Richmond’s Top Commercial Real Estate Deals

In the News | Mar 5, 2024

Lingerfelt, a renowned name in commercial real estate investment management, strategically partnered with the global investment firm, Partners Group, resulting in Richmond’s 3rd largest commercial real estate deal of 2023. 

This collaboration is set to reshape the landscape of logistics and distribution in the region through the acquisition of two key distribution centers: Walthall Distribution Center located in Chesterfield County, and Northlake Distribution Center nestled in Hanover County. This ambitious move not only underscores the growing appeal of Virginia as a nexus for commercial activities but also highlights the keen insight of both Lingerfelt and Partners Group in recognizing and capitalizing on the region’s evolving market opportunities.

Spanning over 1.1 million square feet, these complexes are distributed across four individual buildings designed to cater to a wide array of logistics and distribution needs.

The strategic locations of the Walthall and Lakeridge Distribution Centers, in Chesterfield and Hanover Counties respectively, offer unparalleled advantages in terms of connectivity and accessibility to major transportation routes, making them critical hubs in the regional and national distribution network.

“This strategic collaboration not only highlights the attractiveness of Richmond’s industrial real estate market, but also signals a robust confidence in its continued growth,” explained Brian F. Witthoefft CCIM, SIOR, Managing Director at Lingerfelt.