Altria Building at Reynolds Crossing
Richmond, VA

Client
Reynolds Development

Description
This 222,057 SF Class B building in the Reynolds Crossing mixed-use development located at the intersection of I-64 and West Broad Street. It was built in 1968 and renovated in 2007. It is fully leased to a single credit tenant, Philip Morris USA, a wholly-owned subsidiary of Altria.

Structuring
With the single-tenant lease set to expire during the loan term, $36,500,000 of permanent financing was secured from a credit union lender.