InLight Real Estate Partners’ recently announced their first development in the Hampton Roads region, the Greenmount Logistics Center. This ambitious project, spanning 34 acres near the technologically advanced Port of Virginia, represents a strategic move that offers unmatched advantages to businesses in the area.
Strategically located in Williamsburg, Virginia, the Greenmount Logistics Center enjoys proximity to Walmart’s expansive mega-campus and measures an impressive 373,536 square feet. Designed with modern trailer parking requirements in mind, it boasts 74 dock doors, 2 drive-in doors, 2,300 square feet of spec office space, and 330 automotive parking spaces, catering to local and regional shippers and freight companies.
Through it’s preferential position on the Hampton Roads Peninsula, the Greenmount Logistics Center enjoys unparalleled access to the Port’s main container terminals and the densely populated region encompassing Washington DC, Richmond, and Baltimore. With direct access to three separate exits on I-64, including a mere 3-minute drive to the closest exit, this location ensures seamless connectivity to major transportation arteries.
InLight’s confidence in the growth of the Port of Virginia and the Norfolk/Hampton Roads market is well-founded, as the region is recognized as one of the top ports on the East Coast. The state’s ongoing investments in future infrastructure contribute to the steady increase in the volume of the four active Port of Virginia facilities. Moreover, the region’s attractiveness to tenants is bolstered by its scarcity of industrial land in the Norfolk/Chesapeake/Suffolk markets, coupled with its advantageous proximity to all four port terminals, I-64, and I-95.
Barton Hunter, Senior Vice President of InLight Real Estate Partners, expressed excitement about this groundbreaking venture when emphasizing the alignment with the Port of Virginia’s continued success under the leadership of Stephen Edwards. The project reflects InLight’s investment thesis, focusing on developing and investing in port-related infrastructure and enhancing cargo routing from the west coast to the east coast.
InLight Real Estate Partners’ decision to establish the Greenmount Logistics Center in the Hampton Roads region is a strategic step forward for them and a promising sign for business confidence in our region. The center’s strategic location near the Port of Virginia, coupled with its innovative design and adaptability, positions it as a pivotal player in the region’s commercial and logistics landscape. It stands as a testament to the immense potential and growing significance of the Hampton Roads region as a global trade and commerce hub.