MID-ATLANTIC CONNECTIVITY & DEMAND DRIVERS
Tidewater Logistics Center is located in Isle of Wight along Route 460, strategically positioned within 27 miles from the Port of Virginia’s four major Hampton Roads marine terminals. It is situated between two of the largest MSAs in the state, Hampton Roads and Richmond, offering a combined population of over three million full-time residents. Directly adjacent to the Property are corporate neighbors Cost Plus World Market (1MSF), Keurig Green Mountain (330K SF) and Safco (300K SF). Boasting the lowest real estate taxes ($0.85 / $100) and second lowest machinery and tools tax ($1.75 / $100) in Hampton Roads, Isle of Wight offers a diverse business climate well suited for both existing businesses and those expanding into the region.
Hampton Roads' industrial vacancy rate sits below 2% while the market experiences record-breaking demand from 3PLs, importers, eCommerce retailers, and other users. With $5.5 billion in regional roadway infrastructure projects and $1.4 billion in port-related investments recently completed or currently under construction, the fundamentals supporting industrial development in the region have never been stronger.
Hampton Roads' industrial vacancy rate sits below 2% while the market experiences record-breaking demand from 3PLs, importers, eCommerce retailers, and other users. With $5.5 billion in regional roadway infrastructure projects and $1.4 billion in port-related investments recently completed or currently under construction, the fundamentals supporting industrial development in the region have never been stronger.
DIRECT ACCESS TO THE PORT OF VIRGINIA| I-95 | I-85 | ROUTE 460
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DEMAND DRIVERS
For more information, contact:
GEOFF POSTON, SIOR
757 650 8437
[email protected]
BRETT SAIN
757 213 4153
[email protected]
ELLIS COLTHORPE
757 213 4160
[email protected]
GEOFF POSTON, SIOR
757 650 8437
[email protected]
BRETT SAIN
757 213 4153
[email protected]
ELLIS COLTHORPE
757 213 4160
[email protected]
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
Cushman Wakefield | Thalhimer © 2023. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Cushman Wakefield | Thalhimer © 2023. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.