Interport Business Center in Richmond acquired by MDH Partners
The Interport Business Center in Richmond, Virginia has been sold to MDH Partners for an undisclosed price. Totaling 618,229 square feet, the three-building industrial complex is located at at 4700 and 4800 Eubank Road and 5300 South Laburnum Avenue adjacent to Richmond International Airport. The buildings were 93 percent leased at the time of the transaction and feature 18 to 27 foot clear heights, 40 by 40 foot column spacing, 95 dock doors and 11 drive in doors. Holliday Fenoglio Fowler represented the sellers. a joint venture between Columbia-based Manekin and Blue Vista Capital Management who bought the asset in 2013 for $20 million. The HFF investment sales team representing the seller consisted of senior managing directors Bruce Strasburg and Chris Norvell and director Patrick Nally.
