SunTrust Center

Location: Glen Allen (Richmond), VA
Type: Office
Price: $41,200,000

SMC provided a $41,200,000 ten-year fixed rate mortgage to finance the acquisition of SunTrust Center, comprised of two 100% occupied class-A suburban office buildings – SunTrust Center One and Two – totaling 419,653 square feet. The Property is located in the Northwest office quadrant of Richmond, historically the more desirable location, and specifically in the Innsbrook office submarket. The Property is strategically positioned near the confluence of West Broad Street (Route 250), I-64 and I-295, three of the region’s main thoroughfares and less than 10 minutes from I-95 and Route 288.