Lingerfelt Celebrates Full Occupancy at Ashton Logistics Park
Lingerfelt Celebrates Full Occupancy at Ashton Logistics Park
Lingerfelt and Colliers are thrilled to announce a significant achievement with the execution of an 85,750 square-foot full-building lease with Shepherd Electric Supply at Ashton Logistics Park. Located at 1630 Ashton Park Drive, this strategic leasing marks a crucial step in enhancing the logistics capabilities in the area.
About Shepherd Electric Supply
Shepherd Electric Supply, a company established in 1892, is known as the oldest wholesale electrical distributor in the Mid-Atlantic region. Based in Clayton, Missouri, this American-owned company has built a reputation for outstanding customer service and boasts the most extensive inventory in the region. It serves a wide array of clients, including commercial construction, lighting and switchgear projects, government organizations, and various industrial sectors.
Details of Ashton Logistics Park
Ashton Logistics Park consists of two buildings totaling 523,407 square feet, designed specifically for industrial warehousing and distribution. The project, managed by ARCO Design Build, was delivered in the first quarter of the year with an impressive initial occupancy rate of 84%. With Shepherd Electric's recent lease, both buildings are now fully occupied on a long-term basis.
Significance of Full Occupancy
This landmark deal not only signifies 100% occupancy for Ashton Logistics Park but also highlights Lingerfelt's successful management of a 1.8 million-square-foot industrial portfolio throughout the Ashton Creek area. The strategic location and high-quality construction of these facilities have made them a favorable choice for businesses looking to thrive in today's competitive market.
Words from Lingerfelt's Leadership
John Mason, Senior Vice President of Development at Lingerfelt, expressed enthusiasm about meeting the needs of Shepherd Electric in their new space. He emphasized Lingerfelt's focus on delivering premier industrial properties that cater to the logistical requirements of companies aiming for growth. Mason noted that the Ashton Creek area offers the connectivity and infrastructure that companies like Shepherd Electric need to enhance their operational capabilities.
Acknowledging Partners
The successful lease negotiations were facilitated by Colliers' team, including Wood Thornton, Rob Dirom, and Frank Hargrove, III, who worked diligently to ensure a seamless leasing process for all parties involved.
About Lingerfelt
Lingerfelt is a vertically integrated real estate investment management firm renowned for its results-driven approach. Established in the 1950s, Lingerfelt has become a dependable name in the real estate sector, consistently sourcing and investing in unique opportunities across the Mid-Atlantic and Southeast United States. The firm has amassed a portfolio of over 25 million square feet of commercial real estate valued at more than $3 billion, a testament to its efforts in creating valuable partnerships and delivering optimal returns.
Commitment to Excellence
The organization's commitment to quality and customer satisfaction continues to drive its growth, as it endeavors to meet the evolving needs of modern real estate markets.
Frequently Asked Questions
What is Ashton Logistics Park?
Ashton Logistics Park is a state-of-the-art industrial warehouse-distribution site designed for optimal logistics and operational efficiency, consisting of two buildings totaling 523,407 square feet.
Who is Shepherd Electric Supply?
Founded in 1892, Shepherd Electric Supply is a leading wholesale electrical distributor known for exceptional service and an expansive product range, servicing various sectors from commercial construction to government organizations.
Why is the recent lease significant?
The lease with Shepherd Electric Supply represents the achievement of full occupancy for Ashton Logistics Park, highlighting Lingerfelt's successful management and commitment to quality industrial spaces.
Who facilitated the lease negotiations?
The lease negotiations were handled by the experienced team from Colliers, including Wood Thornton, Rob Dirom, and Frank Hargrove, III.
What does Lingerfelt specialize in?
