Leasing Momentum Continues in Deep Run III
RICHMOND, VA: Cushman & Wakefield | Thalhimer is pleased to announce two additional tenants have signed leases in June to occupy a combined 31,000 square feet within Deep Run III, 9954 Mayland Drive in Henrico County, Virginia. This 348,174 square foot class A, six-story building was previously the headquarters facility for Circuit City.
The newest tenants, Acision, LLC (16,472 sq.ft) and Appendix R Solutions (14,729 sq.ft.), will both occupy space on the third floor.
Travelers Insurance will lease 71,817 square feet on the sixth floor and a portion of the fifth floor.
Digital Benefit Advisors will be the first tenant to move into the building in August occupying approximately 13,057 square feet. Soon to follow will be Essex Bank who will be relocating their headquarters to Deep Run III, occupying 25,375 square feet on the 1st and 2nd floors.
Deep Run III is Richmond’s largest multi-tenant suburban office building and features fitness facilities, 150-person conference facility for use by its tenants and a café serving hot breakfast and lunch. With three other leases pending, the building’s owner anticipates Deep Run III to be 40 to 45% committed by summer 2013. In addition to a multi-million dollar renovation of the facility, ownership has begun construction on a 784-car parking deck which will increase the parking in the building to approximately 1,689 spaces.
Cushman & Wakefield | Thalhimer represented all parties in these two recent transactions. Brian K. Berkey and Austin H. Newman, SIOR represented tenants Acision and Appendix R. Austin Newman and Mark E. Douglas, CCIM, SIOR represents the landlord, DR III, LLC, and have leased approximately 141,450 square feet in 2013. While the building is enjoying significant leasing activity, there is still approximately 206,724 square feet remaining available square feet within the building.