Popular on eTradeWire
- Trifold Mirror: Poetic Reflections on the One Who Saved Me by Chidiebere Eze - 211
- From Over-the-Road Truck Driver to Published Author: The Inspiring Journey of Tandricus R. Thomas - 170
- Youthvine Agency Launch: Lifestyle Marketing Agency - 159
- Sand Hollow Utah, Voted Best Place for Corporate Retreats to Bring Teams Back Together - 143
- Texas Center For Oral Surgery & Dental Implants Launches Redesigned Website to Enhance Patient Experience - 142
- Columbus Wizards Secure Thrilling 113-112 Victory in Final Home Game of the Season - 142
- Mend Colorado Redefines Boulder Sports Medicine with Advanced Sports Performance Training - 141
- Tiffany Mfume Named One of 2025 Women of the Year and Women to Watch Honorees - 141
- Discover the latest trends and fashion - 118
- Brandify.io Launches Cutting-Edge AEO, VSO, and White-Label Advertising Solutions - 106
Similar on eTradeWire
- The Real Estate Inspection Company Enhances Services with Complimentary Wildfire Risk Assessments
- David Weekley Homes' Celesta Coming Soon to Decatur GA
- HaloSOS' Location-Based Critical Communications Platform Now Available on Microsoft AppSource
- New elevated model home opens at Southern Hills
- Orcas Island Property Owner Returns Two Prime Waterfront Properties to the Market
- BKM Capital Partners Releases White Paper Examining E-Commerce's Profound Impact on Industrial Real Estate
- RevArt and CoBiz Richmond Partner to Empower Local Artists and Foster Community Creativity
- Cravey Real Estate Services Announces Sale of 12 Acres in Somerset at Sinton to AEP Texas, Inc
- Kinship Pointe at Wayne: Independent & Assisted Living Joins Arcus Healthcare Partners Portfolio
- Kinship Pointe at Seward: Independent & Assisted Living, Transitions to Arcus Healthcare Partners Ownership
InLight Real Estate Partners Acquires Dynamic Logistics Facility in Hampton Roads
eTradeWire News/10770911
NORFOLK, Va. - eTradeWire -- InLight Real Estate Partners has successfully closed on the value-add acquisition of Bridgeway Business Center in the port market of Norfolk.
Bridgeway Business Center is an approximately 707,000-square-foot warehousing and distribution facility situated on a 52.6-acre site, just 7.2 miles from the Port of Virginia's VIG container terminal. Property features include 59 dock doors, 13 drive-in doors and 14.3 acres of dedicated trailer storage. Bridgeway Business Center is 100 percent leased by a diverse mix of five high-quality tenants, including Huntington Ingalls Industries (HII), United Parcel Service (UPS), Coastal Logistics, Virginia Department of General Services and Dupré Logistics. Anchor tenant HII, the largest industrial employer in Virginia, has leased space at the property since 1997 to support its adjacent Newport News Shipbuilding operation, which has designed, constructed and repaired more than 800 ships for the U.S. Navy and other commercial customers since inception.
More on eTradeWire News
Strategically positioned in the growing Norfolk port market, the property's infill location benefits from full I-664 interchange access and immediate proximity to area demand drivers, including the Port of Virginia, Norfolk Southern and CSX intermodal terminals, numerous shipyards, Naval Station Norfolk and Norfolk International Airport. The region's central location and integrated transportation network of highways, railroads, airports and seaports provide direct, one-day access to more than 60 percent of the U.S. population—making it a key logistics hub.
InLight's decision to acquire Bridgeway Business Center was driven by the asset's secure cash flow and the opportunity to create substantial value through property improvements. Representing InLight's third project in the Norfolk MSA, the transaction was led by Partner Charles Margiotta with support from Associate Eric Fernandez and Analyst Jack Reddeck. InLight acquired the asset in a joint venture with a Connecticut-based institutional family office and obtained financing from lender Knighthead Funding.
More on eTradeWire News
"We are thrilled to acquire an asset that, for the last 27 years, has been home to HII, the largest Navy shipbuilder in the country. Our strong belief in the Port of Virginia and its continued growth adds to our excitement," said Margiotta. "Thank you to all of our partners on the deal and to Cushman & Wakefield for facilitating a smooth acquisition process."
About InLight Real Estate Partners
InLight Real Estate Partners (https://inlightre.com) is a full-service investment and development firm focused on industrial and logistics real estate across the Sun Belt, Midwest, East Coast and Gulf Coast markets.
