Richmond Industrial Pipeline Shows No Sign of Slowing
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 93 percent in the categories we track (Class A, B, select C, vacant and investor-owned product with a minimum of 40,000 square feet total)… Construction is underway on Amazon’s new 650,000-square-foot robotics fulfillment center located in eastern Henrico County on a 119-acre site sold by Richmond Raceway to Dallas-based Hillwood Partners for $7.7 million earlier this year. Becknell Industrial has announced the acquisition of an 83.4-acre parcel proximate to Richmond International Airport in the Sauer Industrial Center in eastern Henrico County with plans to construct two Class facilities totaling more than 725,000 square feet.”
View Press Release