A four-building industrial warehouse complex is being planned for South Laburnum Avenue in eastern Henrico County.
Becknell Industrial, the Indianapolis-based developer of warehouse distribution centers across the nation, is developing the four-building site totaling 805,190 square feet at 6101 S. Laburnum Ave. — on property across the street from the Mondelez International plant.
The 60.59-acre tract at Laburnum Avenue and Seven Hills Boulevard had been owned by Ukrop’s Super Markets Inc.
The five parcels sold for a total of $4.925 million, according to Clifford B. Porter, executive vice president at Porter Realty Co. Inc. who handled the marketing and sale of the Ukrop’s site.
“They are very bullish on the airport area,” Porter said about Becknell Industrial, which has developed and leased several facilities in the nearby Airport Distribution Center. “They like Richmond. They have been eyeing this site for some time.”
Plans for the first phase of the Airport Logistics Center, which the center will be called, include a 246,760-square-foot pre-cast concrete speculative building. Construction on that building, which will be at the corner of Laburnum Avenue and Seven Hills Boulevard, should begin in the next month or so, Porter said, and it should be ready by spring.
The remaining three buildings would be built after that.
The Airport Logistics Center site has a lot of strong points, including close proximity to the interstate and rail, Porter said.
For instance, Seven Hills Boulevard connects to Airport Drive, which then connects to Interstate 895. One of the buildings on the site can be served by rail.
“The site layout is well-suited for high-bay industrial warehouse development,” Porter said.
Porter said his company is talking to several possible tenants, but nothing is definite yet.
Becknell Industrial bought three pads and the existing Building C at the Airport Distribution Center in June 2014. The company built three large distribution buildings on the pad sites.
All four buildings are fully leased, said Porter, who also represented Becknell Industrial in the marketing and leasing of the Airport Distribution Center buildings.