JLL Capital Markets handles $85 million sale for Scannell Properties' 328,335-square-foot mission-critical cold storage facility in the Richmond, VA market of Glen Allen

  

SOLD: Performance Food Group @ Cardinal North,
a 328,335-square-foot, mission-critical
cold storage and distribution facility
 in Glen Allen, Va

 

WASHINGTON, DC –  JLL Capital Markets has arranged the $85.4 million sale of Performance Food Group @ Cardinal North, a 328,335-square-foot, mission-critical cold storage and distribution facility in Glen Allen, Virginia.

Bill Prutting

JLL worked on behalf of the seller, Scannell Properties, and procured the buyer.

 

Fully leased to Fortune #91 Performance Food Group Company, this mission-critical facility delivered in 2023 and features state-of-the-art infrastructure, including 160,000 square foot of freezer/cooler space, a nearly 10,000-square-foot, stand-alone vehicle maintenance facility and fuelling facility, a 32-foot clear height, 52 fully fit-out dock-high doors, 138 supplemental trailer storage spaces and sits on a 59.3 acre-parcel with room for two additional expansion areas to increase the under roof area by up to an additional 40 percent more square feet.

Pete Pittroff

Strategically located less than one mile from I-95, efficiently connecting the facility to the entire East Coast, PFG @Cardinal North benefits from premier accessibility to the entire Richmond MSA and its dense labor pool.

 

The property is positioned less than 25 minutes from the Richmond International Airport (RIC) and Richmond Marine Terminal, providing excellent multimodal logistics optionality.

 

The JLL Capital Markets team was led by Senior Managing Directors Bill Prutting and Pete Pittroff, Senior Director Craig Childs and Dave Andrews and Josh McArdle and Christopher Dale.

 CONTACT:

 Alli Stent

PR, Hotels & Hospitality, Capital Markets

Chicago | JLL
M +1 330 329 6750