Grander Capital Partners acquires Richmond-area office building

Published May 11, 2015 by Robert Powell, III

Boston-based Grander Capital Partners has added a Richmond-area office building to its portfolio.

A company affiliate, GCP Forest Office Park LLC, has bought the 55,052-square-foot Campbell Building at 8002 Discovery Drive from Campbell Investors LLC.

The sale price was not disclosed. CBRE|Richmond announced the deal.

In a statement, Jeffrey Clary, principal of Grander Capital Partners, said  the company “is excited about continuing to grow its footprint in the Richmond market given the positive growth story Richmond presents.”

A commercial real estate investment management services company, Grander Capital Partners owns and operates office and industrial properties in the mid-Atlantic and Northeast. Its holdings include another Richmond-area building at 2810 North Parham Road.

The Campbell Building is in the Forest Office Park at the corner of Three Chopt and Forest Avenue about a mile from Interstate 64.

Built in 1981, the four-story office building was renovated in 2004 and 2007. It’s currently 90.4 percent occupied.

Major tenants include HCA/Henrico Doctors, Richmond Eye Surgeons, National Government Services, Credit Adjustment Board, M&T Bank and Dr. Lawrence Miller.

Malcolm Randolph and John Carpin represented the buyer, and Will Bradley, Trib Sutton, Scott Durham of CBRE|Richmond represented the seller in the transaction.