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LaSalle Investment Management Acquires 505068 Square Foot Warehouse In South Chesterfield For $70.5M

Property Image
SOLD
$70,500,000

Virginia

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Industrial505,068 SF
Sold 10/30/2025
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Property Image
SOLD

LaSalle Investment Management Acquires 505068 Square Foot Warehouse In South Chesterfield For $70.5M

16401 Walthall Industrial Parkway

See Similar Deals
Industrial505,068 SF
Sold 10/30/2025
the dealdetailscomps

Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$139
Total Square Footage:505,068 SF
Transaction Type:Sale

LaSalle Investment Management acquired a 505,068-square-foot warehouse located at 16401 Walthall Industrial Parkway in South Chesterfield, VA, for $70.5 million. The asset, known as AXIAL Gateway 95, was completed in 2023 and is fully leased to Hillphoenix. The facility spans 57 acres, features 36-foot clear heights, and includes 66 dock doors, with additional room for future expansion.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $70,500,000
  • Buyer: LaSalle Investment Management
  • Seller: Crescent Communities
  • Broker: JLL
  • Square Footage: 505,068
  • Price Per Square Foot: $140
  • Market: South Chesterfield, VA

The transaction involves key entities with LaSalle Investment Management purchasing the property from Crescent Communities, represented by JLL. This acquisition reflects the growing demand for industrial assets in the area.

Players

JLL
JLL
BROKERAGE
LaSalle Investment Management
LaSalle Investment Management
BUYER
CC
Crescent Communities
SELLER

Details

SOLD
IMAGE: 10/30/2025 ADDRESS: 16401 Walthall Industrial Parkway MARKET: South Chesterfield, VA ASSET TYPE: Industrial BUYER: LaSalle Investment Management SELLER: Crescent Communities BROKER: JLL SALE PRICE: $70,500,000 SF: 505,068 ~ PPSF: $140 NOTE: LaSalle Investment Management acquired AXIAL Gateway 95, a 505,068-square-foot warehouse in South Chesterfield, Va., from Crescent Communities for $70.5 million. Completed in 2023 and fully leased to Hillphoenix, the facility sits on 57 acres near I-95 and features 36-foot clear heights, 66 dock doors, and room for future expansion.

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