Bioenergy company buys industrial waterfront facility in Chesapeake
Hampton Roads Integrated Bioenergy Complex has purchased for an undisclosed price a 64-acre industrial waterfront facility located at 5100 Bainbridge Blvd in Chesapeake.
The most recent tenant at the site was A& R Logistics. Its equity partner, 5100 Bainbridge Holdings LLC, was the seller. The site is perhaps best known as former home of the Nova Chemical Plant, a plastics manufacturer, which closed in late 2006.
According to Cushman & Wakefield | Thalhimer, the property consists of more than 210,000 square feet of office and industrial buildings along with deep water access and extensive rail siding.
Christine M. Kaempfe and William C. Throne of Thalhimer handled sale negotiations on behalf of the seller. Kaempfe said she didn’t know of plans by the new owner for the property, other than to hold it as an investment.