Porter Realty Company was asked to contribute to the November 2020 issue of Southeast Real Estate Business. Click the “press release” link below to view the entire article. “Richmond’s manufacturing industrial scene has continued to show favorable fundamentals even in the face of a global pandemic. Several companies have remained active on both the leasing…
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Mounting solutions distributor Mount-It! will invest $7.45 million to establish its first East Coast warehouse and distribution facility in Prince George County, creating 85 jobs. Headquartered in San Diego, the company recently purchased the 50,880-square-foot facility at 5851 Quality Way in the Southpoint Business Park for $2,350,000. Virginia competed with Delaware, Kentucky, North Carolina, and…
Porter Realty Company was selected to contribute the industrial market review for the August 2020 issue of Southeast Real Estate Business. Click the “press release” link below to view the entire article. “At the mid-year mark, industrial occupancy in the greater Richmond area remains strong, closing with an overall occupancy rate of 92 percent in…
The 52,000-square-foot industrial building at 11250 Hopson Road in Hanover County has sold for $2,756,000. The building sits on more than 3.6 acres of land. Green Air Inc. purchased the property with plans to relocate its operation into 28,000 square feet of the building. Porter Realty’s Kevin Cox handled the marketing and sale negotiations on…
Located at 4650 Oakleys Lane, the 229,829 square-foot facility sits on more than 23 acres and features dock and drive-in loading. The property was sold by 4650 Oakleys Lane LLC to Henrico County-based mailing and shipping service company Direct Mail Solutions, under limited liability company Seventy1 for $9.39 million. Click here to read the full…
A Chesterfield County office building has transferred from TJP-TD LLC to Sisters II LLC for $2.4 million. Porter Realty’s Byron Holmes handled the marketing and sale negotiations on behalf of the seller. Located at 530, 540 and 550 Southlake Boulevard, the 43,544-square-foot office building was fully leased at the time of sale to multiple companies…
C&F Finance Company will build a new headquarters facility in Eastern Henrico County, the company announced this week. It will be located on nearly 10 acres of land at 5491 International Trade Drive, a site east of Oakleys Lane and adjacent to I-64 that the company purchased from DMG Properties, LLLP for $400,000. C&F Finance…
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…
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…
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…
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. …
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, 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…
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…