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Industrial

Richmond Distribution Center

Richmond, Virginia

Acquired March 2025

At a Glance

A Class A, newly constructed industrial building centrally located on the Eastern Seaboard in Richmond, VA.

Investment Rationale

  • Richmond Distribution Center is a state-of-the-art, newly constructed industrial building located in Richmond, VA, just two miles away from Richmond International Airport and eight miles from the I-95 corridor. The property is centrally located on the Eastern Seaboard in an area of growing tenant demand, low vacancies, and increased rents.

  • Built in 2022, the property is 100% leased to two long-term tenants and constructed with modern specifications and features, including a 200’ truck court area, clear heights of 32’, ample truck storage spaces, and refrigerated cold storage.

  • With its access to transportation and logistics infrastructure, this property is in a desirable location for investment and aligns well with JLL Income Property Trust’s strategy of acquiring high-quality industrial properties with strong income profiles located in strategic markets.

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