Elevance Health has sold 580,000 square feet of office space in Richmond, Va., Richmond Bizsense reported Dec. 20.
The insurer sold the 30-acre property with two buildings to Kinsale Capital Group, a specialty insurance company based in Richmond, for $76.2 million.
Kinsale plans to renovate one of the buildings for its use, the company's CEO told Richmond Bizsense. Elevance will continue to occupy the second building on a long-term lease.