PRINCE GEORGE COUNTY, VIRGINIA: Cushman & Wakefield | Thalhimer is pleased to announce the sale of 7000 Hardware Drive in Prince George County, Virginia and located in the Southeast Quadrant of the Richmond (VA) Industrial Market. 
Ashley Capital purchased the 798,786 square foot distribution center situated on 155.4 acres from Ace Hardware Corporation as an investment. They plan to immediately update the property to include replacing the roof, all 84 dock doors, replacing the lights with high efficiency LED fixtures, removal of an internal mezzanine, painting the interior and exterior and several other functional and cosmetic upgrades.  The property will be branded as the Virginia Gateway Logistics Center.
The property is the largest vacant building in the mid-Atlantic. Its strategic location on I-295 provides immediate access to I-95 and I-85 as well as Route 460 and the Port of Virginia. Ashley Capital will rebrand the property as Virginia Gateway Logistics Center. 
Evan M. Magrill and Bobby Phillips, SIOR of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser.  Cushman & Wakefield | Thalhimer has been engaged as the exclusive leasing agent for the project.