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REIT lays groundwork for more East End warehouse space
August 12, 2015
A Pennsylvania REIT is thirsty for more industrial space in eastern Henrico.
Liberty Property Trust last week purchased 95 acres at 5800 Technology Blvd., where it plans to build a new warehouse and office building of about 200,000 square feet.
Renderings included in development plans the company filed with Henrico County list Associated Distributors, a large alcoholic beverage distributor, as the planned tenant for the property. Those plans were approved by the county in May.
Liberty’s acquisition of the 95 acres closed Aug. 4 for $1.5 million. The seller was an entity called Elko II LLC, which had owned a share of the property since at least 2007.
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