February 15, 2017
Bridge Investment Group acquired WestMark Office, a 416,311-square-foot, two-building office complex at 11000 W. Broad St. in Glen Allen, VA for $45 million. Seller REF/New Boston owned the building since 2004, when it purchased the complex from Capital One Financial Corp. Cushmn & Wakefield/Thalhimer in Richmond, VA and Cushman & Wakefield’s Washington, D.C. Capital Markets Group represented RER/New Boston in the transaction.
WestMark One has 211,689 square feet, while WestMark Two has 204,662 square feet. WestMark One will be renamed SunTrust Center, when SunTrust takes the entire building late tis year. The new owner plans an $8 million renovation of the Richmond, VA metro property.