ITASCA, Ill., Sept. 5, 2024 — PECO Pallet, Inc., a leading provider of rental pallet services across North America, has announced opening a new state-of-the-art facility at Port 801 in Colonial Heights, Virginia. The new 106,376-square-foot facility will serve as the primary hub for PECO’s greater Richmond metro area operations, extending its reach to clients in Fairfax, Norfolk, and West Virginia.
The 801 Port Walthall Drive facility marks a significant upgrade from PECO’s previous location in South Richmond. As the second and final tenant in the Port 801 complex, PECO’s lease brings the building to full occupancy. The modern facility, developed by Lingerfelt and constructed by ARCO Design Build, enhances PECO’s ability to meet growing demand with its cutting-edge amenities and energy-efficient design.
Showcasing operational and sustainability excellence
“This new location provides PECO with an opportunity to showcase our commitment to sustainability and operational excellence,” said Daric Schafer, Senior Director of Depot Operations for the U.S. and Canada at PECO. “The facility’s advanced features will support our efforts to enhance safety and efficiency through the integration of automated sorting equipment. This aligns with our broader goal of improving our services while being a responsible steward of the environment.”
The Port 801 facility is designed to meet rigorous energy efficiency and sustainability standards. It will help PECO expand its capabilities in pallet pooling, a service that supports efficient logistics for a variety of industries, including big-box retailers, consumer products manufacturers, and grocers. The move to a larger, more modern space aligns with PECO’s commitment to reducing its environmental footprint, building on its history of integrating sustainable practices.
John Mason, Senior Vice President of Development at Lingerfelt, expressed enthusiasm about the collaboration. “We are delighted to welcome PECO Pallet to Port 801,” he said. “This lease is a testament to Chesterfield County’s growing importance as a logistics hub and underscores our commitment to delivering high-quality industrial spaces. We look forward to supporting PECO’s continued growth and efficiency.”
The transaction was facilitated by Colliers’ Rob Dirom, Wood Thornton, and Frank Hargrove, III, on behalf of Lingerfelt, while Graham Stoneburner of Cushman & Wakefield | Thalhimer represented PECO. Wood Thornton noted, “Working on this project from land acquisition to full lease-up has been a rewarding experience. We are excited to have contributed to PECO’s expansion and to see them thrive in Central Virginia.”
PECO Pallet operates North America’s second-largest pallet rental network, managing an inventory of over 20 million high-quality 9-block pallets. The company’s dedication to quality and sustainability has established it as a key player in optimizing supply chains and reducing waste across various sectors.
Key Takeaways
- Expansion and Efficiency: PECO Pallet’s new facility in Colonial Heights represents a significant upgrade, enhancing its capacity and efficiency in serving the greater Richmond area and beyond.
- Sustainability Commitment: The facility’s design emphasizes energy efficiency and sustainability, aligning with PECO’s ongoing efforts to minimize environmental impact and integrate advanced automated technologies.
- Regional Impact: The new lease at Port 801 highlights Chesterfield County’s growing role as a key logistics hub and reflects Lingerfelt’s commitment to providing high-quality industrial spaces in the Mid-Atlantic region.
About PECO Pallet, Inc.
Based in Itasca, IL, PECO Pallet is a prominent provider of pallet rental services throughout the U.S., Canada, and Mexico. With over 25 years of growth, PECO offers superior pallets designed to minimize product damage and enhance logistics efficiency. Learn more at PECO Pallet.
About Lingerfelt
Lingerfelt is a real estate investment and asset management firm with a legacy of quality and excellence dating back to 1957. It has developed over 25 million square feet of commercial real estate valued at approximately $3 billion. Visit Lingerfelt for more information.
About Colliers
Colliers is a global leader in real estate and investment management, operating in 68 countries with over 22,000 professionals. The firm provides expert advice and investment management services, achieving significant returns for shareholders. Learn more at Colliers.
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Rick LeBlanc, EMBA, is the founder and editor of Reusable Packaging News (subscribe to the free newsletter) and editor of Western Pallet Magazine. A supply chain journalist with more than 30 years of experience, he specializes in pallets, reusable packaging, material handling and related operations. Rick is co-author of Pallets: A North American Perspective and Pallets & Progress: A Collected History of Pallets and Palletized Handling 1922–1945. He is also an advisory board member of the Virginia Tech Center for Packaging and Unit Load Design. Read Rick’s full bio.
