Chester distribution facility sells for $17.7M
375k square foot building sits on 33 acres off I-95
The Old Stage Distribution Center in Chesterfield County sold for $17.7 million, Cushman & Wakefield | Thalhimer announced Tuesday.
LNR Partners sold the 375,000-square-foot building, which sits on 33 acres, to New York-based Diamond Acquisitions. The distribution center is at 11200-11300 Old Stage Road in Chester, near Interstate 95. The facility is fully leased to a manufacturer of commercial refrigeration products.
The sale was completed by Bo McKown and Eric Robison of Thalhimer’s Capital Markets Group, with assistance from Thalhimer’s Graham Stoneburner. Brad Geiger of Cushman & Wakefield’s equity, debt & structured finance team secured financing for the buyer.