James Monroe Building

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this offering for the sale of the James Monroe Building (the “Property”), a 470,895 SF office building on 3.05 acres with 600 structured parking spaces located at 101 North 14th Street in Richmond, Virginia. The B-4 zoning offers a range of business plan options and allows for a maximum density of up to 6.0 FAR subject to approval of a plan of development. The James Monroe Building provides a tremendous opportunity to reposition a landmark building at the center of downtown Richmond with a multitude of potential end uses.

The Property is located between the James River and the Greater Richmond Convention Center in the heart of Richmond’s Business District - central Virginia’s hub for business, culture, and history. The Site sits in a highly amenitized micro-location, with over 2.4M square feet of retail and 13,000 multifamily units within a one-mile radius, creating a desirable setting for tenants, tourists, and residents. Richmond’s downtown is among the fastest growing in Virginia with strong fundamentals; it has seen 45% population growth since 2020, nearly four times the entire city's growth rate over that period. Richmond’s downtown is undergoing an immense transformation, with 75 development projects totaling $3.6B completed or underway between 2019 and 2022.

The James Monroe Building presents a unique opportunity to acquire a building primed for repositioning in an attractive location positioned to create a vibrant destination that will become one of the pillars of Richmond’s Central Business District.