Rockpoint Acquires Eight-Building Industrial Portfolio in Richmond

Rockpoint, a Boston-based real estate private equity firm, has acquired Eastport Industrial Park, an eight-building, 1,068,995-square-foot, shallow-bay infill industrial portfolio located in Richmond, Virginia.

Rockpoint will manage and operate the portfolio in partnership with Rockhill Management, Rockpoint’s dedicated property services affiliate, and Rockpoint Industrial, Rockpoint’s industrial operating platform. Financial terms of the transaction were not disclosed.

The eight-building portfolio is situated within Richmond’s Airport submarket and offers a diverse range of building configurations and suite sizes. The property is currently 97% occupied and has demonstrated strong leasing momentum, with several new leases and extensions recently signed.

Situated adjacent to Richmond International Airport and with direct access to the region’s major transportation arteries, Eastport offers logistical advantages for regional and last-mile distribution and delivery throughout Virginia and the Eastern Seaboard. Rockpoint has made 16 industrial investments since 2020, representing approximately 15 million square feet.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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