The Latest Market News

Chesterfield County Industrial Complex Sold for $2.225MM

June 2021

POR Group VA LLC has acquired the two-building industrial complex at 15801 Happy Hill Road in Chesterfield County from Pre Con Inc. for $2,225,000.  The property includes a total of 56,869 square feet on 4.61 acres with multiple dock and drive-in access points, a fenced loading area, and guardhouse on site.  Immediate access to Interstate…

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West End Printing Leases Henrico County Office/Warehouse

May 2021

West End Printing has leased 55,957 square feet of office/warehouse space at 4300 Carolina Avenue in Eastern Henrico County.  Recently acquired from Richmond Raceway by Lingerfelt Commonwealth Partners, the Carolina Avenue building is currently undergoing extensive renovations. Bob Porter handled the lease negotiations on behalf of West End Printing.

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Hanover Industrial Air Park Facility Sold for $2MM

April 2021

TP Leadbetter LLC has acquired the 22,871-square-foot office/warehouse at 11046 Leadbetter Road in Hanover County from South Atlantic Properties Inc. for $2,000,000.  The property was fully leased at the time of sale. Kevin Cox handled the marketing and sale negotiations on the seller’s behalf.

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Richard Porter Named to CoStar’s Power Broker List

April 2021

CoStar has announced the winners of its annual Power Broker Awards, and Richard Porter of Porter Realty Company Inc. has been named as one of the top industrial leasing brokers in the Richmond market.  The Power Broker Awards recognize and celebrate commercial real estate’s top brokers and firms in the United States and Canada.  Click…

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Airport Logistics Center Facility Leased to Dominion Packaging

March 2021

Richmond-based Dominion Packaging has leased 144,606 square feet of warehouse space in the second phase of the newly constructed Airport Logistics Center, proximate to Richmond International Airport in Eastern Henrico County.  Dominion Packaging manufactures premier folding cartons with a focus on innovation and value-added services, working with a variety of industry clients including Mondelez, General…

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RVA Industrial Market Review: A Solid Sector Despite Pandemic

December 2020

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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Mount-It! to Invest $7.45MM in Prince George Operation

October 2020

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…

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RVA Industrial Market Review: Market Maintains Momentum

September 2020

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…

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Ashland Industrial Building Sells for $2.7MM

August 2020

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…

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Henrico County Industrial Facility Sells For $9.39MM

July 2020

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…

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Chesterfield Office Building Sells for $2.4MM

June 2020

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…

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C&F Finance Plans New Henrico County Headquarters

March 2020

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…

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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…

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