Circuit City's former headquarters building in Richmond, Va., was sold this week

Circuit City's former headquarters building in Richmond, Va., was sold this week to a local development company, the Richmond Times-Dispatch reported.

DRCC Properties LLC purchased the land underneath the building last month. The company plans to return the building to its "former glory," the manager of the company told the paper.

The building was previously owned by Lexington Property Trust, which leased it to Circuit City before it folded in 2009.

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