Cushman & Wakefield | Thalhimer has been exclusively retained by ownership to offer for sale Deep Run 3, a premier 355,253 SF Class-A office building located in the heart of the Innsbrook submarket, Richmond’s premier suburban office location. Currently 84.3% leased to ten total tenants, Deep Run 3 is headquarters to the Medical-Surgical division of McKesson (NYSE: MCK | # 9 on Fortune 500 | Moody's: BBB+), which employs over 750 people at the Property and delivers medical-supply distribution, logistics, biomedical maintenance, and other services to more than 275,000 health care providers. The Property is also home to one of the largest field offices in the country for Travelers Insurance (NYSE: TRV | Fitch: AA) and the headquarters for TForce Freight, the subsidiary of the Canadian transportation and logistics company TFI International. A recent $16 million capital improvement plan including a 250,000 SF parking garage, fitness center, cafeteria, shared conference room and new lobbies have solidified the asset as a best-in-class suburban office building in the Richmond MSA.

The Property’s stable historic cash flow is backed by two Fortune 500 tenants that occupy 45% of the GLA with the remainder of space leased to a diverse tenant roster consisting of engineering, CPA, and consulting firms. In addition to the substantial capital improvements invested in the asset, numerous tenants have invested in their own spaces, highlighted by McKesson’s $10 million capital infusion to create a state of the art employee workspace which includes the McKesson Vision Center – a product showcase and collaborative meeting space designed to facilitate innovation and productivity.

Deep Run 3 is ideally located between I-64 and West Broad St (VA-250), Richmond’s two main arterial roadways making it easily accessible to anywhere in the MSA. The amenity rich location has historically been Richmond’s best performing submarket, attracting multiple Fortune 500 and creditworthy tenants. Deep Run 3’s unparalleled location and quality make it well poised for long-term success in Richmond’s business-friendly environment, which boasts one of the highest educated work forces in the nation.