The Shaia family has acquired the former Wells Fargo branch at 122 E. Grace St. in Monroe Ward for $1.6 million, following its closure in fall 2023. The 2,800-square-foot property, assessed at $1.7 million, will be leased to a new tenant, with plans for renovation into an office or restaurant, excluding banking use. The Shaias, experienced in Richmond real estate, also own a nearby building being converted into a behavioral health facility.