CBRE ARRANGES $13.1M SALE OF RICHMOND OFFICE PORTFOLIO

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RICHMOND, VA. — CBRE has arranged the sale of the Lar Don Portfolio, a three-building office portfolio in Richmond consisting of the Vistas I, Vistas II and One Holland Place. Real Estate Value Advisors LLC purchased the 153,762-square-foot portfolio for $13.1 million. Vistas I and Vistas II are two three-story, Class B office buildings located at 5516-5540 Falmouth St. in the Glenside/I-64 submarket. One Holland is a four-story, Class B office building located at 2235 Staples Mill Road. David Wilkins, Will Bradley and Joe Marchetti of CBRE | Richmond represented the seller, Lar Don Realty LLC, in the transaction.

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