RICHMOND, VA-Richmond will soon be the new home of Charter One Mortgage Corp. According to the leasing agent, the firm will move its national headquarters from a site in western Henrico County to One Colonial Place Development Co. The mortgage company plans to lease between 90,000 and 100,000 sf.

Colonial Place at Virginia Center is a $25-million project consisting of three buildings totaling of 218,750 sf. Two buildings are under construction on the 17-acre site, according to One Colonial Place principals Christopher W. Rice and John T. Sutton III. Sutton and Rice are senior vice presidents at CB Richard Ellis, the commercial real estate company that will oversee project leasing and management. The complex is the first high-class, multi-story office space for Virginia Center, a planned mixed-use area of housing, retail and office space in the Interstate 295-Interstate 95 corridor.

The first building, with two stories and about 50,000 sf, is scheduled for completion in May 2001. The third building will also be 50,000 sf. The second building is a four-story, 118,000-sf scheduled to open in November 2001.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.