Devon USA Plans New State-of-the-Art Warehouse in Chesterfield County

Company Announces 320,000+ SF of Class A Distribution Space to be Built at James River Logistics Center

Devon USA has announced plans for a new state-of-the-art warehouse facility at James River Logistics Center, in Chesterfield County, Virginia.

The project, known as “Project Lightning 2” will feature 32’ clear ceiling heights, ESFR (early suppression fast response) sprinkler system, 50’x60’ column spacing (typ), 8 drive-in doors, and 96 truck-height dock doors (1 per 3,300 sq. ft.). The building also has many “Green” features including white TPO roof, skylights, R-30 roof insulation, and LED lighting.

Parking will be provided for up to 467 automobiles and 64 trailers.  The building could be expanded from 320,853 sq. ft. up to 500,000 sq. ft., and/or additional trailer parking added, depending on the end user’s needs.

The planned building is identical in size and scope to the building developed by Devon in 2017 at Enterchange at Northlake in Ashland, and leased by Amazon.com.  That project, known as “Project Lightning” was completed in just 6 months following the start of building construction, and was the largest industrial transaction in the Richmond market last year.

The project is site plan approved, and Devon is working with Ashland-based McKinney & Company to modify the existing plan for re-submission to Chesterfield County, based on the successful “Project Lightning” prototype.

Chesterfield County Economic Development (CCED) is assisting Devon and McKinney in the site plan and permitting processes. CCED will also assist in marketing the new building to potential users when completed.

Located in Board Chair Dorothy Jaeckle’s Bermuda District, Mrs. Jaeckle said, “I would like to thank Devon for their continued investment in Chesterfield County. The proposed new development will add the type of product that is currently in short supply in the region. We are anxious to see the building developed so that we can attract the kind of high quality national tenants that typically lease these buildings.”

James River Logistics Center is located approximately 12 miles south of Richmond on Bellwood Road, in Chesterfield County, Virginia.  Buildings A and B were completed by Devon USA in 2002 and are 100% leased.  Building C will close out the successful park, which will then be comprised of 1,133,825 sq. ft. of distribution space.

The park has convenient access to I-95 and I-895 via US Route 1.  I-3 zoning (Heavy Industrial) allows most commercial and industrial uses including office, warehouse, and manufacturing. The location is also in a Chesterfield County “Technology Zone”, which features a five-year BPOL tax exemption and five-year machinery and tools tax rebate.

About Devon USA

Devon USA  is a commercial property owner, investor and developer with a diverse portfolio of assets in the southeastern and midwestern United States. The company has constructed and/or renovated over 5.6 million sq. ft. of commercial space since 1980, including 1.8 million sq. ft. in Chesterfield County, and currently owns distribution warehouses, multifamily communities, industrial development land, and prime agricultural land. Leasing will be handled by Evan Magrill and Dean Meyer with Cushman & Wakefield | Thalhimer.  www.devonusa.com

Edward D. Mitchell
Managing Director
Devon USA LLC
+1 804 643-3187 x 231
emitchell@devonusa.com