Armada Hoffler Properties has signed a brand new workplace lease at Armada Hoffler Tower, the 362,500-square-foot Class A workplace constructing in Virginia Seashore, Va., that additionally serves as its company headquarters. The brand new tenant is KPMG LLP, a U.S. audit, tax and advisory agency that may occupy 13,044 sq. ft, bringing the property’s occupancy to 98 p.c. Divaris Actual Property represented the owner, whereas Cushman & Wakefield | Thalhimer negotiated on behalf of the tenant.
The corporate’s new location will accommodate greater than 160 workers, mentioned KPMG Managing Companion Jason Kies in ready remarks. Different tenants on the property embody AW Monetary Companions, AECOM Companies Inc., Cushman & Wakefield and Morgan Stanley, amongst others, in response to CommercialEdge.
Inbuilt 2022 at 222 Central Park Ave., Armada Hoffler Tower is a 23-story workplace constructing that features 38,500 sq. ft of ground-level retail house, an on-site convention room, a health heart and 1,284 parking spots unfold throughout a nine-story construction, the identical supply reveals.
Armada Hoffler Tower rises on roughly 2 acres inside City Heart of Virginia Seashore, a mixed-use asset that includes 620,000 sq. ft of retail house, 760 residence items and a complete of 800,000 sq. ft of workplace house. Positioned near a number of bus stops, the property is 8 miles from Norfolk Worldwide Airport, 9 miles from Vibe Inventive District and inside 10 miles of downtown Norfolk, Va. Divaris Actual Property’s workforce of Senior Vice President Vivian Turok, President Michael Divaris and Government Vice President Krista Costa negotiated on behalf of the owner.
Workplace leasing within the space
Important workplace leases within the metro embody Franklin Road Properties Corp.’s 100,000-square-foot deal at Innbrook Company Heart in Glen Allen, Va. The ten.5-year settlement was signed by the Commonwealth of Virginia’s Division of Normal Companies in June.
In January 2023, Commonwealth Business Companions LLC has obtained a leasing project for an 11-building, 726,000-square-foot Class A workplace portfolio within the space. The properties are situated within the three Richmond, Va., submarkets and are fully owned and operated by Lingerfelt Commonwealth Companions.
