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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 its planned 2.6 million-square-foot industrial complex, codenamed Project Speedway.
Plans filed with the county show that Hillwood is seeking to build on a total of 247 acres, with the other half of the project rising across the street at 5900 Richmond Henrico Turnpike. As of press time, county property records show that land is still owned by Richmond Raceway. ....

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Prince George industrial park plans huge spec warehouse expansion


Prince George industrial park plans huge spec warehouse expansion
Courtesy of The Hollingsworth Cos.)
The Richmond market’s industrial real estate sector continues its strong start in 2021, with a complex in the region’s southern half set to expand by nearly 50 percent.
Tennessee-based The Hollingsworth Cos. is preparing to begin work on a 650,000-square-foot industrial building in the Southpoint Business Park in Prince George.
Located at 6162 Quality Drive, the park currently houses about 950,000 square feet of industrial space across 11 buildings on its 152 acres. Hollingsworth began developing the park 15 years ago, adding to a portfolio of 18 million square feet of industrial space, located mostly in the Southeast. ....

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