Lovett 64 Commerce Center is uniquely positioned along the primary transit corridor between the Port of Virginia Hampton Roads Marine Terminals and Richmond

HAMPTON ROADS, VIRGINIA, September 6, 2023 – Cushman & Wakefield | Thalhimer has been selected by Lovett Industrial to provide exclusive leasing services for their new Class A speculative industrial park known as Lovett 64 Commerce Center, a planned six-building, 2.21-million-square-foot Class A industrial park on 328 acres of land in James City County, Virginia.

Located along Interstate 64 at Exit 227, Lovett 64 Commerce Center is strategically positioned along the path of commerce, 26 miles from I-295 and 52 miles from the Port of Virginia’s four major Hampton Roads marine terminals. Lovett 64 Commerce Center sits between two of the largest MSAs in the state, Hampton Roads and Richmond, offering a combined population of over three million full-time residents.

Hampton Roads’ industrial vacancy rate sits near 2% while the market experiences record-breaking demand from 3PLs, importers, eCommerce retailers, and other users. With $5.5 billion in regional roadway infrastructure projects and $1.4 billion in port-related investments recently completed or currently under construction, including the $3.8 billion expansion of the Hampton Roads Bridge-Tunnel, the fundamentals for industrial development along the I-64 Peninsula corridor have never been stronger.

Lovett Industrial (https://lovettindustrial.com) founded in 2020 and based in Houston, Texas, is a privately held vertically integrated logistics real estate investment platform that seeks to develop and acquire industrial real estate assets that are differentiated by their quality, location, and functionality. Currently active in fourteen markets across the United States, Lovett Industrial’s portfolio consists of approximately 15 million square feet of completed, acquired, and under-construction industrial product.

Geoff Poston, SIOR and Ellis Colthorpe of Cushman & Wakefield | Thalhimer are the exclusive leasing representatives on behalf of Lovett Industrial.

For Further Information Contact:
Geoff Poston, SIOR
Senior Vice President
+1 757 650 8437
geoff.poston@thalhimer.com

Ellis Colthorpe
Associate
+1 757 213 4160
ellis.colthorpe@thalhimer.com