VCU pays $7.25M for industrial site for planned athletics village
40-acre athletic village is near Richmond's Diamond stadium
Virginia Commonwealth University has made another buy as it plans out its future athletics village.
VCU bought the 5.83-acre industrial site at 1609 Sherwood Ave. in Richmond from Bourne Enterprises LC for $7.25 million, Porter Realty announced Friday.
The site contains a 173,580-square-foot existing industrial facility, partially occupied by West End Printing, which will relocate to Henrico County.
The acquisition is the latest for VCU in area near the city’s developing Diamond District built around the Richmond Flying Squirrels’ baseball stadium, The Diamond.
VCU has been buying up properties along Hermitage Road with plans to build a 40-acre athletics village that will include indoor and outdoor tennis courts accessible to the public as part of a major sports practice facility. The village will be located northeast of The Diamond baseball stadium and will have facilities for tennis, soccer and track and field events.
Bob Porter of Porter Realty Co. Inc. handled the marketing and sale negotiations on behalf of the seller.