Bridgeway Business Center is an approximately 707,000-square-foot warehousing and distribution facility situated on a 52.6-acre site, just 7.2 miles from the Port of Virginia's VIG container terminal. Property features include 59 dock doors, 13 drive-in doors and 14.3 acres of dedicated trailer storage. Bridgeway Business Center is 100 percent leased by a diverse mix of five high-quality tenants, including Huntington Ingalls Industries (HII), United Parcel Service (UPS), Coastal Logistics, Virginia Department of General Services and Dupré Logistics. Anchor tenant HII, the largest industrial employer in Virginia, has leased space at the property since 1997 to support its adjacent Newport News Shipbuilding operation, which has designed, constructed and repaired more than 800 ships for the U.S. Navy and other commercial customers since inception.
More on eTradeWire News
- MetaDroom Sets to Become Potential Crypto in 2025
- GBAMFS Condemns Restrictive Publisher Policies Threatening Gamer Free Expression
- Upcoming Book "Democratizing Violence: The Rise of Open-Source Warfare and the Decline of State Control" Available for Pre-Order Now
- Real Recovery Podcast: Amplifying Voices in the Recovery Movement
- SUN & STARS INT'L FILM FESTIVAL Announces Closing Night Film & Attending VIPs
Strategically positioned in the growing Norfolk port market, the property's infill location benefits from full I-664 interchange access and immediate proximity to area demand drivers, including the Port of Virginia, Norfolk Southern and CSX intermodal terminals, numerous shipyards, Naval Station Norfolk and Norfolk International Airport. The region's central location and integrated transportation network of highways, railroads, airports and seaports provide direct, one-day access to more than 60 percent of the U.S. population—making it a key logistics hub.
InLight's decision to acquire Bridgeway Business Center was driven by the asset's secure cash flow and the opportunity to create substantial value through property improvements. Representing InLight's third project in the Norfolk MSA, the transaction was led by Partner Charles Margiotta with support from Associate Eric Fernandez and Analyst Jack Reddeck. InLight acquired the asset in a joint venture with a Connecticut-based institutional family office and obtained financing from lender Knighthead Funding.
More on eTradeWire News
- CULTURE & COCKTAILS Welcomed 100+ to Conversation with Comedy Writer Alan Zweibel
- FLOW FX Announces Development of Omega (Ω): The Autonomous AI Agent Revolutionizing Investments
- The Band Contemporary to Release Sophomore Album Revolution on January 20, 2025
- Much anticipated last book in the Song of Echoes epic fantasy series is published
- Boys & Girls Clubs of Silicon Valley names Veronica Jowers Chief of Staff
"We are thrilled to acquire an asset that, for the last 27 years, has been home to HII, the largest Navy shipbuilder in the country. Our strong belief in the Port of Virginia and its continued growth adds to our excitement," said Margiotta. "Thank you to all of our partners on the deal and to Cushman & Wakefield for facilitating a smooth acquisition process."
About InLight Real Estate Partners
InLight Real Estate Partners (https://inlightre.com) is a full-service investment and development firm focused on industrial and logistics real estate across the Sun Belt, Midwest, East Coast and Gulf Coast markets.
Source: InLight Real Estate Partners
Filed Under: Real Estate, Industrial
0 Comments
Latest on eTradeWire News
- Redefining Greatness: The Summit Sessions Podcast Launches to Inspire and Empower Global Audiences
- Anti-Racism Song from Neal Fox Drops in Time for Martin Luther King Day
- Inn-Flow: The highest customer-rated Hotel Accounting Software at the 2025 Hotel Tech Awards
- Recon Rig & Target Arm Partner to Deliver Cutting-Edge Drone Deployment Tech for Custom Trailers
- Better Together, Kissimmee Fellowship Church to host community job fair Feb. 21 in Kissimmee
- Scaffold Resource Expands Focus on Event Infrastructure Solutions for World-Class Events
- Stroudwater Associates Principal to Serve on the National Rural Health Association's Rural Health Policy Congress
- Elegance & Power: The Northern Rhône Wines
- Target Arm Secures $2 Million Army SBIR Contract for Groundbreaking Arsenal-Modular Mission Payload
- SGS Partners with FPD to Launch Innovative Simulation-driven Training Solution for Clinicians
- Hollywood Mystery Tour: discover the Walk of Fame with a new mobile game from SoMysterio.us
- Shamrock+ Photography Featured on the Cover of TLC's Savannah: A Southern Journey
- ADS Transform-CV: COTS, Deep Learning-based Computer Vision System for Q/A Application
- Genpak Expands Foodservice Packaging to Include Durable, Polypropylene Bowls
- Discover Stunning Tiles at Unbeatable Prices – Tile & Stone Source Has It All!
- Elevate Your Beauty at McAllister Spa – Miami Beach's Premier Hair, Skin & Nail Destination!
- Trustworthy Home & Real Estate Inspections in the Highland Lakes District of Texas
- The Real Estate Inspection Company Enhances Services with Complimentary Wildfire Risk Assessments
- 39th Annual California Strawberry Festival Seeks Sponsors
- A Guide to Managing Colorado's Spring Pests