89 acres near Richmond airport sells for $4.78M

Land to be developed as spec industrial property

Robyn Sidersky //May 2, 2022//

Land to be developed as spec industrial property

Robyn Sidersky// May 2, 2022//

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New York-based real estate company Ashley Capital has purchased 89 acres of land near Richmond International Airport in Henrico County for $4.78 million, Cushman & Wakefield | Thalhimer announced April 27.

The land, at 7001 S. Laburnum Ave., had been owned by Pruitt Properties Inc. The new owner will use the land for a new speculative industrial development, according to Thalhimer.

Evan Magrill of Cushman & Wakefield | Thalhimer handled sale negotiations on behalf of Ashley Capital. David M. Smith and Graham Stoneburner, also with Thalhimer, represented Pruitt Properties.

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