North River Capital, LLC (“NRC”) is pleased to announce its acquisition of 1700 Richmond Highway, a 230,250sf industrial facility in Richmond, Virginia. The property was acquired in partnership with Feldman Bergin Properties (www.feldmanbergin.com), and Queenswood Partners, LLC (www.queenswoodpartners.com).
1700 Richmond Highway is exceptionally located on the southside of Richmond, with close proximity to Interstate 95 and the Richmond Marine Terminal, offering highly functional warehouse space in an irreplaceable location. The seller, NAPA Transportation, will continue to occupy 71,250sf within the park.
Range Commercial Partners (www.rangecommercial.com) will provide property management and leasing services at 1700 Richmond Highway.
C&F Bank provided financing for the acquisition. Will Bradley at Newmark provided equity advisory services. Isaac DeRegibus and Bo McKown with Thalhimer / Cushman & Wakefield provided brokerage services. Miller Lavoie LLP served as legal advisor to NRC.
About Feldman Bergin Properties
Founded in 2017, Feldman Bergin Properties (“FBP”) is a commercial and residential real estate investment and development company founded by Evan Feldman and Robert Bergin. Messrs. Feldman and Bergin have more than 30 years of combined institutional experience in the real estate industry specializing in multi-family and commercial asset development. From inception, the company’s overlapping acquisitions have created a broad expertise that spans geographic regions and asset classes. FBP’s successful implementation of their founding strategy based on creatively delivering superior, risk-adjusted returns on real estate has in short order fostered their growth to become a regional company with institutional level success.
About Queenswood Partners
Queenswood Partners, LLC (“QP”) is a real estate investment and advisory firm based in Richmond, Virginia and led by Andrew R. Little. QP provides capital and debt/equity placement services to operators and sponsors of commercial real estate investments. Andy previously spent 28 years as a partner at John B. Levy & Company, where he grew the firm’s client base and initiated firm efforts to invest alongside firm clients. Andy holds the Series 7, 24, 63, and 79 securities licenses and is a graduate of Virginia Tech.
About North River Capital
North River Capital, LLC (“NRC”) is an industrial-focused real estate investment company founded in 2024, with offices in Atlanta and Charleston. NRC provides best-in-class investment services to achieve optimal risk-adjusted returns in commercial real estate opportunities throughout the Southeastern and Mid-Atlantic U.S. By bridging hands-on, asset level expertise with an institutional quality investment management approach, NRC offers a unique skillset to evaluate and execute on real estate investment opportunities across multiple asset classes and risk profiles.
For more information, please contact info@northrivercapitalllc.com