Cushman & Wakefield | Thalhimer Tapped to Market Philip Morris Operations Center
- Oct 10, 2013
The Philip Morris USA Operations Center Facility in South Richmond has new representation. Cushman & Wakefield | Thalhimer has been selected to market the 570,000-square-foot property, succeeding CBRE Group Inc.
Located on a 186-acre site at 2001 Walmsley Blvd., the complex consists of more than 570,000 square feet of Class A space. It includes a 463,786-square-foot office and laboratory building, a 106,363-square-foot R&D and manufacturing building, about 61 undeveloped acres and a retail parcel of about four acres. The site is less than five miles from downtown Richmond and within a 20-minute drive of Richmond International Airport. It is accessible via Interstate 95 at Bells Road.
At most recent report, no asking price had been disclosed for the property, which Philip Morris USA initially brought to market in 2009. According to the city of Richmond, the land is valued at about $3 million, while the buildings are assessed at $27.9 million. Cushman & Wakefield | Thalhimer’s Jeffrey A. Cooke, L. Birck Turnbull and Austin H. Newman are representing the owners.
Cushman & Wakefield | Thalhimer has been active in the Richmond area in recent weeks. On Sept. 26, the company announced the sale of a 76,124-square-foot warehouse near to the Philip Morris operations center at 3000 Transport St. DSJ Virginia Properties L.L.C. sold the property to Erin Enterprises for $2 million. The firm also negotiated industrial leases totaling 156,700 square feet in Chesterfield County. Of those deals, the largest was Hill Phoenix’s lease for 90,000 square feet of distribution space in Bermuda Industrial Park at 1821 Battery Dantzler Rd.
Photo credits:Cushman & Wakefield | Thalhimer