2 days Ago
RICHMOND, Va. , Feb. 18, 2025 /PRNewswire/ -- Lingerfelt is pleased to announce the acquisition of a 10-acre parcel of industrial land that abuts its Ashton Creek Distribution Center facility at 1611 Ashton Park Drive in Colonial Heights, VA .
A&A Transfer, a subsidiary of MEI Rigging & Crating and a premier national provider of rigging, machinery moving, millwrighting, specialized transportation, industrial storage, crating, and export packaging services, will utilize the site as industrial outdoor storage (IOS) to better serve its existing client base and its expanding market share in the data center sector. This strategic acquisition enhances Lingerfelt's industrial holdings and aligns with the company's commitment to meeting the growing demand of its existing customers. The expansion will increase A&A Transfer's outdoor storage capacity at their existing facility, a 173,800-square-foot industrial building delivered by Lingerfelt in February of 2024.
The additional storage space will support A&A Transfer's ongoing growth and operational needs, not only in the Richmond area but throughout the central Virginia region. "This acquisition and expansion demonstrates our commitment to creative strategic growth in the industrial sector," said Rob Valentine , Managing Director at Lingerfelt. "The demand for industrial outdoor storage continues to rise and we are excited to be in a position to provide A&A Transfer with the additional secured IOS they need to continue to scale their operations in the region.
" Ryan Hays of Armour Realty represented A&A Transfer in the expansion. Lingerfelt continues to actively pursue investment opportunities in value-add/opportunistic industrial and logistics-oriented real estate assets in pursuit of delivering quality supply into a constrained market, while also aiming to deliver outsized risk-adjusted returns to its investors. About Lingerfelt Lingerfelt is a privately held real estate investment firm with a long track record of acquiring, developing, and managing commercial real estate assets in the Southeast and Mid-Atlantic regions.
The firm specializes in industrial, office, and healthcare properties, with a focus on delivering value-driven solutions for investors and tenants alike. About MEI Rigging & Crating MEI Rigging & Crating, a portfolio company of Olympus Partners, is a leading provider of rigging, machinery moving, millwrighting, mechanical installation, industrial storage, crating, and export packaging services across the nation. MEI has a growing team of over 1,500 employees in 21 operating locations across 16 states: Arizona , California , Delaware , Georgia , Louisiana , Maryland , Massachusetts , Nevada , North Carolina , Ohio , Oregon , Pennsylvania , Tennessee , Texas , Utah , and Virginia .
With MEI's comprehensive footprint and expansive portfolio, MEI serves customers across the country. For more information, visit MEI's website at www.meiriggingcrating.
com . Visit A&A Transfer, an MEI Company at www.aarigging.
com . For more information, please contact: Rob Valentine Managing Director, Investments Lingerfelt (804) 270-0015 [email protected] SOURCE Lingerfelt.
