Heironimus Building Under Contract
Cushman & Wakefield | Thalhimer has been selected as the exclusive commercial leasing representative for the Heironimus building located at 401 S. Jefferson Street in Roanoke, Virginia. John K. Nielsen, exclusive representative comments, “We are extremely excited to continue to work on this redevelopment project as we commence pre-leasing activities. The Monument Company is creating unique residential and commercial space that will be a one-of-a-kind opportunity within the Roanoke market. Once completed, we believe the restaurant and commercial space will be the best location in downtown Roanoke.”
Chris Johnson and Tom Dickey, principles of The Monument Companies, are the contract buyers for the sale of the property. Johnson comments, “The Heironimus building is an impressive and unique historic building. We are excited to begin the development and help contribute to an already impressive revitalization of downtown Roanoke.” Dickey adds, “We are in the fortunate position to be involved in the last major redevelopment project in downtown Roanoke and feel lucky to work with a great city in a market that has such an upwards trajectory.”
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. The property sale is expected to occur by the end of September.
About The Monument Companies
The Monument Companies (Monument) are a controlled group of companies that provide fully integrated real estate development, construction and property management services to clients across Virginia. Monument, headquartered in Richmond, VA, was founded in 1998 by Chris Johnson and Tom Dickey. Monument is active in its own internal development and joint ventures, and also performs fee based development and/or construction services for other leading developers. While Monument is involved in all types of development, including new construction and commercial, it is an industry leader in urban multi-family and mixed-use Historic Rehabilitation Tax Credit projects. Monument is currently active in the Richmond, Hampton Roads and Tri Cities markets and has completed over $200 million in historic tax credit projects. To learn more, visit http://themonumentcompanies.com http://legendpropertygroup.com
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, VA; and Charleston, Greenville, SC. The company has over 100 broker professionals and employs over 400 associates. Thalhimer represents, on behalf of its clients, a property portfolio of over 53 million leasable square feet, and management of nearly 25 million square feet of commercial property, and over 7,250 multifamily units. In 2017 Thalhimer completed over 2,000 transactions with a transactional volume over $1.3 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services. The firm offers comprehensive commercial real estate services including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties. To learn more, visit www.thalhimer.com or follow @Thalhimer on Twitter. Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.