Waldvogel Commercial Properties Announces the Significant Sale of a 1.23-Acre Site at 612-616 South Jefferson Street

Waldvogel Commercial Properties, Inc. is pleased to announce the sale of a 1.23 acres site at 612-616 S. Jefferson Street in downtown Roanoke for $1,300,000. Waldvogel Commercial Properties was the sole broker in the transaction, which The Roanoke Times has identified as one of the year’s 10 most significant real estate transactions.

The site was acquired for the construction of an office building in which to house the Social Security Administration. Demolition of existing structures on the site was to begin immediately, with construction of the new complex to commence in early 2008.

City officials have said the new building will keep federal jobs downtown and enhance economic development along that stretch of Jefferson Street, a gateway into the Central Business District.