Colliers is pleased to announce the sale of Crosspointe Logistics Center located at 8800 Wells Station Road, Prince George, VA. SL Industrial Partners an affiliate of the Silverman Group purchased the former Rolls-Royce manufacturing facility which consists of a 291,689 square foot building and approximately 880 acres of future developable land. Matt Anderson, Joe Marchetti, and Rebecca Barricklow with Colliers represented Rolls-Royce in the sale alongside Fritz Kauffman and Megan Cuvelier with Cushman & Wakefield.
“We are very excited about this acquisition and entering the greater Richmond, VA market working with the Colliers team on this assignment as our industrial portfolio and development platform expands,” says Blake Silverman President of the Silverman Group.
Colliers’ Matt Anderson, Frank Hargrove, and Harrison McVey have been engaged by the new owner to lease the existing state-of-the-art manufacturing facility as well as future buildings in the complex. The building has dual circuit electrical service with a total capacity of 50 MVA and a 350 KW backup generator.
“Having a ready to go building that has abundant power, infrastructure, expansion capabilities and available immediately for users to occupy is hard to find in today’s environment. We are thrilled to be entering the Richmond market with this irreplaceable asset and the future development of the excess land with multiple buildings,” says Toby Nelson, Vice President of Leasing of the Silverman Group.
The Crosspointe Logistics Center is strategically located between the Port of Virginia’s Norfolk and Richmond terminals and at the crossroads of I-295, I-95, and Route 460. Upon completion of the project, this park will feature a multiple of high quality industrial and manufacturing buildings totaling over 3,000,000 square feet.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and more than $65 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors, and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
About SL Industrial Partners
SL Industrial Partners an affiliate of the Silverman Group is a nationally recognized owner, investor, developer, and manager of real estate throughout the country with corporate offices, in Basking Ridge, NJ. The firm owns and manages over 25,000,000 square feet of office, industrial, retail, and aviation properties as well 4,000 multi-family units throughout the United States. It has over 15,000,000 square feet of commercial space and 2,000 multi-family units currently under development in 9 states. Learn more at silvermangroup.net, LinkedIn.
