Phoenix Investors Buys 378,000 SF Industrial Site in Newport News
A Phoenix Investors affiliate acquired a roughly 378,000-square-foot industrial property on 27 acres near Newport News/Williamsburg International Airport.
A Milwaukee-based national commercial real estate investment firm, Phoenix Investors, has acquired a large industrial property in Newport News, Virginia, the company announced Sept. 29, 2026. The acquisition was completed through an affiliate of the firm.
The property spans approximately 378,000 square feet across 27 acres and sits adjacent to Newport News/Williamsburg International Airport, a location that positions the asset near key transportation and logistics infrastructure in the Hampton Roads region.
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Phoenix Investors has established a track record of acquiring and repositioning industrial real estate assets across the United States. The Newport News purchase adds a strategically located mid-Atlantic property to its national portfolio, with the airport-adjacent site offering potential advantages for distribution, manufacturing, or warehousing tenants.
The Hampton Roads market, which encompasses Newport News and surrounding communities, has drawn increased industrial real estate interest in recent years given its proximity to one of the largest naval installations in the world and its access to major East Coast shipping corridors. The specific terms of the transaction were not disclosed.
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