NewMarket Corp. explores possible sale of Meadwestvacoa s corporate headquarters building:
The NewMarket Corp. is exploring the possible sale of one of Richmond’s newest corporate headquarters buildings.
Bruce Hazelgrove, a spokesman for the company, said it has retained HFF Inc. (Holliday Fenoglio Fowler), to check into the possibility of selling the 310,000-square-foot, Class A office tower on South Fifth Street that is home to Fortune 500 company MeadWestvaco Corp.
MeadWestvaco, a global packaging giant, moved its headquarters from Stanford, Conn., to Richmond in 2006 and moved into the building in late 2009. Since then, Hazelgrove said the building’s owner, NewMarket Corp., has “had so many inquiries that we felt we owed it to our shareholders to look into it.”
