One among Phenix Commerce Middle’s two buildings will embrace a 6,000-square-foot workforce coaching heart operated by the town of Hampton. Picture courtesy of NorthPoint Improvement
NorthPoint Improvement has formally damaged floor on Phenix Commerce Middle, an 841,300-square-foot industrial asset in Hampton, Va. The $111 million mission is being developed in a partnership with Elegran Capital. Colliers will function unique leasing agent for the property.
The developer held a groundbreaking ceremony on Nov. 9, with audio system together with Mayor Donnie Tuck, Assistant Metropolis Supervisor Brian DeProfio and NorthPoint Vice President of Improvement Marc Gloyeske.
Phenix Commerce Middle will comprise two buildings, that are set to come back on-line within the third and fourth quarter of 2024. In keeping with Metropolis of Hampton public data, the partnership acquired the land for $5.2 million. The event is anticipated to deliver 450 jobs to the realm, together with development and operational roles.
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Plans name for a cross-dock constructing and a rear-load facility. Constructing 1 will embody 534,780 sq. ft and is about to function 40-foot clear heights, 4 drive-in doorways, 56 dock doorways, LED lights with movement sensors, 346 car parking spots and round 146 trailer parking spots. Constructing 2 will whole 299,783 sq. ft and have 36-foot clear heights, two drive-in doorways, 31 dock doorways, 364 car parking spots and 88 trailer parking spots.
Phenix Commerce Middle will present entry to interstates 664 and 64, and can rise roughly 4 miles from Newport Information Marine Terminal, 13 miles from Newport Information/Williamsburg Worldwide Airport, 18 miles from Port of Virginia and 22 miles of Norfolk, Va.
Colliers Government Vice Presidents Lang Williams and Ashton Williamson, along with Affiliate Patrick Molloy will market the commercial improvement for lease.
Latest tasks within the space
NorthPoint Improvement’s mission is amongst a number of others to be not too long ago added to the Richmond-Hampton Roads development pipeline. In June, Lovett Industrial introduced its plans for Enterprise Logistics Park, a 2.2 million-square-foot campus in James Metropolis County, Va. The 328-acre speculative improvement will likely be positioned on the first transit hall between The Port of Virginia and Interstate 95.
In September 2022, Industrial Realty Group LLC launched an settlement to develop a 227,000-square-foot distribution heart in Suffolk, Va., near The Port of Virginia. The property marks the developer’s third build-to-suit mission within the space.
