Commonwealth Announces $50 Million Industrial Development in Eastern Henrico

Commonwealth is moving forward with plans to develop Airport South Commerce Center, a new $50 million industrial park in Varina, Virginia.

The 55-acre development will feature two industrial buildings totaling approximately 405,000 square feet, strategically located near Richmond International Airport and the Pocahontas Parkway. Construction is expected to begin soon, with completion anticipated in September 2027.

Commonwealth President and CEO Ken Strickler recently spoke with Richmond BizSense about the project, highlighting the strength of Richmond’s industrial market and the development’s strategic location.

Read the full article in Richmond BizSense: https://bit.ly/4Adp3Ep