Funds controlled by Tampa-based Loci Capital are breaking ground on a new industrial project in Richmond, Virginia, underscoring the firm’s continued deployment of capital through selective, research-driven development decisions.
Loci has acquired a 23-acre site in West Richmond in partnership with Summit Real Estate Group and plans to deliver the 221,000-square-foot West Creek Commerce Center in 2026.
The project will rise inside West Creek Business Park, a supply-constrained industrial corridor along Richmond’s western beltway, with direct access to State Route 288, an interstate-quality limited-access highway connecting I-95 and I-64.
Why this site matters
The site sits near the Short Pump retail node and within one of the region’s strongest residential and employment growth areas, a combination that supports industrial demand without relying on aggressive rent assumptions…