Nov 22 — Engineering and manufacturing company PNK Group will build an industrial building with more than 800,000 square feet of space

PNK Group, developer of a new generation of industrial buildings, will soon start construction of an 846,260 square-foot building on a 86.6 acres site acquired in October 2024 in Chesterfield County, Colonial Heights, Virginia. The approximately $80 million project is a modern insulated industrial building with many features and benefits that allow it to be used for either production or distribution.

According to PNK Group’s statement, the company considers entering the Virginia market as a strategic move and a solution to one of its priorities. The location for the building was not chosen by chance. Ashton Industrial Park in Colonial Heights is part of the Greater Richmond metropolitan area, and the latter is among the five cities in the Southeast U.S. with the least amount of vacant Class A industrial space.