Richmond, October 1, 2018 – Locally owned and operated equipment rental company RentalWorks has purchased a new headquarters building in the Manchester neighborhood within the City of Richmond. The industrial/flex property at 1500 Commerce Road, which sits a mile off the I-95/Maury St Interchange, is comprised of 9.43 acres of land and a total of 184,270 square feet.

 

RentalWorks, which is currently headquartered at 6520 W Broad Street in Richmond, decided to relocate their headquarters to accommodate the substantial growth they are experiencing serving the needs of their industrial and consumer clients throughout the Commonwealth of Virginia. RentalWorks will occupy 38,270 square feet for their own use and is now looking for tenants to lease out the remaining 146,000 SF in increments as small as 10,000 SF for a variety of office, flex, technology, production, craft, warehouse and manufacturing uses.

 

The company will continue to service customers at its Broad Street and Hull Street locations as well.

 

Rental Works was formed in Richmond in 1986. Current owners Raymond Parker and Billy Hidell said “Our top priorities at RentalWorks remain people and relationships, and this substantial investment is evidence of that philosophy.  We are excited to relocate and expand on Commerce Road to provide even better service and options for our customers.”

 

Colliers International agents David Williams and Eric Williford represented RentalWorks in the purchase of the property, and have been awarded the leasing assignment to secure tenants for the remaining 146,000 SF.

 

Rental Works provides high quality, well maintained rental equipment to both contractors as well as homeowner “do-it-yourself” clients. In today’s rental industry environment, which is dominated by large national chains, Rental Works remains locally owned and operated, and very involved in serving its community., employees and customers on a personal level. Its Leadership has over 100 years experience in Rental, Financial Services, Equipment  Maintenance & Readiness, Operations, Risk Management and Commercial & Residential Construction/Development.

 

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Statia Gibson, Director of Research & Communications
Colliers International | Richmond & Norfolk
Phone: 804-591-2439
Email: statia.gibson@colliers.com