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Courthouse Square Sells for $11M

Sale Price Indicative of Increasing Demand in Henrico County
By Tanya Duncan
July 7, 2005 | 7:49 P.M.

Courthouse Associates LP sold Courthouse Square, a 180-unit apartment complex in Richmond, to Courthouse Green Holdings LLC for $11 million, or about $61,100 per unit. Courthouse Square is at 8335 Barbour Road in Henrico County. The complex was built in 1973 and consists of 180 units, ranging from one to three bedrooms. The units are among the largest being offered in the submarket, ranging from 737 to 1,236 square feet. At the time of the sale the complex was 97% occupied.

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