Richmond real estate firm Harrison & Bates to cease operations

Harrison & Bates Inc. will halt new transactional services starting May 31. (BizSense file photo)

RICHMOND, Va. — After abruptly losing its national flag and watching one-third of its brokers jump ship, a longtime local commercial real estate firm is winding down.

Harrison & Bates announced Friday its plans to cease operations in the coming months. That includes a halt on new transactional services as of May 31.

The decision will bring an end to a Richmond company that dates to 1910 and will leave about a dozen brokers with decisions to make on where they’ll go next.

“It’s a hard moment for all of us,” said Harrison & Bates CEO David Williams, who has been with the firm for about 30 years. “There was a fork in the road and we had to pick what was the best for our clients.”

Click here to read more about the decision on Richmond BizSense.

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