
Iconic “Blue Building” Sells for $2.8MM in Richmond’s Libbie & Grove Commercial Area
RICHMOND, VIRGINIA: Cushman & Wakefield | Thalhimer is pleased to announce the sale of the iconic “Blue Building” located at 5609-5611 Patterson Avenue in Richmond’s sought-after Libbie & Grove area in Henrico County, Virginia.
Bollinger Properties, LLC purchased the 100%-occupied 8,000 square foot retail building from Blue Building, LLC for $2,800,000 as an investment to accommodate Stony Point Wealth Management’s office. Existing first-floor tenants include a full-service salon and wellness spa; the second floor walk-up features office space for financial services.
Connie Jordan Nielsen of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.
Written on March 16, 2022