Liberty Property Trust to break ground on $8.3 million industrial building in Richmond on June 18

Liberty Property Trust said Monday that it would break ground on an $8.3 million, 129,660-square-foot industrial facility at Eastport Business Center in Richmond on Wednesday, June 18.

The project, Eastport VIII, is Liberty’s first speculative development in the Richmond area since 2008. The company said it would provide needed institutional quality industrial space to local businesses seeking to expand and to companies looking to locate in the region.

Wednesday’s groundbreaking ceremony will be held from 11:30 a.m. to 1 p.m. at 5550 Eastport Blvd.  Liberty Property, a Pennsylvania-based real estate investment trust, will host economic development representatives, brokers and other invited guests. The facility will be located in Liberty’s Eastport Business Center off Laburnum Avenue near Richmond International Airport.

Brian Felton, senior director of leasing in Richmond, Craig Cope, vice president and city manager for the Virginia region, and Jim Mazzarelli, senior vice president and regional director, along with the Liberty Property Trust Richmond team will be on hand to answer questions about the project.

Representatives for McKinney and Co. and ARCO Design/Build also will attend.