RICHMOND, Va. , Sept. 16, 2024 /PRNewswire/ -- Lingerfelt and Colliers are pleased to announce the execution of an 85,750 square-foot, full-building lease with Shepherd Electric Supply in Building 2 at Ashton Logistics Park, located at 1630 Ashton Park Drive, South Chesterfield, VA 23834.
Colliers' Wood Thornton, Rob Dirom , and Frank Hargrove, III handled lease negotiations on behalf of Lingerfelt. Founded in 1892, Shepherd Electric Supply is the oldest wholesale electrical distributor in the Mid-Atlantic region. American-owned, the company prides itself on exceptional customer service and the most extensive inventory in the area.
Shepherd has specialized divisions to handle a diverse group of customers including commercial construction, lighting and switchgear projects, commercial facilities, facility management, industrials, OEMs, and government organizations. In July of 2023, Shepherd Electric Supply became a wholly owned subsidiary of Graybar, an American wholesale electrical, communications, and data networking products distribution business. Based in Clayton, Missouri , the employee-owned corporation is included on the Fortune 500 list of the largest US corporations, with over $11 billion in revenue (FY 2023).
Ashton Logistics Park is a two-building, 523,407 square-foot, Class-A industrial warehouse-distribution park situated in Chesterfield County's Ruffin Mill/Ashton Creek industrial node. The speculative development project, designed and constructed by ARCO Design B.