Boston-based private equity firm buys 8-building complex near Richmond airport

HENRICO COUNTY, Va. (WRIC) — Eastport Industrial Park, an eight-building complex in Henrico County near Richmond International Airport, will soon have a new owner.

First reported by Richmond BizSense, Rockpoint -- a Boston-based real estate private equity firm -- announced on Monday, Nov. 3, that it is acquiring the industrial park for $142 million.

Eastport Industrial Park, which sits at the intersection of Charles City Road and E. Laburnum Ave., spans more than 1.06 million square feet, according to the Rockpoint release. With eight warehouses, industrial buildings and suites, the complex was 97% occupied at the time of the sale.

Buildings in the industrial park range from 71,634 square feet to 174,720 square feet, according to a release from the previous owner Equus Capital Partners. Tenants at the complex span a variety of industries — including supply, medical, pet care and food and beverage.

Rockpoint will manage and operate the industrial park with Rockhill Management and Rockpoint Industrial, the release from the firm said.

"Richmond continues to stand out nationally with compelling long-term fundamentals,” said Ben Harris, head of Rockpoint Industrial. “We look forward to leveraging our industrial operating expertise to drive value for tenants and investors at Eastport Industrial Park.”

For more information on the sale, visit Rockpoint's website.