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 and sold it in April of 2026.

Investment Info

Status: Realized
Sub-Market: 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
Exit Date: Apr 14, 2026
Total Capitalization: $120,500,000
Exit Price: $175,000,000
Lingerfelt Role: General Partner

Location

Project Team

Owner

Rob Valentine Managing Director, Investments

Walker Wilson Asset Manager