{"id":1004755463,"date":"2025-04-24T01:26:36","date_gmt":"2025-04-24T09:26:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004755463"},"modified":"2025-04-24T04:30:37","modified_gmt":"2025-04-24T12:30:37","slug":"pnk-group-starts-work-on-80m-virginia-spec-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pnk-group-starts-work-on-80m-virginia-spec-project\/","title":{"rendered":"PNK Group Starts Work on Virginia Spec Project"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a0e424780070&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004738912\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pnk-group-to-build-richmond-area-industrial-project\/1653-ashton-park-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1653-Ashton-Park-Drive-e1732713945785.jpg\" data-orig-size=\"1424,1066\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1653 Ashton Park Drive\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;. Image courtesy of PNK Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1653-Ashton-Park-Drive-e1732713945785.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"767\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1653-Ashton-Park-Drive-e1732713945785.jpg?w=1024\" alt=\"Rendering of 1653 Ashton Park Drive in Colonial Heights, VA.\" class=\"wp-image-1004738912\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1653-Ashton-Park-Drive-e1732713945785.jpg 1424w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1653-Ashton-Park-Drive-e1732713945785.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1653-Ashton-Park-Drive-e1732713945785.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1653-Ashton-Park-Drive-e1732713945785.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">PNK Group is using a proprietary modular method in bringing PNK Ashton Park online. The company utilizes standardized large-block components from its manufacturing facilities in Georgia and Pennsylvania. <em>Rendering courtresy of PNK Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>PNK Group has broken ground on PNK Ashton Park, its $80 million, 846,260-square-foot speculative industrial property located on nearly 87 acres near Richmond, Va., in Chesterfield County.<\/p>\n\n\n\n<p>The flex-use property, which could be used by either a single tenant or multiple occupiers, is slated for delivery later this year. It will become the largest speculative industrial building in the Richmond market, according to the developer.<\/p>\n\n\n\n<p>The project at 1653 Ashton Park Drive in South Chesterfield, Va., was <a href=\"https:\/\/www.commercialsearch.com\/news\/pnk-group-to-build-richmond-area-industrial-project\/\">announced in November<\/a>, one month after PNK Group acquired the site for $12 million from Emerson Cos. This will be PNK Group\u2019s first development in Virginia.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/industrials-new-groove-gradual-growth-and-tariff-talks\/\">Industrial\u2019s New Groove: Gradual Growth and Tariff Talks<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The Greater Richmond area is one of the top five markets in the Southeast when it comes to Class A vacancy, according to Jim Ingle, chair of the\u00a0Chesterfield County\u00a0Board of Supervisors and\u00a0Bermuda\u00a0District supervisor. Companies already located in the growing market include logistics and manufacturing firms the likes of FedEx, LEGO, Mondelez International, Nestle Purina, Sabra and Church &amp; Dwight. The area is also home to prominent local companies including Shepherd Electric and A&amp;A Transfer.<\/p>\n\n\n\n<p>The site is 16 miles from Prince George, Va., and 20 miles from downtown Richmond and Richmond International Airport. Interstates 95 and 295 are both nearby. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-new-spec-industrial-from-a-busy-developer\">New spec industrial from a busy developer<\/h2>\n\n\n\n<p>PNK Ashton Park will have 40- to 45-foot ceiling heights, more than 100 loading docks and 570 trailer spaces. The building, which will also include office space, can be used for a range of industrial purposes including manufacturing and distribution.<\/p>\n\n\n\n<p>In March, PNK Group delivered PNK Lambert A, a 1.2 million-square-foot, cross-dock industrial building that is part of the <a href=\"https:\/\/www.commercialsearch.com\/news\/pnk-group-wraps-up-1-2-msf-building-near-atlanta\/\">PNK Park Southern Gateway campus<\/a> in the Atlanta market. The developer broke ground on the McDonough, Ga., project in October 2023.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/how-is-class-b-industrial-adapting-to-modern-demand\/\">How Is Class B Industrial Adapting to Modern Demand?<\/a> <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>At full build-out PNK Park Southern Gateway is expected to have about 3 million square feet of industrial space across four facilities. The first building to come online was Lambert B, a 1.1 million-square-foot speculative building that was completed in 2019 and sold to KKR in 2021 for $103 million, according to CommercialEdge. KKR also acquired Lambert C, a 425,660-square-foot, single-tenant distribution building.<\/p>\n\n\n\n<p>Earlier this year, PNK Group broke ground on PNK Park Valley View industrial park in Jessup Township, Pa. Valley View 11 and Valley View 19 will feature 162,907 square feet and 255,776 square feet, respectively.<\/p>\n\n\n\n<p>Also in January, PNK Group completed a distribution center for Ecolab Corp. in High Point, N.C., totaling more than 1 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The industrial development is taking shape near Richmond.<\/p>\n","protected":false},"author":1068,"featured_media":1004738912,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,11,21742,36153],"tags":[33064,36754,37835],"class_list":["post-1004755463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-midatlantic","category-latest","category-richmond-hampton-roads","tag-chesterfield","tag-emerson","tag-pnk-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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