Premier Sells 88,000 sf Flex Property

Deep Run Centre

Premier is pleased to announce that on May 28, 2021 it sold the Deep Run Centre property in Richmond, Virginia to Maryland based Feldman Bergin Properties. Deep Run is a 2 building, 88,000 sf single story flex complex with excellent visibility and access from West Broad Street (Rt. 250) in Richmond’s West End submarket. The building is occupied by a mix of retail and flex tenants. Premier had acquired the property in August 2018 from AIG Insurance, who in turn had acquired it through foreclosure. Deep Run was only 65% occupied at the time of Premier’s acquisition, but Premier was able to fully execute on its lease up plan and by late 2020 Deep Run was 100% occupied. The property was also managed by Premier Management Services with leasing assistance from Adam Lawson and Charlie Polk of JLL. Financing was placed by Keith Wells of Northmarq. The sale was handled by Will Bradley and Mark Williford of Colliers.