Devon USA breaks ground on a 320,853-square-foot industrial building in Ashland

Published October 16, 2016 by Paula C. Squires

Devon USA has broken ground on the development of a 320,853- square-foot, high-bay distribution building (Building D) located at 11600 North Lakeridge Parkway within the Enterchange at Northlake Industrial Park in Ashland.

Devon USA is a Richmond-based real estate developer, owner and investor with a diverse portfolio of assets in the Southeast and Midwest United States. It has constructed and/or renovated over 5.3 million square feet of commercial space since 1980, and currently owns distribution warehouses, multifamily communities, industrial development land and agricultural land.

Construction is expected to be complete at its new building by summer of 2017. According to Cushman & Wakefield | Thalhimer, the leasing agent for the project, the building will offer a 32-foot clear height ceiling, ESFR wet sprinkler system and cross dock loading.

In addition, the building will have energy efficient features such as white roof, skylights, LED lighting both interior and exterior, and an insulated roof.

Space is available for lease ranging from 34,000 to 320,853 square feet. This property offers interstate visibility and immediate access to I-95.

Enterchange at Northlake, located at Lewistown Road and I-95, is a Class A, high-bay industrial complex originally developed by Devon USA from 2005 to 2007. The park has consistently been 100% leased, and is home to tenants such as Owens & Minor, Xpedx, Kane 3PL, and Creative Office Environments. 

With the completion of Building D, the park will be fully built out, containing more than 1 one million square feet of space.

Thalhimer’s Evan M. Magrill and N. Dean Meyer will handle the leasing.