Bio Tech 2 For Sale.pdf

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Attached to
Real Property For Sale - Richmond
Solicitation number
RFP-123992
Issued by
Richmond City, Roanoke City, Virginia

About this file

This is a commercial real estate listing document for a property sale opportunity in Richmond, Virginia. The offering involves Bio+ Tech Two, a 134,106-square-foot Class A/B office and laboratory facility located at 700 North 5th Street in the Virginia Biotechnology Research Park. The property features a three-story west wing with basement and two-story east wing, comprising 60% laboratory space and 40% general office space. The facility is situated on 2.353 acres with 95 secured on-site parking spaces and is positioned adjacent to VCU Medical Center and VCU's downtown campus, within walking distance to downtown Richmond and the State Capitol. The property was built in 1998 and is maintained in good to excellent condition with modern systems including five Trane boilers, three chillers, a 4,000-amp 480-volt electrical system, and two passenger elevators plus one freight elevator.

The property is zoned RP (Research Park), which supports laboratory, medical, and office uses and is marketed as ideal for life sciences and research organizations. The Virginia Biotechnology Research Park encompasses 34 acres with nine buildings housing multiple life sciences companies and institutions. Richmond's demographics support this offering, with a city population of 237,260 (up 18.1% since 2000), a median household income of $64,587 (up 27.7%), and a daytime population increase from commuters exceeding 70%. JLL, represented by Senior Vice President John Simmons (804-200-6554) and Transaction Manager Ian Woolwine (804-380-4054), is marketing the property on behalf of the owner. The listing contains standard disclaimers regarding accuracy of information and prospective purchaser due diligence requirements.

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For Sale 700 N 5th Street, Richmond, VA 134,106 RSF Available jll.com

Bio+ Tech Two VA Bio+ Tech Park This 134,106-square-foot Class A/B office and laboratory facility offers a rare opportunity to acquire a state-of-the-art R&D property in the Virginia Biotechnology Research Park with excellent access and modern, energy-efficient systems. Built in 1998 and meticulously maintained, the property features specialized laboratory and office space ideal for life sciences and research organizations.

Prime location in Downtown Richmond Located in Virginia Biotechnology Research Park offers direct adjacency to VCU Medical Center campus and regional access via I-95/I-64.

Property Overview Location: 700 North Fifth Street, Richmond, Virginia 23219 Property Type: Class A/B Office/Laboratory Facility (R&D) Total Building Area: 134,106 square feet Site Size: 2.353 acres Year Built: 1998 Condition: Good to excellent

Building Specifications Construction: Class A structural steel with masonry/brick and glass exterior Configuration: 60% laboratory space, 40% general office space Layout: Three-story west wing with basement;

two-story east wing HVAC: Five Trane boilers, three chillers, upgraded mechanical systems (2012) Electrical: 4,000-amp, 480 Volt system with energy-efficient design Elevators: Two passenger elevators and one freight elevator Parking: 95 secured on-site spaces

Premier Life Sciences Facility in Virginia’s Biotech Hub

Location 700 N 5 St, Richmond VAth

Size 134,106 SF

Zoning RP, Research Park

Site 2.353 Acres

Parking 95 On-Site Parking Spaces

Property Overview & Demographics Bio+ Tech Two provides new ownership the opportunity to capture long-term value at the center of a growing research and healthcare corridor immediately adjacent to VCU Medical Center and the broader VA Bio+ Tech Park Community

Location Highlights RP (Research Park) Zoning Supports Lab, Medical, and Office Uses Adjacent to VCU Medical Center and VCU’s Downtown Campus Located within a 34-Acre, Nine-Building Life Sciences Campus Walking Distance to Downtown Richmond, and the State Capitol Access to Interstate 95/64

Life Sciences Companies & Institutions Calling the Park Home. Positioned at the Doorstep of VCU Medical Center, in the Heart of Downtown Richmond

237,260 +18.1% $64,587 +27.7% Richmond City

Population Population Growth

Since 2000 Median Household

Income, Richmond City Daytime Population

Increase from Commuters

70+

Open Office Exsisting Cubicle Layout

Private Office Finished Executive Space with Built-In Millwork

Loading Dock Exterior Outside View of the Loading Dock

Parking Lot 95 On-Site Parking Spaces

Laboratory Space Exsisting Wet Lab Infrastructure

Loading Dock Interior Inside View of the Loading Dock

Jones Lang LaSalle Americas, Inc. or its state-licensed affiliate (“JLL”) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than JLL, and neither Owner nor JLL, nor their respective equity holders, officers, directors, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. JLL and owner disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. © 2026. Jones Lang LaSalle IP, Inc. All rights reserved

John Simmons Senior Vice President John.Simmons@jll.com 804-200-6554

Ian Woolwine Transaction Manager Ian.Woolwine@jll.com 804-380-4054

JLL

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY℠. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

http://www.jll.com/

For Sale
700 N 5th Street, Richmond, VA 134,106 RSF Available
Premier Life Sciences Facility in Virginia’s Biotech Hub
Property Overview & Demographics
70+
Location Highlights
Location
Size
134,106 SF
Zoning
Site
Parking
237,260
+18.1%
$64,587
+27.7%
Loading Dock Exterior Outside View of the Loading Dock
Open Office Exsisting Cubicle Layout
Private Office Finished Executive Space with Built-In Millwork
Loading Dock Interior Inside View of the Loading Dock
Parking Lot 95 On-Site Parking Spaces
Laboratory Space Exsisting Wet Lab Infrastructure
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY℠. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
JLL
John Simmons Senior Vice President John.Simmons@jll.com 804-200-6554
Ian Woolwine Transaction Manager Ian.Woolwine@jll.com 804-380-4054

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