JLL reports transactions in Hampton Roads totalling more than 260,000 square feet

Published February 19, 2015 by Paula C. Squires

JLL has completed several transactions in the Hampton Roads region, totalling 262,728 square feet. Some of the largest deals were in the industrial sector. The transactions include the following:

Landlord representation
Continental Terminals leased 98,000 square feet at 1400 Cavalier Drive in Chesapeake.  Erin Corrie and Gregg Christoffersen represented the building owner.

Flo-Serve leased 23,585 square feet at 3732 Cook Blvd. in Chesapeake. Christoffersen and Corrie represented the building owner.

Cross Fit leased 19,853 square feet at 1081 W 35th St. in Norfolk. Deborah Stearns and Christoffersen represented the building owner.

Tenant representation:
L&W Supply Corp. leased 31,812 square feet at 5600 Virginia Beach Blvd. in Norfolk.  Christoffersen and Maureen Rooks represented the tenant.

EdgeConneX leased 19,820 square feet at 3800 Village Ave. in Norfolk.  Christoffersen represented the tenant.

Clarus Fluid Intelligence leased 19,275 square feet at 7421 Central Business Park Drive in Norfolk.  Wes Edwards represented the tenant.

Industrial sales
Boeringer Ingelheim (BI)  sold a 219-acre pharmaceutical campus in Petersburg to UniTao Pharmaceuticals, a subsidiary of Shanghai-based Tenry Pharmaceutical Co. Ltd. UniTao plans to invest $22 million in the facility, which will manufacture active pharmaceutical ingredients for common over-the-counter medications. The sale, announced in October, means the plant, slated for closure under BI, will remain open with more than 300 new jobs expected to be created over three years.  Corrie, Christoffersen and Jimmy Appich represented the seller.