Tramview Acquires Richmond, VA Industrial Property

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Richmond Whitepine Industrial

BEACHWOOD, OH (August 7, 2026) — A joint venture between Tramview Capital Management (“Tramview”) and Regal Ventures recently closed the acquisition of a ~70,739 SF industrial manufacturing facility on ~7.6 acres in the Southwest submarket of Richmond, VA (the “Property”). Built in 1987 and significantly renovated in 2013, 2016, and 2026, the well-located Property features 17’to 19’ clear heights, 9 dock-high doors, 3 drive-in doors, and 94 surface parking spaces. In addition to the ~70,739 SF main building, the tenant recently added two new storage buildings to the Property.

The Property is 100% leased to Integrated Global Services, Inc. (“IGS”), a global provider of surface protection solutions to the energy, petrochemical, refining, power, and paper industries, and serves as the company’s global headquarters. In connection with the acquisition, the venture completed a lease amendment extending IGS’s term for an additional 10 years beginning in April 2029.

The Richmond industrial market, encompassing approximately 119 million square feet, is a logistics and manufacturing hub within a ~48-hour drive of roughly 75% of the U.S. population and has maintained sub-5% vacancy, while the Property’s Southwest submarket exhibited a vacancy rate of just ~4.1% as of Q1 2026 (Cushman & Wakefield). Richmond benefits from the convergence of I-95, I-64, and I-85, service from two Class I railroads (CSX and Norfolk Southern), and proximity to the Port of Virginia – the East Coast’s 3rd largest and most modern port – supporting durable demand from manufacturing and distribution users. The market’s diversified economy and skilled labor force are anchored by major employers including DuPont, Honeywell, Mondelez, Philip Morris, Performance Food Group, Amazon, and others. The Property is well located along the Route 288 corridor with direct access to Chesterfield County Airport (~1 mile), I-95 (~8 miles), the Port of Richmond (~12 miles), and the Port of Virginia (~93 miles).

“7600 Whitepine Road exemplifies the type of industrial opportunity Regal Ventures targets: a mission-critical facility in a supply-constrained market, occupied by a longstanding tenant that continues to invest in the property,” said Alexander Smith, Co-Founder and Managing Partner of Regal Ventures. “The long-term lease extension with IGS provides stable and growing income and reinforces our conviction in both the asset and Richmond’s industrial fundamentals. Our firm is excited to partner with Tramview on an investment that combines a disciplined basis, strong current cash flow, and meaningful embedded growth.”
Robert Davies, Managing Partner of Tramview, stated: “We are pleased to partner with Regal Ventures to acquire this well-located property at an attractive basis below replacement cost in a supply-constrained market. The healthy acquisition yield and long-term lease extension secured with IGS provide strong, durable cash flow, and the embedded mark-to-market rent increase in 2029 positions the investment to generate attractive returns for our investors.”

ABOUT TRAMVIEW CAPITAL MANAGEMENT:
Tramview Capital Management is a value-oriented real estate investment management firm focused on investing in institutional-quality real estate in targeted growth markets across the U.S. Tramview leadership has overseen and managed approximately $5 billion of equity invested globally across property types and throughout the capital stack on behalf of institutional clients (e.g. pension funds, sovereign wealth funds, endowments, foundations), wealth management firms, and high-net-worth individuals. For more information, please visit https://tramview.com.

ABOUT REGAL VENTURES:
Regal Ventures is a New York City–based real estate investment manager and operator specializing in infill retail and small-bay/flex industrial assets in select major U.S. MSAs. Founded in 2019 out of a single-family office, the firm brings an owner-operator approach to acquiring well-located, middle-market properties at a disciplined basis, creating value through active management, lease-up, and mark-to-market rent growth. Backed by a partnership that has managed and operated over $1.5B of real estate, Regal Ventures provides high-net-worth, family office, and institutional capital partners access to coveted, mispriced opportunities across the middle market. For more information, please visit https://regalventures.com.

