Reynolds Development

Warren Buffett’s Energy Arm Grabs Big Block of Richmond Office Space

By MIKE PLATANIA  Richmond BiZSENSE  Nov 9, 2020

General Office Building North Elevation
Berkshire Hathaway Energy is subleasing 79,000 square feet at 6603 W. Broad St. in Reynolds Crossing from Altria.

Fresh off its $8 billion acquisition of Dominion Energy’s natural gas operations, Warren Buffett’s empire has planted a flag in the Richmond area.

Berkshire Hathaway Energy has signed on for 79,000 square feet at 6603 W. Broad St. in Reynolds Crossing. BHE is subleasing the space from Altria, which vacated the space in favor of a new addition to its headquarters across the street.

The deal coincides with BHE’s purchase of Dominion’s natural gas division, a transaction that closed last week. BHE’s new office space will be primarily staffed by former Dominion employees who carried over in the sale.

Berkshire Hathaway Energy did not respond to requests for comment by press time.

Berkshire Hathaway Energy was represented in the Reynolds Crossing deal by CBRE’s Andrew Ferguson and Chris Wallace. Eric Williford, also of CBRE, represented Altria.

The 245,000-square-foot Reynolds Crossing building is owned by Reynolds Office Property LLC, a real estate arm of the Reynolds family. The space came available about a year ago when Altria began moving to its expanded headquarters.

Click to access the login or register cheese