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Real estate firm with family ties to tenant buys Hanover warehouse for $128M

The 190-acre property that includes SanMar’s Richmond distribution center sold last month for $128 million. (Image by Vidtech) Two years after becoming a distribution hub for current lessee SanMar Corp., an industrial warehouse near Ashland is in the hands of a new owner with family ties to the wholesale promotional apparel supplier. The SanMar Richmond warehouse building at 10462 Hickory Hill Road sold last month to an LLC tied to Lake Washingt…
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Richmond BizSense broke the news in Richmond, United States on Tuesday, October 21, 2025.
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