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The Lofty apartments are sold

The Richmond BizSense reports:

Fulton Hill Properties last week sold The Lofty apartment complex at 3618 and 3626 E. Broad St. for $6.6 million, confirmed Jon Ondrak, the real estate company’s chief operating officer.

The transaction, which closed June 14, had not been recorded in the city’s online records as of press time.

Christopher Chadwick, a broker with Marcus & Millichap who worked the sale along with colleagues Dawson Rinder and Marty Mooradian, would not disclose any information about the buyer, other than to say it’s a family from Northern Virginia making its first acquisition in the Richmond market.

Read more here!

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Dave 06/22/2018 at 2:27 PM

Congrats to them for selling before those section 8s get built down the hill!

L 06/24/2018 at 6:04 PM

CHPN folks: Are these Condos? Or apartments? Headline made me think they had converted them into condos or something…

Gustavo 06/26/2018 at 1:22 PM

Thanks for the edit- I made sure to correct that. It’s apartments for sure.


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