The Latest Market News

2019 Market Review: Richmond Ranks As Top 10 Market for Industrial Growth

January 2020

Porter Realty Company contributed the year end industrial market review to the December 2019 issue of Southeast Real Estate Business: Richmond’s industrial sector is poised for expansion as construction pipeline activity advances in all quadrants of the metro area.  At year’s end, new construction and redevelopment continue to dominate Richmond’s industrial sector.  Richmond also landed…

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Robert Porter III Joins Porter Realty’s Brokerage Team

November 2019

Porter Realty Company Inc. is pleased to announce that Robert E. Porter III has joined its brokerage team. Robert brings nearly a decade of experience in the banking and financial services industries, having worked with Davenport & Company as an associate vice president in the public finance department, and most recently as assistant vice president…

RVA Industrial Market Review: Construction Activity Remains Robust

September 2019

Porter Realty Company was selected to contribute the industrial market review for the August 2019 issue of Southeast Real Estate Business.  Click the “press release” link below to view the entire article. “At the mid-year mark, the greater Richmond area industrial market has continued to strengthen… Construction activity remains robust with a strong pipeline of…

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Wine & Beer Supply Expands to New Northlake Facility

July 2019

Wine & Beer Supply, which offers cans, bottles, packaging, warehouse space and other wares for breweries and wineries, has signed a lease to move its headquarters into a new construction facility in the Northlake Commerce Center. The 4-year-old company will occupy 54,000 square feet in a forthcoming 152,000-square-foot industrial building at 12015 N. Lakeridge Parkway. …

CORFAC International Celebrates 30th Year

April 2019

From Bisnow: Over the last three decades, commercial real estate has seen tremendous changes — from digitization and automation to the birth of entirely new asset classes. But through all those transformations, there has been a constant demand for local expertise from respected brokers. Now in its 30th year, CORFAC remains an unparalleled resource for…

Productiv Doubles Capacity in Richmond to Support Growth

February 2019

Productiv, a national leader in kitting, contract packaging and fulfillment, has moved into a state-of-the-art production and fulfillment facility in Richmond, VA, doubling its capacity to serve a growing client roster with more sophisticated capabilities.  The new building features 105,000 square feet in an optimal location in Richmond with close proximity to the Richmond Marine…

Year End Market Review: Richmond Industrial Grows in All Directions

January 2019

Porter Realty Company contributed the year end industrial market review to the December 2018 issue of Southeast Real Estate Business: Richmond’s industrial sector is poised for expansion as construction pipeline activity advances in all quadrants of the metro area.  Becknell Industrial has announced plans for its next Richmond area project, located in eastern Henrico County…

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RVA Industrial Market Review: Buyers, Developers Attracted to Market As Local Users Expand

September 2018

Porter Realty Company was selected to contribute the industrial market review for the August 2018 issue of Southeast Real Estate Business.  Click “press release” link below to view the entire article. “Local expansion has remained strong, a trend consistent with the Richmond market, and regional and national companies with an existing presence in the area have also announced expansions. The metro…

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Becknell Industrial Plans New Airport Area Warehouse Complex

July 2018

From Richmond Times-Dispatch:  A four-building industrial warehouse complex is being planned for South Laburnum Avenue in eastern Henrico County. Becknell Industrial, the Indianapolis-based developer of warehouse distribution centers across the nation, is developing the four-building site totaling 805,190 square feet at 6101 S. Laburnum Ave. — on property across the street from the Mondelez International…

Former Southside Builders Supply Facility Sold

June 2018

The 40,242 SF office/warehouse complex at 20 Westover Hills Boulevard, formerly home to Southside Builders Supply, has sold to Azul Properties LLC for $1,750,000.  The Richmond City complex includes a total of five buildings on 8.75 acres, and is located just north of Route 60/Midlothian Turnpike.  Porter Realty’s Byron Holmes handled the marketing of the…