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Becknell sells five Richmond-area industrial properties for $65M
April 19, 2021
Tenants at the Airport Distribution Center that recently sold for $65 million include WestRock, Bunzl, Mann+Hummel and Veritiv. (
Mike Platania photo)
Richmond’s industrial real estate sector continues its red-hot streak, with a new-to-market firm dropping over $65 million to get in on the action and a VCU Health-anchored building fetching $8 million.
New York-based Raith Capital Partners recently purchased more than 700,000 square feet of total warehouse space across five properties at 2400, 2500, 2600 and 2700 Distribution Drive at the Airport Distribution Center in Eastern Henrico, and at 8750 Park Central Drive in northern Henrico.
Raith purchased the buildings for a total of $65.4 million, per county property records. The acquisitions mark the firm’s first foray into the region.
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