Cushman & Wakefield | Thalhimer is pleased to offer for sale Truist Place, a premier 486,340 SF Class A, high-rise office building located in the heart of the Richmond, VA Central Business District. Truist Place, built in 1982 for Crestar Bank (later acquired by SunTrust and merged with BB&T to form Truist), is located near key government and legal institutions, including the Virginia State Capitol building, the Federal Reserve Bank of Richmond, the Attorney General’s office, the Supreme Court of Virginia, and the U.S. Court of Appeals. The property features the main 26-story, 458,229 RSF steel-framed granite tower and adjoined 341 parking space parking deck, as well as the adjacent Davenport Building which includes two stories of the currently vacant 28,111 RSF office space and a four story 351 space parking deck.

Truist has occupied the building since it's inception and consolidated its downtown operations here following the SunTrust/BB&T merger. In 2021, Truist expanded its presence and invested in a re-branding of the building, continuing to operate key business lines such as wealth management, commercial banking, and retail banking from this location. The property benefits from minimal large block exposure, with its two largest tenants, Truist (15.7% of GLA) and Sands Anderson (8.2%), having a WALT of over seven years. Average tenant size is 9,000 SF.