StoneBridge Investments of Washington, DC has acquired Copper Spring, a 366-unit apartment community in the prestigious West End submarket of Richmond, VA, for $54.2 million. The new ownership plans to undertake strategic upgrades to the clubhouse and other amenities, as well as some of the residences. Copper Spring is StoneBridge’s first acquisition in Richmond, following its recent acquisitions of two apartment communities totaling 500 units in Atlanta’s Perimeter Center submarket.
Diversified Realty Ventures (DRV) of Richmond, VA has signed a short-term 17,500 square foot lease with the Federal Emergency Management Agency (FEMA) at Deep Run III, a 383,000 SF Class A office building in the Richmond suburb of Glen Allen. Located at 9954 Mayland Drive just off Interstate 64, the six-story Deep Run III building […]