Silverman Group has entered the Richmond, VA market in a big way, with the acquisition of the Crosspointe Logistics Center—including 880 acres of land for development—from Rolls-Royce, the British aircraft engine maker that previously operated an advanced manufacturing facility on the site.
Silverman acquired the property through its affiliate SL Industrial Partners. Rolls-Royce was represented in the transaction by Colliers and Cushman & Wakefield. Terms of the deal were not disclosed.
Crosspointe Logistics Center currently is occupied by an empty 292K SF industrial building that offers dual circuit electrical service with a total capacity of 50 MVA and a 350 KW backup generator.
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