
The Anchor Group Expands Richmond Presence with Acquisition of Commonwealth Centre
RICHMOND, VIRGINIA: Cushman & Wakefield | Thalhimer announces the sale of Commonwealth Centre, located at 5309 Commonwealth Centre Parkway, a quickly-developing portion of Chesterfield County, Virginia, easily accessible via Route 288 and Hull Street Road.
The Anchor Group acquired the 63,000 square foot class A office building from 5309 Commonwealth LLC on January 22, 2019 for $4,800,000. To accommodate aggressive growth plans, Anchor Financial will partially occupy three floors of the four-story building. Ryan Leggett, President & CEO comments “we are thrilled about the possibilities this acquisition and renovation will provide both to the clients that we serve as well as our fast growing group of professionals. With our unique approach and comprehensive client first solutions platform this will allow us to further advocate and support the underserved business and personal markets that miss opportunities daily due to the lack of integrated solutions available in the marketplace today.”
Anchor Financial has retained Baskervill for renovations of Commonwealth Centre’s common areas, the addition of a conference facility, and other shared building amenities. In partnership with Thalhimer, Baskervill kicked off the design process with rigorous space analysis and cost estimation efforts to mirror Anchor’s bold aspirations for the office environment without breaking any budgets. “From day one, it was clear to the design team that Anchor Financial wants to break down the common preconceived notions people have about financial planning,” explains Baskervill Principal and Director of Workplace Strategies Susan Orange. “Our mandate has been to deliver a technology-rich environment with an ultra-modern aesthetic to spark collaboration among staff while also enabling lead planners to foster deeper connections with clients.”
The community-centric first floor will feature a double-height lobby with flexible areas and amenities for the use of other tenants and Anchor’s non-profit partners.. True to its mission of shaking off the “old fashioned ways of working,” the second floor does away with static work stations—opting for unassigned bench seating that allows people to interact with the space and each other in dynamic ways.
Anchor plans to move into the space no later than September of 2019. “We’re certainly moving at lightning speed,” adds Orange. “But it’s been a seamless process because Anchor Financial has such a clear vision—and they’ve trusted us to run with it and deliver.”
Brian K. Berkey of Cushman & Wakefield | Thalhimer represented the purchaser in the sale of Commonwealth Centre, and Evan M. Magrill, SIOR, also with Thalhimer, represented the seller. Katie Chalmers, Project Manager with Thalhimer is overseeing construction plans. Lindsay Shaw will continue to manage the property. Evan Magrill will handle leasing on current and future vacancies.