Ground Breaks for Hampton Roads Industrial Project
W.M. Jordan Development has started construction on 460 Commerce Center, a 352,000-square-foot industrial project in Windsor, Va. The speculative building is anticipated to come online in the third quarter of next year.
When complete, the Class A facility will be a concrete tilt-wall building featuring 36-foot clear heights, 80 dock doors, two drive-in doors and a cross-dock configuration.
The property will also include 55-foot by 50-foot column spacing, ESFR sprinklers and LED lighting. According to CommercialEdge data, the facility is taking shape on a 42-acre parcel.
A Hampton Roads industrial development
The development site is at 12375 William A. Gwaltney Way in the Shirley T. Holland Intermodal Park. The county-owned 1,200-acre campus includes more than 1.6 million square feet of buildings and features tenants such as Keurig, Dr Pepper, World Market and Safco.
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The Hampton Roads property is adjacent to U.S. Route 460 and close to U.S. Route 58, having easy access to the larger Virginia area and Northeast territories. The Port of Virginia is some 35 miles away and Norfolk International Airport is 39 miles away. Downtown Norfolk, Va., is roughly 28 miles east.
Colliers’ Lang Williams, H. Ashton Williamson and Ben Anderson are heading up leasing and marketing for 460 Commerce Center.
The Hampton Roads industrial market had some 4.9 million square feet under construction in the fourth quarter of last year, according to a JLL report. One of the current developments is an 841,300-square-foot industrial project in Hampton, Va., scheduled for completion in the second half of this year.
As for announced projects, a 5 million-square-foot industrial and logistics center will be developed by Rockefeller Group and the Matan Cos. in Suffolk, Va. The project’s first phase is scheduled to deliver five buildings totaling 2.4 million square feet, beginning in 2025.
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