Lingerfelt announced the successful sale of Port 801, a premier industrial and logistics facility located in the heart of the Richmond, Va., market. The sale, which closed on Jan. 31, marks a significant milestone in Lingerfelt’s ongoing strategy to optimize its investment portfolio. JLL Capital Markets represented Lingerfelt in the transaction.
Lingerfelt developed Port 801 in 2022. The property, a 239,448-square-foot industrial-distribution facility constructed by ARCO Design Build, is fully leased on a long-term basis to two credit tenants. Port 801’s state-of-the-art facilities and proximity to the Port of Virginia have made it a sought-after location for logistics and distribution operations.
“This transaction represents another successful execution of our investment strategy, delivering strong returns for our investors while contributing to the continued growth of the region's industrial sector,” said John Mason, managing director, development at Lingerfe
