Rockpoint Acquires Industrial Property On Bermuda Hundred Road In Chester For $108 Million

The property involved in this transaction is an industrial asset located at 2601 & 2701 Bermuda Hundred Road in Chester, VA, with a total square footage of 1,030,000. The transaction was completed for a sale price of $108,000,000, resulting in a price per square foot of $105.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $108,000,000
• Address: 2601 & 2701 Bermuda Hundred Road
• Market: Chester, VA
• Square Footage: 1,030,000
• Price per Square Foot: $105
• Buyer: Rockpoint
• Seller: Lex Chester LLC
• Brokerage Firm: Cushman & Wakefield
• Brokers: Bo McKown, Jonathan Carpenter, Graham Savage & Dawes Milchling

The deal involved Rockpoint, along with its operating partner Rockpoint Industrial, acquiring the Richmond Trade Center in Chesterfield County from an affiliate of LXP Industrial Trust. The total size of the acquisition was 119 acres, which comprised five industrial buildings.