I
ndustrial real estate has led Richmond’s commercial market for three consecutive years, with industrial transactions topping the region’s largest sales each year. In 2025, industrial assets made up four of the top‑10 deals and three of the top‑five. The top‑10 list contains only industrial, multifamily and retail properties; office space is absent. Total value of the top ten rose 9.5 % to $914.1 million, up from $835 million in 2024, largely driven by out‑of‑state buyers (nine non‑local purchasers).

    **Top 10 2025 sales (Richmond metro)**

    10. **Sphere Apartments** – $45 M

     224‑unit complex near Virginia Union University, bought by New Jersey’s Conserve Holdings.

    9. **Triton Glen Apartments** – $65 M

     234‑unit complex sold Dec. 16 to an entity linked to Charlottesville’s Seminole Trail Management.

    8. **Dover Food Retail Warehouse** – $70.5 M

     500,000‑sq‑ft refrigeration facility at 16401 Walthall Industrial Parkway sold to a JLL‑affiliated buyer.

    7. **Chesterfield Towne Center** – $80 M

     Enclosed mall sold to a group considering redevelopment.

    6. **West Broad Marketplace** – $86 M

     Shopping center anchored by Wegmans and Cabela’s sold to a Chicago REIT that also owns Stonehenge Village.

    5. **Amazon & Brother International Warehouses** – $97.5 M

     Two South Richmond warehouses (≈1 M sq‑ft) sold to a Dallas buyer.

    4. **Metropolis at Innsbrook** – $98 M

     402‑unit complex built in 2023, now owned by a Boston‑NY joint venture.

    3. **The Collective West Creek** – $102.1 M

     335‑unit complex acquired by Weinstein Properties, the only local buyer on the list.

    2. **SanMar Richmond Warehouse** – $128 M

     190‑acre site in Hanover County bought by a Seattle firm, valuing SanMar tenancy and expansion potential.

    1. **Eastport Industrial Park** – $142 M

     Eight‑building, 86‑acre complex near Richmond International Airport, 1 M sq‑ft, 100 % occupied, anchored by TDBBS. Purchased by Boston‑based Rockpoint.