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Becknell sells five Richmond-area industrial properties for $65M

Becknell sells five Richmond-area industrial properties for $65M April 19, 2021 Tenants at the Airport Distribution Center that recently sold for $65 million include WestRock, Bunzl, Mann+Hummel and Veritiv. ( Mike Platania photo) Richmond’s industrial real estate sector continues its red-hot streak, with a new-to-market firm dropping over $65 million to get in on the action and a VCU Health-anchored building fetching $8 million. New York-based Raith Capital Partners recently purchased more t...
United States Matt Anderson Mark Williford Mike Platania Becknell Airport Logistics Center Sauer Properties

Richmond Raceway unloads two parcels to separate buyers for $15.5M

Richmond Raceway unloads two parcels to separate buyers for $15.5M Courtesy of Google Maps) Richmond Raceway has recently closed a pair of land deals totaling more than $15 million, paving the way for two new industrial projects. The larger of the two deals land-wise involved the sale of an undeveloped 120-acre plot at 5901 Richmond Henrico Turnpike. It sold for $7.7 million to Dallas-based Hillwood Enterprises. The acreage represents about half of the land Hillwood is looking to build on for i...
United States Brian Witthoefft Sauer Properties Hillwood Enterprises Richmond International Airport Richmond Raceway

Paper Source latest national retailer to file for bankruptcy in Richmond

Paper Source latest national retailer to file for bankruptcy in Richmond Mike Platania photo) Looking to get well soon, a COVID-battered chain of stationery and greeting card shops with a location in Carytown has joined the wave of national companies to seek bankruptcy protection in Richmond. Paper Source, a Chicago-based brand with more than 150 stores, filed for Chapter 11 on Tuesday in federal court in Richmond as it looks to get a handle on its debt by selling its assets while staying open ...
New York United States James Center Christopher Jones Paula Beran Tavenner Beran

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