RICHMOND, Va. – Nov. 4, 2025 – Cushman & Wakefield announced that it arranged the sale and financing of Eastport Industrial Park (“Eastport”), an eight-building, 1,068,995-square-foot Class A industrial portfolio in Richmond, Virginia. Rockpoint, a real estate private equity firm, acquired the property from Equus Capital Partners (“Equus”) for $142 million.

Cushman & Wakefield’s Industrial Advisory Group (IAG) Mid-Atlantic Sales team of Jonathan Carpenter, Graham Savage, Dawes Milchling and James Check, alongside Eric Robison and Bo McKown of Cushman & Wakefield affiliate Thalhimer, represented Equus in the sale. The firm’s Equity, Debt & Structured Finance (EDSF) team, including John Alascio, TJ Sullivan, Chris Meloni and Michael Zelin arranged acquisition financing through a global alternative investment firm on behalf of Rockpoint.

“Eastport represents a best-in-class industrial portfolio in Richmond, Virginia, one of the tightest and best-performing industrial markets on East Coast,” said Carpenter. “Our marketing efforts produced more than 15 offers for the portfolio, a testament to the quality of the assets and the growing interest from institutional investors in the Richmond marketplace.”

Alascio added, “We are proud to have worked alongside our IAG partners to represent Rockpoint in securing acquisition financing for this industrial portfolio. Our process yielded over a dozen financing bids, including multiple options for a larger aggregation credit facility, underscoring the continued hypercompetitive debt market for infill industrial opportunities on behalf of institutional sponsors.”

Located along I-64 just minutes from I-95 and the Richmond International Airport, Eastport comprises eight highly functional warehouse and logistics buildings averaging 25-foot clear heights, 182 loading positions, and modern infrastructure to support a diverse tenant base. The property was 97% occupied with 19 tenants at closing.

Richmond remains one of the nation’s most resilient industrial markets, supported by limited supply, robust port connectivity, and sustained tenant demand. The Airport submarket, where Eastport is located, maintains a 2% vacancy rate and has experienced over 120% rent growth since 2020.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.

About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs approximately 530 associates. Thalhimer represents, on behalf of its clients, a property portfolio of 54 million leasable square feet, management of more than 28 million square feet of commercial property, and nearly 12,000 multifamily units. In 2024, Thalhimer completed over 1,800 transactions with a transactional volume of more than $1.96 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services, including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties.

Thalhimer’s Capital Markets Group is the region’s leading investment sales team made up of professionals focused solely on capital markets and the sale of income producing properties throughout Virginia. The team is experienced in office, industrial, retail and multi-family dispositions and since 2012 has completed 424 transactions totaling over $6.2 billion and over 66 million square feet.
To learn more, visit www.thalhimer.com.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
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