Lovett Industrial and Heitman Acquire Industrial Park in Chesapeake, VA
Lovett Industrial, the Houston-based real estate investment firm, in partnership with an affiliate of Chicago-based Heitman LLC (“Heitman”), a global real estate investment management firm, have acquired an approximate 720,000 square foot portfolio of industrial buildings in the urban core of Norfolk VA.
- Lovett Industrial, the Houston-based real estate investment firm, in partnership with an affiliate of Chicago-based Heitman LLC (“Heitman”), a global real estate investment management firm, have acquired an approximate 720,000 square foot portfolio of industrial buildings in the urban core of Norfolk VA.
- View the full release here: https://www.businesswire.com/news/home/20240229677802/en/
Lovett Industrial and Heitman Acquire Industrial Park in Chesapeake, VA (Photo: Business Wire)
Located on Rt 168 with adjacent access to I-64 and I-464, Diamond Hill’s infill location not only allows quick access to the populations of Chesapeake, Norfolk and Virginia Beach, but also easy access to both NIT and VIG port terminals. - Ben Swift, Mid-Atlantic Market Lead for Lovett Industrial commented, “The Hampton Roads Industrial market boasts some of the strongest fundamentals in the country.
- Acquisition financing is provided by Voya Financial and was arranged by John Alascio of Cushman & Wakefield.