A joint venture of Lingerfelt and The Davis Companies acquired 95 acres of land in Henrico County, VA, for the development of 7 Hills Distribution Center. The site, located just south of Richmond International Airport, is fully entitled for the phased development of approximately 820,800 square feet of Class A warehouse and distribution space across four buildings.
Phase I is expected to break ground in late summer and will include major site work, the extension of 7 Hills Boulevard through the property and the speculative construction of Building 1, totaling 267,840 square feet. Delivery of Building 1 is anticipated for fall 2026.
“This is an exciting milestone that reflects our ongoing strategy of developing high-quality industrial assets in key growth corridors,” said Ryan Lingerfelt, CEO & CIO at Lingerfelt. “We’re proud to partner with Davis on this project and look forward to delivering much-needed Class A industrial space to the market.”
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