NYW Enterprise buys former Smurfit Stone property in Richmond for $2.7 million
- July 18, 2011
NYW Enterprise LLC has purchased a building to expand its Richmond operation. A subsidiary of New York-based New Yung Wah Trading LLC, the company purchased a 145,706-square-foot industrial facility at 5700 Lewis Road near Richmond International Airport in Henrico County for $2.7 million. The 11-acre site, the former home of Smurfit Stone, had been on the market for a year.
New Yung Wah also oversees an operation on Eubank Road in Henrico, which it will continue to operate. The company, in business since 1993, has built a distribution fleet of more than 70 trucks, which serve the food services industry and restaurants throughout the East Coast, with hubs in New York, Pennsylvania, and Virginia. Bob Porter and Cliff Porter, both of Porter Realty Company Inc. in Richmond, handled the marketing of the property and sale negotiations on behalf of the seller, Lewis Road LLC. behalf. Dick Porter, also of Porter Realty, represented NYW Enterprise.
The Lewis Road facility offers active rail service, 13 loading docks with drive-in access and high ceilings. The location in Henrico’s East End is close to Interstates I-64, I-295 and I-895.