A joint venture between Lingerfelt and Partners Group has closed on a $105.6 million acquisition of Northlake and Walthall Distribution Centers. The portfolio includes four multi-tenant logistics facilities totaling 1,161,716 square feet in the Richmond, Virginia MSA. The facilities are 100% leased to a total of 18 tenants including multinational firms.

Northlake Distribution Center is a 293,115 square-foot logistics facility located along the I-95 North distribution corridor in Ashland, VA.

David Hoffman

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