PNK Group Initiates Construction on New Multifunctional Facility in Virginia

PNK Group Breaks Ground on New Facility

On April 17, 2025, PNK Group marked the beginning of a significant new industrial venture with a groundbreaking ceremony for its latest development, named PNK Ashton Park. Located in Chesterfield County, Virginia, this ambitious project will encompass an impressive 846,000 square feet, situated on an 86.6-acre site. The facility is designed to cater to various operational needs, accommodating both single tenants and multiple occupants as required.

Mark Stiles, a partner at PNK Group, expressed the strategic importance of this development to the company, emphasizing the interest of local governmental bodies in this project. Notably present at the ceremony were several officials from Chesterfield County, reflecting the strong community support for the initiative.

Jim Ingle, the Chair of Chesterfield's Board of Supervisors, highlighted the Greater Richmond area as one of the prime markets in the Southeast U.S. where Class A industrial space is in high demand, stating, "I understand from our economic development team that there have been several visits by prospects to the site, so I know the building will be leased in no time." This assertion underscores the active interest and potential for growth within this vibrant market.

The Richmond area already hosts numerous major national tenants such as FedEx, Lego, Sabra, and Church Dwight, as well as notable local firms like Shepherd Electric and AA Transfer. This ongoing influx of businesses feeds into a growing demand for industrial facilities, despite the limited amount of available land for new developments.

Utilizing advanced and proprietary technology in constructing this facility, PNK Group distinguishes itself from traditional construction methods. This approach utilizes large-block components standardized for efficiency, manufactured at the company’s facilities in Georgia and Pennsylvania. As a result, the time and resources necessary for construction are markedly reduced, enabling PNK to deliver spaces more promptly without compromising on quality. This modular construction technique minimizes the requirement for extensive onsite labor and heavy machinery, optimizing the overall building process.

Flexibility lies at the core of PNK Group’s facility design, catering to diverse industrial applications, from manufacturing to storage and distribution. With ceiling heights soaring up to 45 feet and built with reinforced concrete structures, these buildings are engineered to handle rigorous demands, including heavy equipment and cranes with weights of up to 8 tons, ensuring that tenants can carry out a wide array of activities seamlessly.

PNK Group’s development at Ashton Park represents a significant milestone not only for the company but also for the local economy, demonstrating their commitment to innovation in the industrial sector. As the project progresses toward completion, PNK anticipates bolstering the job market and contributing to regional economic growth, further solidifying Richmond’s status as a central hub for industrial activity across the Southeast.

For further inquiries on the project, Mark Stiles is the point of contact at +1 (646) 517 7915 or via the company’s website at pnk.group. The facility's phased construction is set to align with the rising needs of the industrial sector while supporting the local community’s aspirations for economic development.