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News | 1 min read

Cole REIT purchases Amazon’s building in Chesterfield

August 19, 2013

Amazon has a new landlord in Chesterfield.

Cole Real Estate Investments, an Arizona-based REIT that has been on a Richmond buying spree in recent months, added another 1 million square feet to its bag with the July 31 acquisition of the Amazon fulfillment center in Chesterfield County.

A Cole affiliate paid $81.3 million for the 99-acre property at Meadowville Technology Park, according to Securities and Exchange Commission filings and county records.

This is the third eight-figure deal Cole has made in the Richmond market in about 10 months. The company scooped up Chesterfield’s Hancock Village in May for $27.5 million and Eastern Henrico’s Shops at White Oak Village in October for $68 million.

Read the full article here.