Two years after becoming a distribution hub for current lessee SanMar Corp., an industrial warehouse near Ashland is in the hands of a new owner with family ties to the wholesale promotional apparel supplier.
The SanMar Richmond warehouse building at 10462 Hickory Hill Road sold last month to an LLC tied to Lake Washington Partners, a Seattle-based commercial real estate firm led by president Jordan Lott, brother of SanMar CEO Jeremy Lott.
The LLC, called J & J Hickory Hill and registered in Washington state, paid $128 million in a Sept. 22 deal that includes the 1.1 million-square-foot building and 190-acre property known as Graymont Industrial Park. The group plans to rename it Hickory Hill Industrial Park.
Read the full article at Richmond Bizsense