{"id":12540,"date":"2023-12-18T01:20:11","date_gmt":"2023-12-18T01:20:11","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=12540"},"modified":"2023-12-06T15:23:23","modified_gmt":"2023-12-06T15:23:23","slug":"port-460-logistics-center","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/port-460-logistics-center\/","title":{"rendered":"Port 460 Logistics Center"},"content":{"rendered":"<p>Rockefeller Group and the Matan Companies have formed a joint venture partnership to develop a five-million-square-foot industrial and <a href=\"https:\/\/mataninc.com\/properties\/port-460-logistics-center\">logistics center<\/a> in Suffolk, Va.<\/p>\n<p><a href=\"https:\/\/mataninc.com\/properties\/port-460-logistics-center\">Port 460 Logistics Center<\/a>, situated on 500 acres, is zoned for heavy industrial, logistics, advanced manufacturing, life sciences, and warehouse uses. The project is moving forward with its first phase, expected to deliver five buildings totaling 2.4 million square feet beginning in 2025.<\/p>\n<ul>\n<li>The partnership selected JLL as the exclusive leasing agent.<\/li>\n<\/ul>\n<p>The project, which offers direct access to the Port of Virginia, is connected to major population centers from the Midwest to the East Coast, serving 75% of the U.S. population within two days.<\/p>\n<p>The Port of Virginia is one of the most modern and efficient ports in the United States, currently handling over 3.5 million twenty-foot equivalent units (\u201cTEUs\u201d) every year. Upon completion of multi-billion-dollar infrastructure improvements in 2024, it will be the deepest port on the East Coast. In total, Hampton Roads and the Port of Virginia are currently undergoing port and infrastructure improvement projects totaling $16.3 billion.<\/p>\n<ul>\n<li><em>Port 460 is advantageously located at the touchpoint of the world-class logistics and distribution infrastructure of the Hampton Roads MSA. Situated directly on US-460, the Project has seamless access to the entire Norfolk region as well as I-85 and I-95, offering extensive connectivity to the major metropolitan areas of the Eastern Seaboard.<\/em><\/li>\n<\/ul>\n<p>\u201cWith the overwhelming support of the Port of Virginia and public officials at all levels of state government, we are excited to move <a href=\"https:\/\/mataninc.com\/properties\/port-460-logistics-center\">Port 460 Logistics Center<\/a> into the next phase of the development process,\u201d stated Karl Morris, Senior Managing Director of Development for Matan Companies.<\/p>\n<p>\u201cWe are also pleased to partner with a top-of-the-class industrial developer like Rockefeller Group, which brings a tremendous amount of talent and complementary experience to the table.\u201d<\/p>\n<p>Matan, who led the rezoning of the expansive site, and will continue to manage further entitlements, obtained rezoning in October 2023 after a two-year process.<\/p>\n<p>The company identified Rockefeller Group as a potential development partner through a process led by JLL\u2019s DC Capital Markets team.<\/p>\n<div id=\"attachment_12541\" style=\"width: 1438px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12541\" class=\"size-full wp-image-12541\" src=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-06-at-15.17.51.png\" alt=\"\" width=\"1428\" height=\"856\" srcset=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-06-at-15.17.51.png 1428w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-06-at-15.17.51-768x460.png 768w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-06-at-15.17.51-400x240.png 400w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-06-at-15.17.51-384x230.png 384w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-06-at-15.17.51-440x264.png 440w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-06-at-15.17.51-642x385.png 642w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-06-at-15.17.51-542x325.png 542w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-06-at-15.17.51-634x380.png 634w\" sizes=\"auto, (max-width: 1428px) 100vw, 1428px\" \/><p id=\"caption-attachment-12541\" class=\"wp-caption-text\">Rockefeller Group and the Matan Companies have formed a joint venture partnership to develop a five-million-square-foot industrial and logistics center in Suffolk, Va.<\/p><\/div>\n<p>\u201cRockefeller Group has four decades of experience in U.S. industrial development, with a concentration in port centric markets and inland distribution hubs,\u201d said Hilary Goldfarb, Senior Managing Director and head of Development for Rockefeller Group in the Mid-Atlantic region.<\/p>\n<p>\u201cWith Port 460, we share a vision with Matan to bring a large-scale project to the market that is sufficient to match the economic growth we anticipate from the Port of Virginia\u2019s ongoing investment in the region.\u201d<\/p>\n<p>\u201cThe Port of Virginia welcomes the Port 460 announcement, and the investment in our region from Matan and Rockefeller Group,\u201d said Stephen A. Edwards, CEO and Executive Director, Virginia Port Authority.<\/p>\n<p>\u201cThe logistics center is a great addition to the region as we continue to grow and enhance America\u2019s most modern gateway.\u00a0As the Port of Virginia continues to add capacity and improve service and efficiency, developments like this are essential to meet the demands of the supply chain industry, and to keep our port a location of choice for end users.\u201d<\/p>\n<p>\u201cThe market is absolutely demanding a project like <a href=\"https:\/\/mataninc.com\/properties\/port-460-logistics-center\">Port 460 Logistics Center<\/a>,\u201d remarked Gregg Christoffersen, Managing Director, JLL.<\/p>\n<p>\u201cThe needs for warehousing, distribution, and logistics within an enhanced park with premier access to Routes 460 and 58 as well as the proximity to the Port of Virginia is exponential. Users cannot find facilities like this right now and Matan\u2019s expertise and high-quality product will make this a highly in-demand project.\u201d<\/p>\n<ul>\n<li>For more information about 460 Logistics Center, visit\u00a0<a href=\"https:\/\/mataninc.com\/properties\/port-460-logistics-center\">port460.com<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Rockefeller Group and the Matan Companies have formed a joint venture partnership to develop a five-million-square-foot industrial and logistics center in Suffolk, Va. Port 460 Logistics Center, situated on 500 acres, is zoned for heavy industrial, logistics, advanced manufacturing, life sciences, and warehouse uses. The project is moving forward with its first phase, expected to&#8230; <a href=\"https:\/\/www.findadistributor.com\/news\/port-460-logistics-center\/\" class=\"excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":12541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[10280,157,10279,106,2798,10277,10272,1745,1246,99,10278,62,4254],"class_list":["post-12540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-gregg-christoffersen","tag-logistics","tag-matan-companies","tag-material-handling","tag-port","tag-port-460-logistics-center","tag-port-handler","tag-port-handling","tag-port-of-virginia","tag-ports","tag-rockefeller-group","tag-supply-chain","tag-virginia-port-authority"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Port 460 Logistics Center - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/port-460-logistics-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Port 460 Logistics Center - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"Rockefeller Group and the Matan Companies have formed a joint venture partnership to develop a five-million-square-foot industrial and logistics center in Suffolk, Va. Port 460 Logistics Center, situated on 500 acres, is zoned for heavy industrial, logistics, advanced manufacturing, life sciences, and warehouse uses. The project is moving forward with its first phase, expected to... 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