IBP Property LLC purchases portfolio of Richmond industrial properties for $6 million

Colliers International in Richmond reports a trio of industrial sales. The largest one involved Columbia, Ohio-based IBP Property LLC purchasing a portfolio of properties totaling 81,150 square feet in Richmond for $6 million. The properties are located in the Interstate Business Park on Saunders Avenue and the Interchange Corporate Center on Gaskins Road. Colliers’ Chris Wallace, Jason Hetherington and Marshall Burke represented the seller in transaction.

In other transactions for Colliers:

1519 Summit LLC purchased 45,000 square feet of industrial property at 1519 Summit Ave. and 3015 Moore St. in Richmond for $2.7 million from FastBird LLC.  Ken Barnhill and Chip Louthan handled the transaction on behalf of the seller.

Doswell Ventures LLC purchased a portfolio of industrial properties totaling 53,294 square feet for $2.6 million from Clayman Investments.  The properties are located on Wilden Drive, Tomylnn Street and Granite Springs Road in Richmond. Bill Mattox, Hetherington and Burke represented the seller in this transaction.

UP Adams LLC purchased 11 residential units at 20-24 W. Marshall St.  and 411 and 413 N. Adams St.  in Richmond for $2.37 million from Marshall Adams LLC.  Bruce Milam and Hetherington handled the transaction on behalf of the seller.

Colliers also reported several leasing deals.

N.B. Handy renewed a lease of 50,300 square feet of industrial space at 7437-7439 Ranco Road in Richmond. David Williams represented the landlord.

Phipps & Bird Inc. leased 27,614 square feet of industrial space at 2924 Bells Road in Richmond.  Louthan and Barnhill represented the tenant.

Dominion Energy leased 12,120 square feet office space at 47 Lee Highway in Verona.  Ken Campbell, Andrew Ferguson, Chris Wallace and Hetherington represented the tenant.