About 150 West Main Street
150 West Main Street is the fifth tallest building in Downtown Norfolk, Virginia, United States. In 2000, Norfolk's office vacancy rate was well below 10%. The development was a joint project between the city of Norfolk and a limited liability company headed by local businessmen Tom Robinson and Robert Stanton. The 840-space parking garage was financed by the city. The 20-story tower contains 234,000 ft of leasable space. When the highrise opened in 2002, a number of tenants from older properties moved to the new Class "A" building when their leases expired. In 2005, the investors sold the property to St. Joe Company. A branch office of SunTrust is on the ground floor. On August 7, 2007 St. Joe sold the 98% leased building to Eola Capital, LLC for $56 million.