Strategic Growth: Lingerfelt & Davis Expand with Major Lease
Lingerfelt & Davis Expand Operations with Major Lease
Lingerfelt and The Davis Companies are thrilled to announce a significant leap forward in their operations with a new 152,491 square foot lease signed with M.C. Dean at the Carmel Church Business Center. This facility marks an exciting step for both companies as they continue to enhance their services and operational capacities.
Details of the Lease
The lease with M.C. Dean not only signifies a strategic move for Lingerfelt and Davis but emphasizes their commitment to providing top-notch logistics and operational solutions in their respective sectors. The agreement was facilitated by industry professionals Jake Servinsky and Jimmy Appich from JLL, along with Graham Stoneburner and Mark Douglas from Cushman & Wakefield | Thalhimer, representing ownership.
M.C. Dean's Mission and Growth
M.C. Dean stands out as a leading engineering and systems integration firm, dedicated to building automated, secure, and resilient technology systems across various sectors. Their expertise spans electrical and electronic security systems, telecommunications, and life safety solutions. The recent lease is particularly crucial for M.C. Dean as it enables them to transition some existing storage space into expanded production capacity, catering to their increasing customer demands in the mission-critical space.
About the Carmel Church Business Center
The Carmel Church Business Center isn’t just another industrial warehouse; it is a Class A facility encompassing 325,500 square feet strategically located in the heart of the Richmond industrial market. With direct access to I-95, the center is poised to facilitate seamless connectivity for distribution along the East Coast, a vital aspect for a growing business like M.C. Dean.
Future Developments and Expansion
In relation to ongoing projects, Lingerfelt and Davis have also secured a 95-acre site in Henrico County, Virginia, to establish the 7 Hills Distribution Center. This project is designed to provide approximately 820,800 square feet of Class A space, reflecting the companies' forward-thinking approach to real estate development and their commitment to expanding their operational footprint in the Southeast. Positioned just south of Richmond International Airport, this strategic site will significantly enhance logistical capabilities.
Commitment and Vision
David Allen, Senior Vice President of Asset Management at Davis, expressed enthusiasm about the Carmel Church Business Center, indicating that it represents a continued commitment to enhancing tenant experiences and delivering top-tier warehouse solutions. Similarly, Brian Witthoefft, President at Lingerfelt, highlighted their dedication to partnering with innovative companies like M.C. Dean, remarking on their commitment to excellence and growth.
About Lingerfelt
Lingerfelt has built a strong reputation in the Mid-Atlantic and Southeast real estate markets since the 1950s. The firm prides itself on being results-driven, focusing on investing in unique real estate opportunities that not only meet the needs of modern users but also provide significant returns for investors. Lingerfelt manages a vast portfolio valued over $3 billion across more than 25 million square feet of commercial properties.
About Davis
Davis operates as a leading real estate investment, development, and management company leveraging decades of experience. The firm focuses on delivering maximum value across a diversified portfolio, ensuring robust investment opportunities. With nearly 15.4 million square feet of properties under management, Davis demonstrates a nimble and collaborative approach to enhancing their market presence.
About M.C. Dean
Headquartered in Tysons, Virginia, M.C. Dean is recognized as a pioneer in creating intelligent solutions for complex infrastructure projects. With a large workforce dedicated to maintaining high operational standards, M.C. Dean continuously innovates in providing automated and secure systems. This expansion not only reflects their rapid growth but also their dedication to elevating service delivery across the nation.
Frequently Asked Questions
What is the significance of the lease between Lingerfelt & Davis and M.C. Dean?
This lease allows M.C. Dean to expand production capacity, accommodating their growing customer base while strengthening Lingerfelt's and Davis's market presence.
How does the Carmel Church Business Center benefit M.C. Dean?
The Center provides strategic location benefits, immediate access to major highways, facilitating efficient logistics and distribution capabilities.
What are Lingerfelt's core business focuses?
Lingerfelt focuses on real estate investment management across the Mid-Atlantic and Southeast, delivering high-quality properties and significant returns for investors.
What future projects are Lingerfelt & Davis initiating?
The companies are developing the 7 Hills Distribution Center, a large-scale warehouse park strategically located near Richmond International Airport.
How does M.C. Dean stand out in its industry?
M.C. Dean is known for its integrated design and technology solutions across mission-critical facilities, offering a comprehensive range of services in the engineering sector.
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