Raith Capital Partners and Equity Industrial Partners have sold a 1.1 million-square-foot industrial asset in Ashland, Va., to Lake Washington Partners.

Dubbed Hickory Hill, the warehouse sits on a nearly 190-acre site at 10462 Hickory Hill Road in Hanover County, about 22 miles north of downtown Richmond, Va. Thoroughfares such as U.S. Route 1 and Interstate 95 run within less than 1 mile, while Richmond International Airport operates about 29 miles away.

The 2022-built property features a clear height of 36 feet, four drive-in doors, 120 dock doors, as well as available land for possible expansion. An apparel industry company fully leases the warehouse.

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