Lingerfelt and The Davis Companies have announced the joint venture acquisition of 95 acres of land in Henrico County, Va., for the development of 7 Hills Distribution Center. The site, located 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 of the project is expected to break ground in late summer 2025 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, chief executive and investment officer at Lingerfelt. “We’re proud to partner with Davis on this project and look forward to delivering muc
