Port 460 Logistics Center (Phase 1)

Address: 2925 Pruden Blvd., Suffolk

Project Type: Private

Project Size: 585,640 square feet (buildings 1 and 2); Phase 1 total: 2.4 million square feet across five buildings

Project Cost: $420 million

Owner: Rockefeller Group/Matan Cos. joint venture

Contractor: Clancy & Theys

Architect: M+H Architects

Engineers: Kimley-Horn; Stoneridge Engineering;  LJB Engineering

The Port of Virginia is the second largest container port on the East Coast, and for years industrial land capable of serving it at scale simply did not exist nearby. Port 460 Logistics Center is one answer to filling that gap — a master-planned, 500-acre industrial campus in Suffolk positioned to give logistics operators, manufacturers and distributors the landside infrastructure to capitalize on the port’s continued expansion.

The project broke ground in September 2024, following a two-year rezoning process led by Matan Cos., which identified the site and secured M-2 Heavy Industrial zoning in October 2023 before bringing Rockefeller Group in as a development partner. The joint venture — which also includes Japanese institutional investors Mitsubishi Estate New York, Chuo-Nittochi, and Taisei USA — is developing the campus in phases, with Phase 1 delivering 2.4 million square feet across five buildings.

Buildings 1 and 2, totaling approximately 585,640 square feet, delivered in the fourth quarter of 2025, were constructed by Clancy & Theys using tilt-up concrete wall panels and 7-inch slabs engineered for heavy racking and industrial equipment. When complete, the full campus will total approximately 5 million square feet.

The site’s specifications are designed for serious industrial users: 40-foot clear heights, 120-foot truck courts, 54-foot-by-50-foot column spacing and 60-foot speed bays. Its location within Foreign Trade Zone 20 adds a further competitive advantage for tenants engaged in international trade. Situated directly on U.S. 460 with seamless access to Interstates 85 and 95, the campus places occupants within a two-day delivery radius of 75% of the U.S. population.

National logistics provider A. Duie Pyle’s early 2026 purchase of a 43-acre site within the campus offered early validation that Matan’s bet on Suffolk as a premier East Coast logistics address is paying off.

“We are breaking ground on what will become one of the most impactful industrial developments in the country,” JP Matan, director of leasing at Matan Cos., said during the project’s 2024 groundbreaking.