**Rockpoint Acquires Eight-Building Industrial Portfolio in Richmond**
Rockpoint, a real estate private equity firm based in Boston, has acquired Eastport Industrial Park—an eight-building, 1,068,995-square-foot shallow-bay infill industrial portfolio located in Richmond, Virginia.
The firm will manage and operate the portfolio in partnership with its affiliates, Rockhill Management and Rockpoint Industrial. Rockhill Management serves as Rockpoint’s dedicated property services group, while Rockpoint Industrial is the company’s industrial operating platform. Financial terms of the acquisition were not disclosed.
The Eastport Industrial Park portfolio is located in Richmond’s Airport submarket and features a variety of building configurations and suite sizes. Currently, the site is 97% leased and has shown solid leasing activity, including several new leases and lease extensions.
Strategically positioned adjacent to Richmond International Airport, Eastport Industrial Park offers direct access to major transportation routes, providing significant logistical advantages for regional and last-mile distribution across Virginia and the broader Eastern Seaboard.
Since 2020, Rockpoint has completed 16 industrial investments, encompassing approximately 15 million square feet.
