{"id":1004651090,"date":"2023-03-13T03:22:00","date_gmt":"2023-03-13T11:22:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004651090"},"modified":"2023-03-13T03:22:02","modified_gmt":"2023-03-13T11:22:02","slug":"sanmar-commits-to-1-1-msf-virginia-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sanmar-commits-to-1-1-msf-virginia-facility\/","title":{"rendered":"SanMar Commits to 1.1 MSF Virginia Facility"},"content":{"rendered":"
\"East<\/a>

East Coast Commerce Center. Image courtesy of Hanover County Economic Development<\/em><\/p><\/div>\n

SanMar Corp.<\/strong> has selected Virginia\u2019s Greater Richmond area to be the home of its flagship distribution center on the East Coast. The Issaquah, Wash.-based company, which holds the distinction of being the largest supplier of wholesale imprintable clothing and accessories in the U.S., leased a new 1.1 million-square-foot warehouse near Ashland, in Hanover County, and will invest $50 million to establish operations at the site.<\/p>\n

Although the Richmond area is an increasingly powerful magnet for industrial-space users, SanMar\u2019s decision to locate in Virginia was not a foregone conclusion; the state competed with North Carolina for the lucrative project.<\/p>\n

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READ ALSO:<\/strong> Top 10 Commercial Real Estate Trends for 2023<\/a><\/p>\n

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Various agencies joined forces to offer SanMar incentives: The Virginia Economic Development Partnership, Hanover County and The Port of Virginia all courted the company, which is eligible to receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. At full capacity, SanMar\u2019s facility will be the site of 1,000 new jobs.<\/p>\n

The first of three speculative industrial buildings<\/h2>\n

The warehouse is part of the $100 million East Coast Commerce Center, Equity Industrial Partners Corp.<\/strong> and Raith Capital\u00a0Partners<\/strong>\u2019 nearly 200-acre industrial campus. The structure SanMar leased is the park\u2019s first speculative building and delivered in the summer of 2022. Becknell Industrial<\/strong> served as the developer of the facility, which features 36-foot ceilings, LED lighting, cross-dock loading and parking accommodations for trailers and automobiles.<\/p>\n

The campus boasts a key location just off Interstate 95, less than 30 miles from Richmond International Airport and Richmond Marine Terminal. The property is also within roughly 100 miles of the thriving Port of Virginia<\/a> in Norfolk. Upon full completion, East Coast Commerce Center will feature an additional two buildings totaling 465,000 square feet.<\/p>\n

A bustling hub<\/h2>\n

Hanover County has become a regional hub for the U.S. supply chain, Virginia Governor Glenn Youngkin said in a prepared statement. Securing SanMar\u2019s flagship distribution center highlights the state\u2019s strategic location, strong infrastructure and workforce as critical decision factors for logistics operations, he added.<\/p>\n

Fundamentals in metropolitan Richmond\u2019s industrial real estate market support the area\u2019s status as a high-demand logistics destination. \u201cIn the final quarter of 2022, as developer interest and tenant demand remained strong, annual industrial completions and positive net absorption cruised to all-time highs while vacancy dipped to all-time lows,\u201d according to a CBRE<\/strong> report.<\/p>\n","protected":false},"excerpt":{"rendered":"

The apparel manufacturer leased the first spec building at East Coast Commerce Center.<\/p>\n","protected":false},"author":969,"featured_media":1004651108,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,11,21742],"tags":[33009,32789],"class_list":["post-1004651090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-midatlantic","category-latest","tag-becknell-industrial","tag-cbre"],"acf":[],"yoast_head":"\nSanMar Commits to 1.1 MSF Virginia Facility - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"SanMar Corp. has leased a new 1.1 million-square-foot warehouse near Ashland, in Hanover County, to use as East Coast distribution hub.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/sanmar-commits-to-1-1-msf-virginia-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SanMar Commits to 1.1 MSF Virginia Facility\" \/>\n<meta property=\"og:description\" content=\"SanMar Corp. has leased a new 1.1 million-square-foot warehouse near Ashland, in Hanover County, to use as East Coast distribution hub.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sanmar-commits-to-1-1-msf-virginia-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-13T11:22:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-13T11:22:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/East-Coast-Commerce-Center-e1678704617365.png\" \/>\n\t<meta property=\"og:image:width\" content=\"682\" \/>\n\t<meta property=\"og:image:height\" content=\"511\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sanmar-commits-to-1-1-msf-virginia-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/sanmar-commits-to-1-1-msf-virginia-facility\/\",\"name\":\"SanMar Commits to 1.1 MSF Virginia Facility - 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