Lingerfelt CommonWealth has declared that a million-dollar reposition and renovation of the “Henrico Industrial Facility” will occur.
Richmond based commercial real estate investment company Lingerfelt CommonWealth Partners LLC announced on April 7 that it had purchased an industrial facility in Henrico County for $7.8 million.
Located at 4300 Carolina Ave., the 223,479-square-foot industrial facility in Henrico County is located in the Richmond Distribution Center complex. It is near Richmond International Raceway.
Lingerfelt CommonWealth also declared that the Henrico Industrial facility, which is currently unoccupied, will receive a multimillion-dollar improvement and renovation.
The property improvement process will take approximately 3 months and include many structural reformations such as;
- An expanded loading area and truck court
- Installation of new roofing system
- New dock doors
- Additional loading docks
- A new LED warehouse lighting package
- A modernized sprinkler system
Lingerfelt CommonWealth is an independent, commercial, and vertically integrated real estate investment company headquartered in Richmond, with over 50 years of expertise.
Henrico County, or County of Henrico, is located in the United States, in the Commonwealth of Virginia. In 2010 estimation, the population was over 306,935. It is the 5th most populous Virginian county. It is included in the Richmond Region and bounded by the river Chickahominy.
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