Lingerfelt's Strategic Sale of State-of-the-Art Facility

Author: Owen Jenkins Updated: 09-18-2025 08:13 AM

Lingerfelt Disposes of Premier Industrial Asset

Lingerfelt has recently made headlines with the successful sale of 1701 Bermuda Hundred, an advanced industrial facility boasting 187,890 square feet located in a notable industrial park. This strategic move highlights the company’s ongoing commitment to optimizing its real estate portfolio.

Details of the Sale Transaction

The recent transaction involved a sale price of $31.25 million, reflecting Lingerfelt's capacity to capitalize on the robust demand for industrial spaces. The property was sold to an undisclosed buyer, marking it as a significant addition to their investment portfolio. Will Bradley and Mark Williford from Newmark Industrial Capital Markets played crucial roles in representing Lingerfelt throughout the process.

Background of 1701 Bermuda Hundred

This facility was developed in partnership with Richardson Properties and completed in the past year. It is particularly noteworthy for having secured a long-term lease with a credit tenant, which speaks volumes about its desirability in the current market.

Insights from Leadership

Brian Witthoefft, the President at Lingerfelt, shared insights regarding the sale: "This project illustrates our ability to pinpoint, coordinate, and implement complex industrial development projects that cater to the needs of leading industrial tenants. Our approach ensures stellar results for our respected investors."

About Lingerfelt

Lingerfelt operates as a vertically integrated real estate investment management firm focused on maximizing returns through innovative real estate solutions. With a legacy dating back to the 1950s, they have built a reputation as a trusted name in the industry, successfully managing a portfolio exceeding 25 million square feet, valued at over $3 billion.

Strategic Partnerships

The collaboration with Richardson Properties showcases Lingerfelt's strategy of leveraging partnerships to enhance their market presence and project execution. Richardson Properties has a rich history in the real estate sector, having been actively engaged in various investment and development ventures for nearly a century.

Future Prospects

With the completion of this sale, Lingerfelt is poised to continue its trajectory of growth and investment excellence, aiming to identify and cultivate further opportunities in the real estate market.

Contact for More Information

For inquiries regarding Lingerfelt's operations or investment opportunities, you can reach out to Rob Valentine, Managing Director of Investments, at (804) 270-0015 or via email at RValentine@Lingerfelt.co.

Frequently Asked Questions

What is the size of the facility sold by Lingerfelt?

The facility measures 187,890 square feet and is located in an industrial park.

Who represented Lingerfelt in the sale?

Will Bradley and Mark Williford from Newmark Industrial Capital Markets represented Lingerfelt.

What was the sale price of the property?

The property was sold for $31.25 million.

Who developed the 1701 Bermuda facility?

Lingerfelt developed the facility in partnership with Richardson Properties.

What does Lingerfelt specialize in?

Lingerfelt specializes in real estate investment management focusing on commercial properties in the Mid-Atlantic and Southeast regions.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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