Lingerfelt Sells 1701 Bermuda Industrial Facility for $31.25M

Author: Olivia Taylor Updated: 09-18-2025 07:42 AM

Lingerfelt Finalizes Sale of 1701 Bermuda Industrial Development

Lingerfelt has confirmed the successful sale of 1701 Bermuda Hundred, a modern industrial facility encompassing 187,890 square feet. This property was developed in collaboration with Richardson Properties and located within the well-regarded Meadowville Technology Park.

Significant Transaction Details

The sale, which took place on a notable date in September, involved an undisclosed buyer acquiring the property for a remarkable sum of $31.25 million. The transaction was facilitated by the expertise of Will Bradley and Mark Williford from Newmark Industrial Capital Markets, who represented Lingerfelt throughout this important deal. This marks another strategic move by Lingerfelt in the ever-evolving industrial real estate market.

Implications for Future Development

Brian Witthoefft, the President of Lingerfelt, expressed pride in this project, emphasizing the company's capability to recognize and execute intricate industrial development opportunities. Such endeavors not only cater to the needs of contemporary industrial tenants but also yield excellent returns for their investors. This aligns with Lingerfelt's larger strategy of providing top-tier real estate that meets modern demands.

About Lingerfelt

Lingerfelt stands as a notable real estate investment management firm specializing in regions of the Mid-Atlantic and Southeast United States. With a legacy dating back to the 1950s, the company has built a strong reputation by seeking out and investing in distinctive real estate prospects that deliver exceptional returns. Currently, Lingerfelt's portfolio includes over 25 million square feet of commercial real estate, collectively valued at more than $3 billion, showcasing ongoing growth in a competitive market.

About Richardson Properties

Richardson Properties LLC, based in Greensboro, North Carolina, has been a significant player in real estate investment since its inception in 1925. With a focus on commercial real estate, the company prioritizes adding value through their extensive experience in development and property management. Their portfolio spans across multiple states, demonstrating their reach and influence in the industry.

Media Contact Information

For more information, please reach out to Rob Valentine, Managing Director of Investments at Lingerfelt. He can be contacted at (804) 270-0015 for any inquiries related to this sale or future projects.

Frequently Asked Questions

What is the size of the industrial facility sold by Lingerfelt?

The facility covers an area of 187,890 square feet.

Who facilitated the sale of 1701 Bermuda?

The sale was facilitated by Will Bradley and Mark Williford from Newmark Industrial Capital Markets.

What was the sales price for the property?

The property was sold for $31.25 million.

When was the 1701 Bermuda facility developed?

The construction of the facility was completed in 2023.

What types of properties does Lingerfelt invest in?

Lingerfelt focuses on unique commercial real estate opportunities ranging across various sectors to provide the best returns for investors.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

Contact Olivia Taylor privately here. Or send an email with ATTN: Olivia Taylor as the subject to contact@investorshangout.com.

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/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.