Investment Summary

The Boulders is a 289,278 square-foot, 3-building portfolio of class-A office properties and an adjacent land parcel located in the Midlothian submarket of Richmond, VA that were acquired by Lingerfelt’s predecessor on April 3, 2012. At acquisition, the portfolio was 80% occupied by 32 tenants at an average gross rent of $17.85/sf.

Investment Info

Status: Realized
Property Type: Office
Square-Footage: 289,278
Strategy: Acquisition
Sub-Strategy: Reposition, Lease-Up
Entry Date: Apr 03, 2012
Exit Date: Sep 29, 2016
Total Capitalization: $24,800,000
Exit Price: $26,250,000
Lingerfelt Role: General Partner

Location