September 26th, 2025

Lake Washington Partners (LWKP), a national real estate investment and development firm, today announced the acquisition of Hickory Hill, a 1.1+ million-square-foot Class A distribution center located at 10462 Hickory Hill Road in Hanover County, Virginia. This transaction underscores LKWP’s commitment to investing in high-quality logistics assets with long-term growth potential. The seller is a joint venture between Raith Capital Partners and Equity Industrial Partners.

Strategically positioned within the Richmond metropolitan area, Hickory Hill offers unparalleled regional and national connectivity, providing access to more than 55% of the U.S. population within 750 miles. Located just off I-95 and I-64, the property also benefits from proximity to the Port of Virginia, Washington D.C., and the midpoint of the East Coast’s primary north-south business corridor.

The site, situated on 189.5 acres, features state-of-the-art specifications including 36-foot clear ceiling heights, four oversized drive-in doors, 120 dock doors, LED lighting, ample auto and trailer parking, and a high weight-bearing eight-inch floor slab to support distribution. In addition, Hickory Hill offers land allowing for future strategic expansion.

Read the full article at citybiz