Lease Completed at Ashton Logistics Park

Press Release | Oct 2, 2023

For Immediate Release

RICHMOND, VA, September 2023 – Colliers and Lingerfelt are pleased to announce the successful lease of Building I at Ashton Logistics Park, located at 1660 Ashton Park Drive in Chesterfield, VA.

Ashton Logistics Park is a multi-building, Class A industrial park in a Chesterfield County Technology Zone. Building I is comprised of 437,657 rentable square feet and is set for a 2023 Q4 delivery.

Colliers’ Rob Dirom, Senior Vice President, and Harrison McVey, Senior Associate, handled the transaction on behalf of Lingerfelt.

“Rob and I are thrilled to have successfully leased the first and largest building at Ashton Logistics Park for Lingerfelt Development. In a market where pre-leasing is seldom the norm, we were able to complete this deal six months prior to the shell building being delivered. We thank the Lingerfelt team for their experience and teamwork to get this lease across the goal line,” said Senior Associate, Harrison McVey.

“Securing a lease for Building I at Ashton Logistics Park underscores our unwavering commitment to delivering quality, strategic spaces that serve the modern needs of businesses. Chesterfield continues to be a focal point for growth and development in the Mid-Atlantic region, and we at Lingerfelt are proud to contribute to this trajectory with prime offerings like Ashton Logistics Park. We appreciate the dedication and expertise of the Colliers team in making this transaction a success and look forward to the park’s continued growth and impact on the regional economy,” said John E. Mason, Senior Vice President of Development at Lingerfelt.

About Lingerfelt

Lingerfelt is a vertically integrated real estate investment management and asset management company investing and developing throughout the Mid-Atlantic and Southeast. Together with its predecessors, Lingerfelt has maintained a reputation of quality and excellence in the commercial real estate industry dating back to 1957. Lingerfelt and its partners have built, acquired, and managed over 25 million square feet of commercial real estate valued at approximately $3 billion across the Mid-Atlantic and Southeast. To learn more, visit www.lingerfelt.co

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.