Actions

Richmond insurance company sells off Staples Mill Campus for $66M

kinsale-anthem-elevance1-2048x1536.jpg
Posted at 6:46 AM, Sep 14, 2023
and last updated 2023-09-14 06:54:50-04

RICHMOND, Va. -- Nine months after buying a Willow Lawn-area office complex for $77 million, local insurance company Kinsale Capital Group has already recouped much of that investment following a sizable deal last month.

Kinsale sold the Elevance Health-anchored office building at 2103 Staples Mill Road for $66.1 million, according to Henrico County property records.

The publicly traded insurance company had picked up the building as part of a $77 million deal in December 2022 that also included an adjacent office building at 2015 Staples Mill Road. The properties are across the road from Kinsale’s recently built headquarters at 2035 Maywill St.

Continue reading this story on Richmond BizSense.

EAT IT, VIRGINIA restaurant news and interviews

CBS6-News-at-4pm-and-Jennifer-Hudson-480x360.jpg

Entertainment

Watch 'The Jennifer Hudson Show' weekdays at 3 p.m. on CBS 6!

📱 Download CBS 6 News App
The app features breaking news alerts, live video, weather radar, traffic incidents, closings and delays and more.