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Home News Regions Central Virginia Porter Realty Co. Inc. reports sales of large warehouse properties in Richmond region

Porter Realty Co. Inc. reports sales of large warehouse properties in Richmond region

Published January 28, 2013 by Paula C. Squires

A 416,930-square-foot office/warehouse facility at 14174 Washington Highway in Ashland has changed hands. Clemons Warehouse LLC bought the property from Kepley Broscious & Biggs PLC Trustee for $2.4 million.  Robert E. Porter Jr. of Porter Realty Co. Inc./Corfac International handled negotiations on behalf of the buyer.

In other deals for the Richmond-based company:

Western Reserve Leasing III sold a 70,000-square-foot office/warehouse facility at 7820 Whitepine Road in Chesterfield County to 7820 Whitepine LLC for $2.5 million. Byron W. Holmes represented the seller.

The city of Richmond bought a 65,316-square-foot office/warehouse and automotive complex on Commerce Road in the city from Ashby’s Real Estate Investment LLC for $4.5 million. Richard W. Porter represented the seller.

The company also handled the sales of two other large warehouse facilities—a 334,950-square-foot warehouse at 1121 West Hundred Road in Chesterfield County to Hill Phoenix Inc.and a 225,000-square-foot warehouse at 2801 Cofer Road in Richmond to Full Service Warehouse & Logistics Inc. The sellers and sales prices for these properties were not disclosed.

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