Group 100 – Flywheel (BTS)
Richmond, Virginia
$79.2M
EB-5 Loan
$260M
Total Project Spending
2,043
Estimated Jobs from Development & Construction
100.06%
Job Creation Buffer
20.6
Jobs Per Investor
The Group 100 Project
An Industrial Logistics Development located within a
Qualified Targeted Employment Area (TEA)
The Project
Flywheel Build-to-Suit (BTS) will involve the development and construction of a Class-A, 2,006,340 square foot (186,144 square meter) build-to-suit regional distribution facility. The project will be located on a 217.96-acre (88.2 hectare) land parcel on Wells Station Road in Prince George County, Virginia.
The site is located within the Crosspoint Business Center, a master-planned industrial and logistics business park. The area is part of the Greater Richmond, Virginia region along the I-95 corridor and provides immediate access to interstate 85, 95, and 295.
Flywheel Build-to-Suit (BTS)
The site is located within the Crosspoint Business Center, a master-planned industrial and logistics business park. The area is part of the Greater Richmond, Virginia region along the I-95 corridor and provides immediate access to interstate 85, 95, and 295.
Upon completion, the project will feature approximately 400 trailer parking stalls, 610 auto parking spaces, 32’ minimum clearance height and a state-of-the-art sprinkler system. In addition to the basic building shell and interior construction. The developer will be responsible for the construction of extensive interior buildout necessary to meet the needs of the tenant. A lease has been executed for the facility with a major toy manufacturing and retail company. The lease carries a 20-year term with a target commencement date of June 1, 2027.
PROJECT TIMELINE
• Early construction activity has commenced
• Pre-closing Sitework May 2025
• Shell Completion May 2027
• Shared Access December 24, 2026
• Substantial Completion May 31, 2027
