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Trinity Capital and Mortenson buy 15-acre industrial site in Richmond
The joint venture plans two rear-load industrial buildings totaling 231,120 square feet, with construction set to start in summer 2027 and delivery expected in Q3 2028.
ConnectCRE reports that Trinity Capital Advisors, in a joint venture with Mortenson Properties, has acquired a 15-acre industrial development site in Northlake Business Park in Hanover County, marking their entry into the Richmond market.
The planned development will include two rear-load industrial buildings totaling 231,120 square feet, designed to fit a broad range of prospective users in a supply-constrained submarket.
Construction is expected to begin in summer 2027, with delivery anticipated in the third quarter of 2028, and Mortenson will serve as the project’s general contractor.