The largest vacant building in the mid-Atlantic — a 798,786-square-foot former Ace Hardware distribution facility in Prince George County along Interstate 295 — sold for $21.72 million last week to an investment group that will upgrade the facility and market it as the Virginia Gateway Logistics Center.
“We are seeking a single occupier,” says Bobby Phillips, first vice president with Cushman & Wakefield | Thalhimer, which negotiated the sale to Ashley Capital.
The building is situated on 155.4 acres in Prince George, east of Petersburg. Cushman & Wakefield is in the process of seeking tenants for the property.