Lingerfelt specializes in real estate investment management, focusing on sourcing and developing industrial properties within the Mid-Atlantic and Southeast regions to maximize investment returns.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- SENIX Tools Captivates with Award-Winning Pole Saw Innovation
- How NFL Ratings Surge Benefits Media Giants in 2024
- Human-Centric Business: Embracing Spiritual Enterprise at One Planet Summit 2024
- Viatris Set to Share Q3 2024 Performance Insights Soon
- La-Z-Boy Welcomes New Director to Enhance Board Strategy
- Precigen Focuses on Innovative Therapies at Upcoming Healthcare Event
- Graphite One Plans to Extend Warrant Expiry Date for Investors
- Fathom Realty's $2.95 Million Settlement: A Strategic Move
- PAVmed Strengthens Position for Nasdaq Compliance Reinstatement
- Genius Group Cancels Meeting And Expands Strategic Initiatives
Recent Articles
- Univation's Technology Choice Impacts IOCL's PE Production Plans
- Three Women at Quantix Honored with Supply Chain Awards
- Innovative Cancer Treatment Unveiled by PhytoHealth Corporation
- Exciting New Franchise Opportunity for Tint World in Wisconsin
- Gogo Business Aviation and Airshare Unite for Enhanced Connectivity
- WaverBed's Latest Innovation: The Transformative WaverMat
- Vizsla Silver Secures $65 Million Financing for Expansion
- Domino's Introduces 5-Cheese Mac & Cheese for Fall Enjoyment
- FANUC Corp Faces Mixed Review Amidst Market Reassessments
- Yelp Faces Headwinds from Competition Despite Recent Growth
- Mosaic Company Faces Production Challenges and Strategic Changes
- TriSalus Life Sciences Shows Promise with Cancer Treatment Tech
- Metcash Stock Sees Positive Growth Amid Industry Changes
- Truist Elevates Builders FirstSource Rating Amid Growth Prospects
- AutoZone: Strategies for Growth Amidst Market Challenges
- JPMorgan Ups Rating for Northern Star Resources: What's Next?
- Understanding Market Reactions Ahead of Fed Interest Rate Changes
- Investors React to Hemlo Explorers' Promising Project Update
- Identifying Bargains: Analyzing Overlooked Stocks Today
- Exploring Michael Saylor's Bitcoin Predictions and Strategy
- LIS Technologies Welcomes Keith Everly as Security Chief
- Market Anticipation Grows Ahead of Fed's Decision Next Week
- Advancements in Dermatologic Surgery: ASDS Hosts Innovative Course
- VEON's Commitment to Ukraine: Investment and Growth Insights
- Can-Fite Advances Pancreatic Cancer Treatment with New Study
- Battery-Operated Smoke Detectors to Surpass $5 Billion by 2034
- D.O.G.E Shines Bright: A New Era of Memecoins Emerges
- Crypto Plus: Empowering the Global Cryptocurrency Community
- Leadership Changes at Lantronix: Strategic Transition Ahead
- Revolutionary Mpox Vaccine Candidate By Tonix Gains Support
- Zentalis Pharmaceuticals Celebrates FDA Approval to Resume Azenosertib Trials
- Critical Metals Corp: Driving Innovation in Lithium Supply Chains
- Nayax and Adyen's Strategic Partnership Set to Transform EV Payments
- WisdomTree Issues Notice on ETP Securities Threshold Changes
- ANI Pharmaceuticals Moves Forward with Alimera Acquisition
- Reliance, Inc.'s New Credit Facility: Unleashing Growth Potential
- Wabash Recognized Among Top Workplace Innovators by Newsweek
- AMC Entertainment Welcomes Marcus Glover to Board of Directors
- Arizona Sonoran Copper Company Enhances Drill Program at Cactus
- USI's Volunteer Campaign Celebrates Community Impact This Year
- Piedmont Lithium Advances with EPA Permit for Ewoyaa Project
- Gauzy Set to Launch Cutting-Edge AI Driver Assistance Tech
- Upstart Sets Stage for $300M Private Offering of Notes
- Tech Stocks Face Mixed Sentiment Amid Rate-Cut Speculations
- AECOM Expands Services for Northern Ireland Water Framework
- New Gold Reports Significant Exploration Advancements
- Alcoa's Strategic $1.1 Billion Joint Venture Sale Insights
- Innovative Clean Energy Truck Program Launched with J.B. Hunt
- Crossroads Hospice Partners with Agape Care Group for Growth
- Analysts Caution on Initial Demand for Apple's iPhone 16 Series