Richmond, VA – September 25, 2020 – Colliers International is pleased to announce the sale of 1301 Battery Brooke Parkway in Richmond, Virginia for $21,350,000.
1301 Battery Brooke Parkway is a 317,319 square foot, Class A industrial building 100% leased to Hill Phoenix, Inc. and located in Richmond’s fastest growing industrial submarket.
Hill Phoenix, Inc., a wholly owned subsidiary of The Dover Corporation is a leading manufacturer of commercial refrigeration case systems used in the grocery and convenience store industries. Hill Phoenix has occupied the asset since 2009 and recently extended their occupancy in coordination with further investment in their manufacturing operations making it one of Hill Phoenix’s most modern manufacturing facilities.
The Property offers investors a rare opportunity to acquire a mission critical, long-term leased industrial asset in a highly desirable location with excellent access to I-95, I-85, and I-64, providing incredible access.
“The sale of 1301 Battery Brooke Parkway provides further evidence that Richmond is a premier and highly attractive market for sophisticated capital” said Will Bradley, Executive Vice President at Colliers International. “The market fundamentals and growth story throughout Central Virginia continue drive robust investment from the full spectrum of capital sources.
Will Bradley, Executive Vice President, Mark Williford, Vice President, Matt Anderson, Executive Vice President and Wood Thornton, Senior Vice President represented the seller.
Colliers Virginia has offices in Charlottesville, Fredericksburg, Richmond, and Norfolk. To learn more about Colliers or to view other investment sales opportunities, please visit: www.colliers.com/richmond