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Sale of The Midtown Office Portfolio

Richmond, VA – January 12th, 2021 – Colliers International (“Colliers”) is pleased to announce the sale of The Midtown Office Portfolio (“The Portfolio”) in Richmond, Virginia for $19,200,000.00. 

The Midtown Office Portfolio is a 155,368 SF, three building office portfolio with prominent positions in the highly sought after Glenside I-64 and Midtown office submarkets in Richmond’s West End with direct I-64 access via two prominent interchanges. Comprised of three suburban Richmond office assets, One Holland Place (2235 Staples Mill Road) and Vistas I & II (5540 & 5516 Falmouth Street), the portfolio is 92% leased to a reputable tenant roster including Kroger, PPD, Commonwealth of Virginia and Azura Vascular Care.

Will Bradley, Executive Vice President, and Mark Williford, Vice President, represented the seller, Allegiancy. The Buyer was Midtown Richmond, LLC.

“Richmond continues to be a desirable market for capital providing resiliency and stability since last Spring, said Will Bradley. The Midtown Office Portfolio in particular provides unmatched location, pandemic resilient fundamentals and tenancy which resonated with investors. We received significant investor interest in one of the most volatile investment climates in recent history, which further speaks to Richmond’s position as a top Mid-Atlantic investment market”

The Midtown Portfolio is the second notable office portfolio transaction in the Glenside I- 64/Midtown submarket in 2020. In March, the 116,000 sq. ft. Glen Forest Portfolio sold for $15,000,000. Will Bradley and Mark Williford handled that transaction on behalf of Grander Capital. The Colliers Capital Markets Team has closed over $160,000,000 in transactions since the start of the pandemic most recently closing Moorefield Commons ($8.2 million) and The City of Richmond Registrar’s Office ($8.9 million) in Richmond’s suburban market at the end of December.

Colliers has offices in Charlottesville, Fredericksburg, Richmond, and Norfolk. To learn more about Colliers or to view other investment sales opportunities, please visit:

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Will Bradley

Executive Vice President

Richmond - North

Will Bradley is Executive Vice President for Colliers International specializing in structuring and facilitating the acquisition and disposition of complex development and institutional investment properties across the United States Prior to joining Colliers in 2019, Mr. Bradley spent over a decade with CBRE. 
Mr. Bradley’s background in financial and market analysis combined with his significant ongoing deal activity delivers his clients unmatched transparency into the current real estate markets. Mr. Bradley’s client’s further benefit from his understanding of the development process and comprehensive scenario analyses incorporated into his strategic advisory to achieve his clients’ goals. Over the past two years, he has handled more than $800 million in transaction advisory services.

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Mark Williford

Senior Vice President

Richmond - North

Mr. Williford specializes in investment sales transactions throughout the Mid-Atlantic and Southeast and brings an unparelled level of passion and expertise to the business. With over 8 years of commercial real estate experience he has successfully represented private, high-net worth and institutional clientele in the successful disposition of retail, mixed-use, office and industrial assets totaling $1.7B+.  

Prior to joining Colliers International, Mr. Williford was a Director at HFF in Denver, Colorado, one of the largest and most successful commercial real estate capital intermediaries serving the United States and Western Europe. Prior to joining HFF, Mr. Williford was a leasing broker with SullivanHayes focused on tenant and landlord representation where he completed more than 500,000 square feet of lease transactions. He began his career in real estate as an intern at The Wilton Companies in Richmond, Virginia.

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