 

Karim Jiwani

Controller / Director of Operations

Karim Jiwani joined Tramview Capital Management in 2023 and is the Controller and Director of Operations, with responsibilities including financial and risk management, reporting, operations, and tax. Previously, he was at Carta, where he was an Assistant Fund Controller, with a focus on financial reporting and compliance, with managerial and client responsibilities for over 60 funds. Prior to joining Carta, Mr. Jiwani worked at Rock Ventures, where he was the Fund Controller with responsibility for the financial accuracy and reporting of over 40 funds. Mr. Jiwani started his career at KPMG, where he was a Senior Audit Associate, specializing in auditing private equity and venture funds ranging from approximately $50 million to $1+ billion in AUM. Mr. Jiwani received a Master of Accounting degree from the University of North Carolina (Kenan-Flagler Business School) and a Bachelor of Architecture degree from Southern Polytechnic State University. Mr. Jiwani is also a Certified Public Accountant.

Charles Myerson

Partner

Charles Myerson is a Partner at Tramview Capital Management, where he is responsible for sourcing, evaluating, structuring, and managing investments. Previously, he was a Senior Director at Tishman Speyer, where he focused on acquisitions for the greater NYC market and led the firm’s expansion into Pittsburgh. He also held responsibilities for asset management, development, and debt and equity capital markets. Prior to joining Tishman Speyer, Mr. Myerson worked for Silverpeak Real Estate Partners in Atlanta and London, focusing on the asset management, restructuring, and disposition of residential, hospitality, and office investments, in addition to portfolio level responsibilities. Mr. Myerson received an MBA from Columbia Business School, a BBA in Real Estate from the University of Georgia, from which he graduated Summa Cum Laude, and he is a CFA Charterholder.

Nicole Smeader

Sr. Vice President, Investor Relations

Nicole Smeader is a Senior Vice President at Tramview Capital Management with responsibility for developing and maintaining investor relationships. Previously, she was an Associate Partner at The Townsend Group, where she held multiple roles focusing on the firm's marketing and business development efforts, overseeing broker-dealer compliance, and relationship management for the firm's commingled fund clients. Prior to joining Townsend, Ms. Smeader was an Associate in the Investment Property Group at CBRE. Ms. Smeader received a JD from Case Western Reserve University School of Law, an MBA from The Weatherhead School of Management at Case Western Reserve University, and a BS from John Carroll University.

Josh Comiter

Vice President

Josh Comiter is a Vice President at Tramview Capital Management, which he joined in 2021. Josh focuses primarily on the evaluation, underwriting, and due diligence of new acquisitions, as well as the asset management of existing investments. Previously, he was a Senior Analyst at Starwood Property Trust (“Starwood”), where he focused on CMBS B-Piece Acquisitions as a member of the investment management team. Josh simultaneously worked out distressed debt within Starwood’s Special Servicer, LNR. Mr. Comiter was also a Rotational Analyst at Starwood Property Trust. Mr. Comiter received both an MSRE in Commercial Real Estate and a BABA in Urban Planning and Real Estate from the University of Florida.

Beau VandeWalle

Senior Vice President

Beau VandeWalle joined Tramview Capital Management in 2021, where he serves as a Senior Vice President, focusing primarily on the evaluation, underwriting, and due diligence of new acquisitions, as well as the asset management of existing investments. Previously, he was a member of the investment team at WHI Real Estate Partners, where he focused on opportunistic investments, spearheading asset management and investment management activities. Prior to joining WHI Real Estate Partners, Mr. VandeWalle was a Rotational Analyst at Starwood Property Trust. Mr. VandeWalle received a BBA in Finance and Real Estate from the University of Wisconsin-Madison.

Robert Davies

Managing Partner, Founder

Rob Davies is the Managing Partner of Tramview Capital Management, overseeing the firm’s investment activities, portfolio management, and overall strategy and operations. Previously, he was a Partner at The Townsend Group, where he was Head of the Special Situations Group, with responsibility for Townsend’s global direct real estate investment activities. In addition, Mr. Davies was a Portfolio Manager for several discretionary investment funds, totaling approximately $1.8 billion in equity commitments. Prior to joining The Townsend Group in 2011, Mr. Davies was a Vice President at ING Clarion Partners, where he focused on real estate investments in the Western U.S. Prior to, he worked for Discovery Land Company, where he focused on acquisition, project management, and finance activities. He also spent three years as an investment banker for ING Barings Furman Selz. He was a Director of SonomaWest Holdings from 2006 until the company was taken private in 2011. Mr. Davies received an AB degree in Economics from Duke University and an MBA from the Stanford Graduate School of Business.