Greater Richmond Partnership Business First Greater Richmond

Greater Richmond companies have access to a network of resources needed to support their business success.

Business First Greater Richmond Screenshot
Richmond: Love What You Find

Relocating to Greater Richmond, Virginia? You will find what you love, and love what you find.

Richmond: Love What You Find Screenshot

The City of Richmond & Counties of Chesterfield, Hanover and Henrico

Home

Riverstone Properties acquires The James Center for $108 million

Call it hometown pride combined with the opportunity to buy an iconic office complex at a good price in a prime location. Those were the makings of a deal Riverstone Properties couldn’t pass up.

The real estate arm of Bill Goodwin’s Riverstone Group announced Thursday that it had acquired the 1-million-square-foot James Center complex in downtown Richmond for $108 million.

Goodwin is one of Richmond’s best-known businessmen and philanthropists, and Riverstone has a reputation for restoring properties to their former grandeur.  Millions in renovations are planned for the three office towers on East Cary Street, said Jeff Galanti, a principal with Riverstone Properties. “When we say Class A, we mean Jefferson Hotel Class A,” he said, referring to one of Richmond’s premier hotels.

 

Copyright Virginia Business. Find the full article here.

Back to top
RVA USA