Institutional-Quality Industrial Campus Expands Firm's Presence in One of the Southeast's Strongest Logistics Markets
BOSTON and RICHMOND, Va., Sept. 28, 2026 /PRNewswire/ -- Rockpoint, a Boston-based real estate private equity firm, and Rockpoint Industrial, an operating partner exclusive to Rockpoint, today announced the acquisition of Richmond Trade Center, a 1.03-million square foot, five-building class A industrial campus in Chester, Virginia. Rockhill, Rockpoint's property services affiliate, will manage and operate the property. Financial terms of the transaction were not disclosed.
Developed in 2015, Richmond Trade Center is situated on approximately 119 acres and comprises four cross-dock warehouse buildings and one light industrial building. The campus is located 18 miles south of downtown Richmond, two miles from Interstate 295 and six miles from Interstate 95, providing access to a population base of more than 23 million people within a 200-mile radius. The property features modern specifications, exceptional circulation and flexible building layouts that can accommodate a broad range of industrial users.
"Richmond Trade Center gives us a portfolio of functional, high-quality industrial buildings in an attractive park setting to serve Richmond's growing and diverse tenant base," said Ben Harris, Head of Rockpoint Industrial. "Strategically located on I-95 between Raleigh-Durham and Northern Virginia, Richmond continues to be one of the Southeast's strongest industrial markets benefitting from accelerating investment in advanced manufacturing, data centers, fintech, health-tech, and related sectors."
"Our industrial strategy focuses on acquiring high-quality industrial assets in supply-constrained growth markets where we see durable tenant demand and multiple paths to creating value," said Jason Chiverton, Senior Managing Director at Rockpoint. "Our acquisition of Richmond Trade Center reinforces the firm's conviction that well-located industrial assets provide attractive long-term investment opportunities."
Rockpoint has invested in more than 18 million square feet of industrial space since 2020, including recent acquisitions in the Richmond, Raleigh-Durham, and Charlotte markets.
About Rockpoint
Rockpoint is a real estate private equity firm that employs a fundamental value approach to investing, targeting select product types and markets throughout the United States. The firm applies a consistent and disciplined investment approach across its investment programs, which span distinct return profiles. Rockpoint continually assesses market opportunities and evaluates potential investments relative to intrinsic value, replacement cost, and cash flow, targeting investments that Rockpoint believes are inefficiently priced or misunderstood by the broader market. Rockpoint proactively pursues opportunities that exhibit strong value potential that can be realized through impactful asset management. Since 1994, the firm's co-founders with others have sponsored 19 investment vehicles and related co-investment vehicles through Rockpoint and a predecessor firm and have invested or committed to invest in 523 transactions with a total peak capitalization of approximately $84 billion. To learn more, visit www.rockpoint.com.
About Rockpoint Industrial
Rockpoint Industrial is an operating partner exclusive to Rockpoint for the acquisition, development, and operation of high-quality industrial facilities in primary and growth markets across the United States. The Rockpoint Industrial team works seamlessly with the Rockpoint and Rockhill teams, assisting them with the acquisition and management of industrial investments in target markets. Rockpoint has invested in more than 18 million square feet of industrial space since 2020.
About Rockhill Management
Rockhill Management, L.L.C. ("Rockhill"), an affiliate of Rockpoint, is a dedicated property services company that serves commercial and residential properties in select markets throughout the United States. Rockhill employs a responsive, tailored approach to property and relationship management in order to deliver customized service, premium amenities, and intentional communities across Rockpoint's portfolio. Since inception, Rockhill has provided property management, project management, and other services to properties representing approximately 63 million square feet.
Contacts
Erik Carlson / Kate Kelley
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
[email protected]
SOURCE Rockpoint Group, L.L.C.
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