A partnership between North River Capital, LLC, Feldman Bergin Properties, and Queenswood Partners, LLC has successfully acquired 1700 Richmond Highway in Richmond, Virginia. The property is a two-building industrial park with a total of 230,250 square feet of warehouse space.
Previously owned by NAPA Transportation and only 30% leased at the time of the transaction, this marks the first acquisition for North River Capital – an industrial-focused real estate investment company with offices in Atlanta and Charleston. For Feldman Bergin Properties – a privately-held real estate development and investment firm based in Maryland – this is their fourth acquisition in the Richmond area.
The buyer was represented by Bo McKown and Isaac DeRegibus from Cushman Wakefield | Thalhimer while Newmark’s Will Bradley facilitated the joint venture arrangement between all three partners. As part of the deal, NAPA Transportation will continue to lease one building totaling 71
