RICHMOND—Liberty Property Trust has brokenground on a spec industrial property in the 98-acreEastport Business Center. The investment for the129,660-square foot project—the first for the REITin the region since 2008—clocks in at $8.3 million.
Potential tenants are expected to be local businesses seeking toexpand and companies looking to locate in the region, says CraigCope, vice president and city manager for the Virginia region.
Called Eastport VIII, the new facility will feature 54' x 45'bays with 60' loading bay, 28' clear ceiling height, energyefficient T-5 fluorescent fixtures with motion sensors, EarlySuppression Fast Response fire suppression system and tilt wallconstruction. It will be divisible from 26,000 square feet andup.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
