Construction begins on Hampton Logistics Center

New York’s Turnbridge Equities and Maryland’s Manekin, both real estate development and investment firms, have begun construction on two Class A industrial warehouse buildings in Hampton off Interstate 64, located less than 20 minutes from the Port of Virginia, according to an announcement this week.

The two companies, which raised about $70 million for the project, purchased the 32-acre site from the Hampton Economic Development Authority in May for $3.03 million. Knighthead Funding, a Connecticut real estate financing company, provided a $43.75 million construction loan, and Heitman, a Chicago real estate investment management fund, provided joint venture equity. The two buildings will be at 1008 and 1012 North Campus Parkway in Hampton, and they are expected to be completed by the second quarter of 2025.

Called the Hampton Logistics Center, the project will include a 230,874-square-foot warehouse and a 275,685-square-foot warehouse that will be built simultaneously. The warehouses will feature 36-foot clear height, 185-foot rear-load truck courts and 334 parking spaces. Developers designed the warehouses to achieve a gold-level LEED certification, a ranking system that rates green buildings.

“We have spent many years looking for opportunities to develop Class A industrial product around the Port of Virginia,” John Graham, Manekin’s managing director, stated in a news release. “The size of each of the buildings will appeal to a range of tenants serving both the port and local markets.”

Gregg Christoffersen of real estate company JLL will lease the warehouses.