Lingerfelt and Davis Secure Major Lease in Carmel Church Business Center for M.C. Dean

Major Lease Agreement at Carmel Church Business Center

In a significant move for the local business landscape, Lingerfelt and The Davis Companies have finalized a substantial lease for 152,491 square feet with engineering leader, M.C. Dean, at the Carmel Church Business Center. This strategic location, situated at 11174 Enterprise Parkway in Ruther Glen, VA, enhances M.C. Dean’s operational capacity to serve its fast-growing customer base in mission-critical sectors. The deal showcases the ongoing growth of both companies in the thriving Richmond area.

Partnership Dynamics

Jake Servinsky and Jimmy Appich from JLL played pivotal roles in representing M.C. Dean during the lease agreement, while Graham Stoneburner and Mark Douglas from Cushman & Wakefield | Thalhimer represented the ownership of the facility. This collaboration reflects a shared vision among real estate and engineering experts to bolster the region's commercial potential.

About M.C. Dean

M.C. Dean is renowned for their innovative approach as a leading engineering and systems integrator firm. They specialize in creating, operating, and maintaining cyber-physical solutions tailored for essential infrastructure, complex facilities, and secure environments. Their diverse range of services includes electrical installations, electronic security systems, telecommunications, life safety solutions, automation, and more. With this new lease, M.C. Dean aims to transition from off-site storage to expanded production schedules, aligning with their long-term growth trajectory.

Strategic Significance of the Carmel Church Business Center

The Carmel Church Business Center, encompassing a total of 325,500 square feet, is classified as a Class A industrial warehouse and distribution facility. Its advantageous location within Ruther Glen's industrial corridor, coupled with immediate access to I-95, facilitates seamless logistical operations along the East Coast. This characteristic makes it an attractive hub for companies requiring efficient transportation routes.

Ready to adapt to market demands, the facility was recently developed by ARCO Design/Build and inaugurated in Q2 of 2024, through a collaborative venture with Davis and Lingerfelt. The center stands as a testament to their commitment to quality and tenant satisfaction.

Future Developments

On the horizon, Lingerfelt and Davis have taken significant steps to expand their footprint even further by acquiring a 95-acre parcel in Henrico County, Virginia. This future project, dubbed the 7 Hills Distribution Center, will bring an impressive 820,800 square feet of Class A warehouse and distribution capabilities across four buildings, further solidifying their presence in the Richmond metropolitan area.

Insights from Leadership

David Allen, Senior Vice President of Asset Management at Davis, expressed enthusiasm for the new lease, noting, "The Carmel Church Business Center reflects our renewed commitment to enhance the tenant experience and to provide premier Class A distribution space for businesses in this rapidly growing area."

Meanwhile, Brian Witthoefft, President at Lingerfelt, emphasized the company's positive working relationship with M.C. Dean, stating, "M.C. Dean exemplifies excellence and innovation, and we are thrilled to support their ambitions in expanding operational capabilities in Virginia."

About the Companies

Lingerfelt - Established in the 1950s, Lingerfelt is a vertically integrated real estate investment management firm focused on the Mid-Atlantic and Southeast United States. Known for its strategic acquisition and management of over 25 million square feet valued at more than $3 billion, Lingerfelt continues to enhance its reputation in the real estate market.

Davis - With a foundation built over five decades, Davis is a Boston-based real estate investment, development, and management firm. Their diversified investment approach has led to significant growth, comprising a portfolio of over 15.4 million square feet across various sectors including healthcare, industrial, retail, and residential.

Together, Lingerfelt and Davis are carving out a promising future in Virginia’s commercial real estate scene, demonstrating the power of collaboration in achieving strategic growth goals.