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Transactions - JULY 11, 2024

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Turnbridge Equities, Manekin break ground on 506,559sf class-A industrial park at the Port of Virginia

by RELEASED

Turnbridge Equities announced that Turnbridge and its co-development partner, Manekin, acquired the site and capitalized the construction of Hampton Logistics Center (HLC) in Hampton, Va., adjacent to the Port of Virginia. The transaction, which closed in May, included a $43.75 million construction loan from Knighthead Funding and joint venture equity from Heitman for the construction of two class-A industrial warehouse buildings totaling 506,559 square feet.

Hampton Logistics Center features two class-A warehouses of 230,874 square feet and 275,685 square feet that will be built simultaneously. The two buildings, which are located on 31.95 acres, feature 36-foot clear heights, 185-foot rear-load truck courts and 334 auto parking spaces. The buildings will be LEED Gold certified, making them the first industrial warehouse buildings to achieve such certification within the Hampton Roads market.

HLC’s location places it less than 20 minutes from the Port of Virginia, t

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