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Virginia logistics space squeezed by data center boom
After the COVID-19 pandemic struck, Virginia experienced a surge in demand for warehousing and distribution space driven by consumers shifting to the convenience of online shopping. In 2022, at the height of this boom, developers responded by rapidly adding new supply, with Richmond and Hampton Roads seeing dramatic increases in development of industrial spaces like […]
Wisconsin co. breaks ground on $26M Portsmouth export facility
The DeLong Co. on Thursday broke ground on a $26 million agricultural export facility in Portsmouth that will prepare whole grains for shipment.
New logistics centers boost Virginia’s supply chain edge
Four major logistics hubs, including Amazon and Port 460, open across Virginia in 2024, enhancing East Coast distribution and supply chain access.
Defense optics manufacturer to open Virginia Beach facility
Vidarr, which makes night vision goggles and other defense optical equipment, will invest $2.69 million over the next three years to open a manufacturing facility in Virginia Beach, a project estimated to create 40 jobs, Gov. Glenn Youngkin announced Friday. The New Hampshire company’s manufacturing facility is moving into a 16,410-square-foot building located at 2656 […]
Powhatan approves $2.7B data center campus
Powhatan County has approved an estimated $2.7 billion data center campus on 119.9 acres partly bordering Chesterfield County. The county’s board of supervisors voted 3-2 during its Oct. 28 meeting for a rezoning and a conditional use permit allowing the proposed development to move forward. The developer, Newport Beach, California–based Province Group, estimates that its […]
Dropping anchor
LS GreenLink USA spent two years on site selection, scouring much of the East Coast for the right location to build a 750,000-square-foot factory to manufacture subsea cables for offshore wind farms. Then it landed on Chesapeake. Patrick Shim, LS GreenLink’s managing director, cited several reasons for the company’s decision: access to the Port of […]
ACI doubles its Chesterfield HQ
Commercial and industrial contractor Atlantic Constructors Inc. (ACI) is doubling its headquarters in Chesterfield County, a roughly $25 million project. The contractor, which provides mechanical, electrical, plumbing and fire protection products and services, plans to open a second 170,000-square-foot building on 18 acres beside its existing building, which sits on 25 acres, in early November. [&[...]
QTS finishes $137M purchase of rezoned Henrico tech park land
QTS Data Centers has secured ownership of all 622 acres of the recently rezoned site for the White Oak Technology Park II project in Henrico County’s Sandston area for approximately $137 million. On June 28, a limited liability company belonging to QTS bought the remaining portion of the site that it hadn’t yet acquired — […]
Rockbridge tent manufacturer to expand, add 60 jobs
Natural Bridge-based fabric shelter systems manufacturer XFactor Solutions Global has leased 34,000 square feet to expand in Rockbridge County, with plans to create 60 jobs, Cushman & Wakefield | Thalhimer announced Thursday. The company, which acquired the assets of Creative Tent International in October, will use the industrial space at 70 Douglas Way in Natural […]
Cushman & Wakefield | Thalhimer hire Richmond VP
Brian Felton has joined Cushman & Wakefield | Thalhimer‘s Richmond office as a first vice president focused on industrial sales and leasing, the real estate firm announced Tuesday. Felton was previously a senior leasing manager with San Francisco-based Prologis, where he oversaw a 3.6 million-square-foot portfolio of industrial buildings in Richmond, Norfolk and Fredericksburg. According[...]
Hampton Roads warehouses sell for $8.4M
A portfolio of three warehouses in Hampton Roads sold for $8.4 million in mid-May. Tidewater Fleet Supply, an independent distributor of fleet, truck, trailer and heavy equipment parts, leases the properties. Located at 3666 Progress Road, the Norfolk warehouse sold for $6.03 million, according to city property records. The parcel is approximately 4.82 acres. At […]
Chesterfield distribution center sells for $37.5M
A distribution center in Chesterfield County’s Meadowville Technology Park sold for $37.5 million in mid-March, according to county property records. Located at 1400 Digital Drive in Chester, the 353,044-square-foot distribution center is fully leased to one tenant — CCBCC Operations LLC, a wholly owned subsidiary of Coca-Cola Consolidated Inc. — according to a Cushman & […]
