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RICHMOND, Va., Sept. 24, 2024 /PRNewswire/ — Lingerfelt is happy to announce the new signing of a 163,853 square-foot rent enlargement with NEFCO Building Provide, LLC (“NEFCO”) at Northlake Distribution Heart – Construction C, situated at 11800 N Lakeridge Pkwy, Ashland, VA 23005. Jason Hetherington, Brad Lowry, Doug Tice (Richmond, VA) and Mike Puzzo (Hartford, CT) of CBRE represented NEFCO, year Matt Anderson and Harrison McVey of Area Business Companions represented Lingerfelt within the transaction.
NEFCO is a population owned and operated development provide corporate offering a huge space of services to a immense number of skilled contractors. With 41 places all through the USA, NEFCO supplies localized, contractor-centric products and services together with in depth business experience, immense native inventories, speedy loyal task website online supply, turnkey engineering products and services, and uniqueness fabrication and meeting of development fabrics.
Northlake Distribution Heart is a 293,187 square-foot, Magnificence-A business warehouse-distribution facility situated within the Lakeridge business node of Hanover County, with instant get right of entry to to I-95 and direct connectivity to the Better Richmond pocket’s main distribution arteries. Lingerfelt received the development as a part of a better portfolio in March of 2023, right away executing a capital growth program that incorporated complete roof replacements, asphalt replacements, development portray, and LED retrofits, amongst alternative improvements.
Ron Cipriano, Govt Vice President & COO at NEFCO stated, “Since opening our 2nd Distribution Center in Ashland, VA in 2021, we have experienced tremendous organic growth in the Virginia, Maryland and North Carolina construction markets. In order to properly support our partnerships with our dedicated customer base, we were looking to double the size of our Ashland distribution center to stock a deeper and more extensive inventory of SHARP®, TOOLS+ and Safety Products. Lingerfelt provided us the perfect opportunity to grow into the adjacent spaces at the Northlake facility and we look forward to working with them for years to come.”
Rob Valentine, Predominant at Lingerfelt stated, “It is a pleasure to be able to expand our relationship with NEFCO at our Northlake facility as a result of the company’s impressive organic growth. We are honored to be in a position to assist NEFCO with their expansion in the Mid-Atlantic and to further extend our relationship.”
About Lingerfelt
Lingerfelt is a results-driven, vertically built-in actual property funding control company serving the Mid-Atlantic and Southeast United States. Because the 1950’s, Lingerfelt has been a loyal title in actual property and continues to assemble upon a stellar popularity through sourcing and making an investment in distinctive actual property alternatives that handover oversized returns for buyers and companions. Lingerfelt, in conjunction with its companions, has effectively built, received, and controlled a portfolio of over 25 million sq. ft of business actual property valued at over $3 billion and rising every date. To be told extra, discuss with www.lingerfelt.co.
About NEFCO
NEFCO is a population owned and operated development provide corporate offering a huge space of services to a immense number of skilled contractors. With 41 places all through the USA, NEFCO supplies localized, contractor-centric products and services together with in depth business experience, immense native inventories, speedy loyal jobsite supply, turnkey engineering products and services, and uniqueness fabrication and meeting of development fabrics.
For media inquiries, please touch: Rob Valentine, Predominant, Lingerfelt | [email protected]
SOURCE Lingerfelt
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