State DEQ takes four floors in Bank of America Center in downtown Richmond
The Virginia Department of Environmental Quality has signed a lease for 81,553 square feet in the Bank of America Center in downtown Richmond.
The agency plans to occupy four floors in the 24-story building at 111 E. Main St. later this year. With the lease, the building will be about 88 percent occupied.
Other recent additions to the tenant roster include the Virginia Cable Telecommunications Association, Haneberg Hurlbert PLC and the Virginia Bar Association.
The Bank of America Center has been under new ownership since February 2016, when it was purchased for $42 million in a joint venture by Washington, D.C.-based District Bay Realty Advisors, a real estate investment firm, and Joe Ersek, a Washington developer.
The purchase also included two parking garages and a four-story office pavilion on Main Street.
The owners recently completed a multimillion-dollar exterior renovation of the Bank of America building and plan to do more interior and exterior cosmetic improvements.
Ersek said he is pleased with the leasing activity in one of the best-located properties in a rapidly improving downtown market.
“We are bullish on downtown,” he said, “and we expect the positive momentum in the market to continue.”
Malcolm Randolph and Scott Durham with CBRE|Richmond, a commercial real estate firm in Henrico County, represent the ownership in marketing and leasing the Bank of America Center.