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.

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