WestMark Office Park: Gateway to Henrico Business

04/17/12
WestMark Office Park: Gateway to Henrico Business

If Henrico County is strategically positioned on the East Coast, then the WestMark Office Park, located in the West End’s Innsbrook area, could be the Eastern Seaboard’s Welcome Center.

With its ideal location in the Innsbrook corporate area and prime visibility, it’s certainly the gateway to Henrico business. "The WestMark Office Park is a visible gateway into Henrico County," says Bruce Levy, joint property owner and Chief Executive Officer, RER Equities, Inc.

"Approximately 110,000 vehicles pass by WestMark each day via I-64 and West Broad Street. It's an ideal location for a large corporate headquarters or large office users because of its visibility and image as a Fortune 500 headquarters location." In fact, the 40-acre office park has attracted several Fortune 100 and Fortune 500 Corporations. The park was originally designed as the corporate headquarters for Bank of Virginia.

Since then, Capital One and MeadWestvaco have occupied one or both of the buildings on the property. Altria currently occupies WestMark I, and WestMark II is available for lease. The WestMark Office Park includes two premium five-story office buildings, and each boasts over 200,000 square feet of space. Each building features high ceilings, broad window lines and large floor plates of over 40,000 square feet that provide for efficient space planning opportunities.

The WestMark campus also has development capacity for additional office buildings, hotels and/or restaurants on site.

Location, Location, Location!

WestMark Office Park is located at 11000 West Broad Street and is at the heart of the Richmond region's premier 8 million-square-foot Innsbrook area office submarket. Its proximity to major roadways (I-64, I-295, I-95, Route 288 and West Broad Street) and its location near most of the area’s residential neighborhoods make this property especially attractive to large employers.

Businesses and residents in the area enjoy a variety of shopping and dining options within and between the 1.2 million-square-foot Short Pump Town Center Mall and the new 650,000-square-foot West Broad Village town center complex. Levy says, "There are so many reasons why WestMark and the Innsbrook area are great places to locate a business.

The area has so many amenities and outstanding residential areas nearby. It’s so easy to access the interstates. It’s where people want to be. They can leave work and still get to the kids’ baseball game in 15 minutes, or meet friends or family at a nearby restaurant or shopping mall. It’s all here."

Exceptional Cost Savings

While WestMark is certainly about "location, location, location," savvy investors hear "savings, savings, savings." The property is an ideal site for large employers looking to reduce operating costs and increase bottom-line profits.

'...independent data clearly demonstrates the ability of a large corporate user to save over $160 million over a 10-year period in personnel and facilities costs' - Bruce Levy, RER Equities, Inc.

Levy explains, "When comparing personnel and facilities costs of large office users in northern Virginia (or other high-cost metropolitan areas) versus WestMark, independent data clearly demonstrates the ability of a large corporate user to save over $160 million over a 10-year period in personnel and facilities costs, while maintaining a first-class work environment for its employees and a high quality of life for employees and their families."

He continues, "This not only results in increased margins and operating profits, as well as enhanced ability to more effectively compete for large government and private-sector contracts. It also increases a company's ability to better recruit and retain quality personnel."

Henrico County’s outstanding commercial properties, low real estate tax rate and AAA bond rating are just a few of the many reasons why Henrico County is an ideal place for corporations and small businesses to relocate.

To learn more about doing business in Henrico, visit Henrico.com today.

Interested in learning more about WestMark? Find out more by visiting the Featured Real Estate section at Henrico.com or contact the brokers representing each property.
WestMark I Broker Information:
Joe Marchetti joe.marchetti@cbre.com 804-267-7242
David Wilkins david.wilkins@cbre.com 804-267-7238

WestMark II Broker Information:
Jeff Cooke jeff.cooke@thalhimer.com
804-697-3459 ext. 1459