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Venture snags first tenant at spec industrial project in greater Richmond

M.C. Dean signs deal near its Modular Mission Critical campus in Ruther Glen, Virginia
The Carmel Church Business Center opened last year in Ruther Glen, Virginia. (CoStar)
The Carmel Church Business Center opened last year in Ruther Glen, Virginia. (CoStar)
By Emily Pross
CoStar Research
August 6, 2025 | 10:03 P.M.

Lingerfelt and Davis Cos. have secured the first tenant at a speculative warehouse and distribution center the venture opened last year in one of the tightest industrial markets in the United States.

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