Investment Summary

The Walthall & Northlake Distribution Center Portfolio includes four Class A multi-tenant logistics facilities totaling 1,161,788 square-feet. Walthall Distribution Center is a three building, 868,601 square-foot logistics portfolio situated along I-95 in the highly sought-after Walthall/Ruffin Mill submarket in Chesterfield County, VA. Northlake Distribution Center is a 293,187 square-foot logistics facility located along the premier I-95 North distribution corridor in Ashland, VA. Lingerfelt acquired the portfolio in March of 2023.

Investment Info

Status: Unrealized
Sub-Market: I-95 North/Ashland, I-95 S/I-295 S/Rt 10
Property Type: Industrial
Square-Footage: 1,161,788
Strategy: Acquisition
Sub-Strategy: Reposition
Entry Date: Mar 16, 2023
Lingerfelt Role: General Partner

Project Highlights

New Roof Systems, Asphalt, Paint, LEDs Installed in 2024
Cross-Dock and Rear Load Facilities at 32' Clear Heights
Well-Located in Proven Logistics Corridors

Location

Project Team

Leasing

Matt Anderson Executive Vice President

Harrison McVey Vice President

Property Management

Steve Sneed Director of Asset Services

Owner

Rob Valentine Managing Director, Investments

Walker Wilson Asset Manager