Wholesale book co. sells Virginia digs

Major retailer housed onsite

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Representing Ingram Book Group Inc., Binswanger recently negotiated the sale of a 231,800-square-foot building on 19 acres in Petersburg, Va. The value of the transaction was not disclosed. Hollingsworth Cos., a Tennessee-based investor, purchased the property, which is located at 25410 Weakley Road. Ingram consolidated operations formerly housed at the Petersburg facility several years ago into a facility in Pennsylvania. Wal-Mart has been leasing 87,500 square feet of the building and will remain a tenant for the next few years. The building, ideal for warehousing and distribution operations, features 22- to 25-foot ceiling heights and 24 dock-high doors. Philadelphia-based Binswanger is an international full-service real estate organization with more than 160 offices worldwide. ...