{"id":1004759892,"date":"2025-05-30T13:15:35","date_gmt":"2025-05-30T21:15:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004759892"},"modified":"2025-05-30T13:16:13","modified_gmt":"2025-05-30T21:16:13","slug":"lingerfelt-jv-launches-richmond-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lingerfelt-jv-launches-richmond-project\/","title":{"rendered":"Lingerfelt JV Launches Richmond Project"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a0e35d74bd6a&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004760022\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lingerfelt-jv-launches-richmond-project\/7-hills-distribution-center-rendering\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/7-Hills-Distribution-Center-Rendering.png\" data-orig-size=\"800,620\" 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=\"7 Hills Distribution Center Rendering\" data-image-description=\"&lt;p&gt;Sent by Rob Valentine of Lingefelt. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Rendering of Building 1 at 7 Hills Distribution Center. Rendering courtesy of Lingerfelt&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/7-Hills-Distribution-Center-Rendering.png?w=800\" 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\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/7-Hills-Distribution-Center-Rendering.png?w=800\" alt=\"Rendering of Building 1 at 7 Hill Distribution Center.\" class=\"wp-image-1004760022\" style=\"width:398px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/7-Hills-Distribution-Center-Rendering.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/7-Hills-Distribution-Center-Rendering.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/7-Hills-Distribution-Center-Rendering.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><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\">Rendering of Building 1 at 7 Hills Distribution Center. <em>Rendering courtesy of Lingerfelt<\/em>.<\/figcaption><\/figure><\/div>\n\n\n<p>A joint venture between Lingerfelt and The Davis Cos. has purchased 95 acres of land in Richmond, Va., for the development of 7 Hills Distribution Center, a four-building industrial property. Construction on the multi-phase project is set to begin this summer.<\/p>\n\n\n\n<p>The initial phase of the development will consist of site work, the extension of 7 Hills Boulevard and the construction of the project&#8217;s first building. The 267,840-square-foot Class A facility is scheduled for delivery by the fall of 2026. The joint venture will then begin construction on buildings two, three and four.<\/p>\n\n\n\n<p>Future phases of the project will include various leasing strategies such as build-to-suit and prelease arrangements. Upon completion, the distribution center is set to encompass 820,800 square feet.<\/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\/new-jerseys-industrial-sales-lead-nation\/\" target=\"_blank\" rel=\"noreferrer noopener\">New Jersey\u2019s Industrial Sales Lead Nation<\/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>Located along the 7 Hills Blvd. extension, the future 7 Hills Distribution Center is close to the Richmond International Airport. Downtown Richmond is within 7 miles from the development site and Interstate 64 is close by.<\/p>\n\n\n\n<p>Last September, Lingerfelt entered a 233,359 square-foot lease <a href=\"https:\/\/www.commercialsearch.com\/news\/lingerfelt-inks-233-ksf-lease-near-richmond\/\" target=\"_blank\" rel=\"noreferrer noopener\">at Ruffin Mill Distribution Center<\/a> in Colonial Heights, Va. Information management provider Vital Records Control agreed to occupy the space. The property is now completely occupied by 12 tenants.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-lingerfelt-and-the-davis-cos\">Lingerfelt and The Davis Cos. <\/h2>\n\n\n\n<p>Previously, the partnership teamed up to develop the Carmel Church Business Center along Enterprise Parkway and Rogers Clark in Ruther Glen, Va. The location is approximately 25 miles north of Richmond, along I-95 in Caroline County.<\/p>\n\n\n\n<p>Lingerfelt purchased the 24-acre property from CCBC Properties in April 2023 for $2.6 million. The partnership between Lingerfelt and Davis developed a 325,500-square-foot Class A warehouse at the site, which came online last year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-richmond-industrial-projects\">Richmond industrial projects<\/h2>\n\n\n\n<p>Multiple projects in the Richmond industrial market have broken ground in 2025 thus far. In addition to the partnership between Lingerfelt and Davis having expanded in the area, PNK Group began construction on <a href=\"https:\/\/www.commercialsearch.com\/news\/pnk-group-starts-work-on-80m-virginia-spec-project\/\" target=\"_blank\" rel=\"noreferrer noopener\">PNK Ashton Park<\/a>. The flex-use property will feature 846,260 square feet and will be the largest speculative industrial building in the Richmond market.<\/p>\n\n\n\n<p>In Ashland, Va., Merritt Properties started its expansion at <a href=\"https:\/\/www.commercialsearch.com\/news\/merritt-kicks-off-richmond-area-industrial-expansion\/\" target=\"_blank\" rel=\"noreferrer noopener\">Crescent Business Center<\/a> with a light industrial project that will add 240,000 square feet to the property. Once completed, the center will encompass more than 500,000 square feet. Merritt is working on the expansion in two phases with two new facilities. Phase one is expected to be delivered this summer, with one building being 90 percent leased to Agility and CB Floorings. Merritt purchased the property back in 2022 for $41.3 million.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the joint venture&#8217;s second development in the market. <\/p>\n","protected":false},"author":3749,"featured_media":1004760022,"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":[43475,35120],"class_list":["post-1004759892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-midatlantic","category-latest","category-richmond-hampton-roads","tag-lingerfelt-commonwealth-partners","tag-the-davis-companies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lingerfelt JV Launches Richmond Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Lingerfelt and The Davis Cos. acquired 95 acres for the development of 7 Hills Distribution Center in Richmond, Va.\" \/>\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\/lingerfelt-jv-launches-richmond-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lingerfelt JV Launches Richmond Project\" \/>\n<meta property=\"og:description\" content=\"Lingerfelt and The Davis Cos. acquired 95 acres for the development of 7 Hills Distribution Center in Richmond, Va.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lingerfelt-jv-launches-richmond-project\/\" \/>\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=\"2025-05-30T21:15:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-30T21:16:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/7-Hills-Distribution-Center-Rendering.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mikayla Sciortino\" \/>\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\/lingerfelt-jv-launches-richmond-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lingerfelt-jv-launches-richmond-project\/\",\"name\":\"Lingerfelt JV Launches Richmond Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lingerfelt-jv-launches-richmond-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lingerfelt-jv-launches-richmond-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/7-Hills-Distribution-Center-Rendering.png\",\"datePublished\":\"2025-05-30T21:15:35+00:00\",\"dateModified\":\"2025-05-30T21:16:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f119cdcafd70d8f34fc5aa340ed5382b\"},\"description\":\"Lingerfelt and The Davis Cos. acquired 95 acres for the development of 7 Hills Distribution Center in Richmond, Va.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lingerfelt-jv-launches-richmond-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/lingerfelt-jv-launches-richmond-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lingerfelt-jv-launches-richmond-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/7-Hills-Distribution-Center-Rendering.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/7-Hills-Distribution-Center-Rendering.png\",\"width\":800,\"height\":620,\"caption\":\"Rendering of Building 1 at 7 Hills Distribution Center. 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