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VCU to pay $150M for downtown Altria building

VCU is planning to purchase the Altria Center for Research and Technology to serve as an academic and research facility for life sciences. (BizSense file) It’ll take nine figures for VCU to gain control of a sizable downtown lab and research property that it’s been eyeing for more than a year. The university anticipates that it will spend $150 million to acquire the Altria Center for Research and Technology, a 450,000-square-foot building at 601…
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Richmond BizSense broke the news in Richmond, United States on Friday, February 27, 2026.
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