advisory Group, Victoria specializes in the exclusive listing of multifamily properties throughout Virginia. To date, Victoria has transacted 75 multifamily or multifamily land opportunities totaling in excess of $1.5B  in sales volume with her mid-Atlantic team. She earned "Rookie of the Year" in 2017 from Hampton Roads Commercial Sales and Leasing Achievement Awards. Pickett has seven years' experience in multifamily disposition or underwriting, with former roles as financial analyst, market researcher, and auditor.

Prior joining Colliers International, Victoria was Vice President of Multifamily Investment Sales with CBRE|Hampton Roads, part of the CBRE affiliate network. Before brokerage, she was Financial Analyst and Market Researcher where she led the underwriting of income producing properties and research reporting. 

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