Commercial real estate data company, CoStar Group, has been expanding its physical presence in a number of markets around the US. Recently, it purchased a plot of land for $20 million in Richmond.
The land sits adjacent to another CoStar office and was sold to the company by an entity under NewMarket Corp., a public petrochemical firm.
The move to buy this additional land comes after the company brought 1,000 jobs to Richmond, filling much of its WestRock building, which sits adjacent to the recently purchased plot of land.
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