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Mixson, Frampton, Singerman JV secures $34m in construction financing for logistics center in Richmond, Va.
Transactions - OCTOBER 18, 2024

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Mixson, Frampton, Singerman JV secures $34m in construction financing for logistics center in Richmond, Va.

by Denise Moose

A joint venture between Mixson Properties, Frampton Strategy Group and Singerman Real Estate has secured $34 million in construction financing for the development of Whitepine Logistics Center, a three-building class A industrial project located in Richmond, Va.

JLL worked on behalf of the joint venture to secure the financing through Texas Capital.

The project, totaling 498,000 square feet, will feature front-parked, rear-loaded tilt wall construction shells with 32-foot clear heights, designed to accommodate multitenant configurations. The joint venture closed the loan with a shovel-ready site, marking an impressive start to the project.

Located at 8800 Whitepine Road, the logistics center is positioned in the southwest submarket of Richmond, Va. The city's unique location at the intersection of three major highways (Interstates 95, 85 and 64) offers access to key metropolitan areas including Atlanta; Charlotte, N.C.; Raleigh-Durham, N.C.; and Washington, D.C.

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