17.3 C
Hamburg
Wednesday, June 4, 2025
Home News Rockefeller Group and Matan Companies to develop new port logistics center in...

Rockefeller Group and Matan Companies to develop new port logistics center in Virginia

Rockefeller Group and Matan Companies announced the creation of a joint venture agreement to build a 464,515 square-meter industrial and logistics facility in Suffolk, Virginia.

The new Port 460 Logistics Center is designated for heavy industrial, logistics, advanced manufacturing, life sciences, and warehousing purposes.

The first phase of the project has begun, with five buildings totalling 222,967 million square meters anticipated to be completed by 2025. JLL was chosen as the partnership’s only leasing agency.

The project, which has direct access to the Port of Virginia, connects key population centres from the Midwest to the East Coast, serving 75% of the United States population in two days.

“With the overwhelming support of the Port of Virginia and public officials at all levels of state government, we are excited to move Port 460 Logistics Center into the next phase of the development process,” added Karl Morris, senior managing director of Development for Matan Companies.

He further added, “We 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.”

After a two-year process, Matan, who led the rezoning of the large site and will continue to handle future entitlements, received rezoning in October 2023. Through a process managed by JLL’s DC Capital Markets team, the company identified Rockefeller Group as a potential development partner.

“Rockefeller Group has four decades of experience in U.S. industrial development, with a concentration in port-centric markets and inland distribution hubs,” commented Hilary Goldfarb, senior managing director and head of Development for Rockefeller Group in the Mid-Atlantic region.





Latest Posts

ORBCOMM unveils new container visibility tool

ORBCOMM has announced the launch of CrewView, an onboard visibility solution designed to give vessel crews real-time access to data from smart refrigerated and...

SAAM-Enap partnership: Latin America’s first electric tug en route to Chile

Latin America’s first fully electric tugboat has officially set sail from Tuzla, Turkey, on a 45-day journey to Puerto Montt, Chile. From there, it will...

Singapore and France sign enhanced maritime partnership agreement

French Minister for Transport Philippe Tabarot and Singapore’s Acting Minister for Transport and Senior Minister of State for Finance Jeffrey Siow signed an Enhanced...

CMA CGM, DP World Ramp Up Investment Amid Global Trade Turbulence

As global trade fragments under the weight of geopolitical tensions, French shipping group CMA CGM and UAE-based logistics company DP World are positioning themselves...

AD Ports establishes Tbilisi Intermodal Hub in Georgia

AD Ports Group has announced the inauguration of the first phase of Tbilisi Intermodal Hub, Georgia's first modern, bonded container and intermodal terminal, and...
error: Content is protected !!