New tenants take space at former Allstate Building in Roanoke County
Several new tenants have signed on for space at the former Allstate building in Roanoke County.
Property owner Metis Holdings plans to occupy 63,015 square feet in the 165,000-square-foot building by summer 2019. Since purchasing the building on Electric Road in April 2017, Metis, a local provider of insurance and risk management services, has been renovating it into a multi-tenant space.
To date, the company says it has secured leases on 90,842 square feet of the building. Besides Metis, the other tenants are:
Lucas & Kite law firm, 8,294 square feet. Established in 2007, Lucas & Kite represents employers and insurers in workers’ compensation matters.
Vistar Children’s Eye Care Center, 9,000 square feet. Vistar plans to introduce the first dedicated children’s clinical eye-care center in the Roanoke Valley.
Vistar corporate offices, 10,533 square feet.
Fit Studio, 7,500 square feet. Fit provides personal training, strength and conditioning group training, open-gym access and corporate wellness services.
According to the Roanoke County economic development agency, the project represents a $6 million investment and a projected employment of 250 people by next year, with up to 600 people working at the building at full occupancy.
Building renovations are ongoing, with two remaining spaces available in the 18,000- to 24,000- square-foot range.
Chris Carey, president of Metis, said in a statement, “We are fortunate that the Roanoke region has supported our continued growth in real estate, talent attraction and community resources. As a local success story, we are very pleased to expand and remain in the Roanoke area.”
Built in 1970, the building is located on the Route 419 corridor. The redevelopment project coincides with the county’s Reimagine Oak Grove planning effort.
“This redevelopment project brings significant new employment back to the Oak Grove area of the county and supports our goal of repurposing underutilized properties in key commercial corridors. The early success of the project confirms the market demand for strategically located high-quality office inventory. Growing the economy through local business expansion is ideal for businesses, employees and the community,” Jill Loope, economic development director for Roanoke County said in a statement.
Frank C. Martin III, senior associate broker at Hall Associates Inc., represents Metis in the company’s sales and leasing efforts.