Newmark Arranges $31.2 Million Sale of Class A+ Industrial Facility Amazon at Bermuda Hundred in VA

September 19, 2025 9:00 AM

Newmark announces the company has arranged the $31.25 million sale of Amazon at Bermuda Hundred, a 187,980-square-foot, Class A+ distribution facility in Chester, Virginia. An undisclosed institutional buyer acquired the asset from Lingerfelt. Newmark Executive Managing Directors Will Bradley and Mark Williford represented the seller in the transaction.

Amazon at Bermuda Hundred is 100% leased to Amazon (NASDAQ: AMZN; S&P: AA) for its mission-critical “sub same-day” delivery operations, with a weighted average lease term of 9.5 years. Amazon has committed more than $50 million of investment into advanced last-mile distribution technology and infrastructure at the facility, solidifying its position as one of the company’s most strategic supply chain hubs in the region

“This transaction reflects the opportunity to acquire a core, institutionally developed asset backed by one of the world’s most creditworthy tenants,” said Bradley. “It underscores both the strength of Richmond’s industrial fundamentals and sustained investor demand for long-term, mission-critical logistics facilities.”

Strategically located at 1701 Bermuda Hundred Road, the property offers direct access to I-95, I-295, I-85 and I-64, enabling Amazon to serve the entire Richmond MSA and the Eastern seaboard with efficiency. The South Richmond Industrial corridor, home to a deep roster of institutional tenancy, has experienced 13.3 million square feet of net absorption since 2020 and currently maintains vacancy of just 3.2%, reinforcing its position as the region’s premier industrial market.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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