Lingerfelt, a leading commercial real estate investment firm, is pleased to announce the successful sale of Port 801, a premier industrial and logistics facility located in the heart of the Richmond, VA market. The sale, which closed on January 31, 2025, marks a significant milestone in Lingerfelt's ongoing strategy to optimize its investment portfolio. JLL Capital Markets represented Lingerfelt in the transaction.
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Lingerfelt developed Port 801 in 2022. The property, a 239,448 SF industrial-distribution facility constructed by ARCO Design Build, is fully-leased on a long-term basis to two credit tenants. Port 801's state-of-the-art facilities and proximity to the Port of Virginia have made it a highly sought-after location for logistics and distribution operations.
“This transaction represents another successful execution of our investment strategy, delivering strong returns for our investors while contributing to the continued growth of the region's industrial sector,” said John Mason, Managing Director, Development at Lingerfelt. “We will continue to pursue new investments in the market while always looking for opportunities to strategically divest when the time is right.”
Lingerfelt has been a trusted name in commercial real estate for over four decades, with a current focus on acquiring and developing industrial assets in Virginia and the Southeast. The firm remains committed to identifying and investing in high-quality properties that align with evolving market trends and investor interests.
About LingerfeltLingerfelt is a vertically integrated real estate investment firm with over four decades of experience in commercial real estate acquisitions, development, and investment management. The firm specializes in identifying and executing investment opportunities across key markets, delivering strong returns for investors while fostering economic growth in the communities it serves.
Media Contact:Rob ValentineManaging Director, Investments(804) 270-0015RValentine@Lingerfelt.co
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