Heironimus Building in Downtown Roanoke Sells

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September 14, 2018

Cushman & Wakefield | Thalhimer is pleased to announce the sale of the Heironimus building located at 401 S. Jefferson Street in the core of Downtown Roanoke, Virginia.
 
The Monument Companies purchased the property from Blue Eagle Partnership, LLC at an undisclosed price. The Heironimus building is one of the last and largest remaining redevelopment opportunities in Roanoke’s Downtown Historic District. The building represents approximately 110,000 square feet with up to 25,000 square feet of commercial space and around 80 market rate apartments along with on-site pool and fitness facilities. The property sits on the southwest corner of Church and Jefferson and within walking distance of the area’s main core of office space, restaurants and boutique retail establishments.
 
John K. Nielsen of Cushman & Wakefield | Thalhimer represented the seller in the sale of the Heironimus Building. Nielsen comments, “The buyer was excited about the opportunity to purchase a property with future redevelopment potential in a proven downtown. Heironimus embodies the adaptive reuse market that is in high demand for multi-family development and what makes Roanoke a great city to live, work and play.”  Additionally, John K. Nielsen has been named exclusive commercial leasing representative for the property under its new ownership.