M id A tlantic Real Estate Journal —November 18 - December 22, 2022 — 3A
www.marej.com
Leading the Way to 5 Million s/f of Warehouse to Support the Port of Virginia Suffolk City Council approves rezoning of Matan Companies’ Port 460 Logistics Center project
UFFOLK, VA — Suf- folk City Council mem- bers voted to approve the rezoning of Matan Com- panies’ Port 460 Logistics Center project from general commercial and agriculture use to M-2 industrial. The 540- acre site, located at the inter- section of US-460 and US-58, will deliver up to five million s/f of warehouse, distribution, truck terminals, and industrial outdoor storage. “We are eager to kick Port 460 into the development stage in an effort to support the Port of Virginia and create an employment hub that will stimulate economic growth, both locally and regionally,” said Karl Morris , director of development for Matan. “And we are excited about being a part of the Suffolk community.” The initial phase, consisting of two 350,000 s/f buildings and one single million s/f building, will commence construction on a speculative basis in the S
The project is projected to be an integral part of creating more than 2,000 construction jobs and up to 9,000 long-term jobs. “We see Matan’s decision to develop the Port 460 Logistics Center as a vote of confidence in the future of The Port of Virginia,” said Stephen A. Edwards, CEO and Executive Director of the Virginia Port Authority. “It is a strategic move to capitalize on this port’s growth and the $1.4 billion we are investing to ensure we remain modern, competitive, and efficient. “When the private sector be- gins matching the investments we’re making in our facilities and capabilities, it supports our growth and sends a very clear signal to the industry that Vir- ginia is open for business. This project will drive job creation and economic investment and bring growing companies to the region. We’re ready to collaborate with Matan to support the success of the Port 460 project.” MAREJ tions. Once the property was selected, they also made an offer on the adjacent parcel,” said John McClellan . Jaime Castillo, president of Poultry Labor Solutions, said, “We were very pleased to have John helping us in the acquisition of our new Salisbury location. John’s ex- pertise was crucial while guid- ing us and facilitating a sale of a property that required a great deal of due diligence as well as various obstacles that needed to be overcome. John tackled each challenge with a creative solution and solved any issue encountered making our transaction successful. We truly appreciate John’s guid- ance and support throughout the entire transaction.” McClellan cooperated with Chris Davis of NAI Coastal who represented the seller, and William Smith and Brenda Lloyd at Mid-Atlan- tic Title & Escrow who com- pleted the settlement. MAREJ
second quarter of 2023 and is anticipated to deliver in the first quarter of 2024. “Business-ready commercial, industrial and warehouse sites and facilities are needed to support the Commonwealth’s efforts to identify economic development opportunities to
attract new business. Port 460 Logistics Center in Suffolk is such a site,” said Shep Miller, the Virginia director of trans- portation. Port 460 is the closest new development with direct access to the Port of Virginia – the fastest growing port in the U.S.
- and will provide exceptional access to over 75% of the U.S. population within a two-day drive via I-95, I-64, and I-264. In addition to providing much- needed industrial space in a market where demand has outpaced supply, Port 460 will also be a critical job creator.
The McClellan Team of SVN Miller collaborates with seller rep., NAI Coastal’s Davis in sale of Zion Rd. facility in Salisbury
SALISBURY, MD — The McClellan Team with SVN Miller Commercial has
settled on two proper- ties on the Northside of Salisbury. The two par- cels are lo- cated at 2433 N Zion Rd., and 2449 N. Zion Rd. The
John McClellan
latter property was the previ- ous site of Chesapeake Paving Company. Both properties were purchased by Alabama based Poultry Labor Solutions. Poultry Labor Solutions specializes in providing em- ployees for the poultry indus- try all over the region. They match trained employees with open positions and as- sist their employees with obtaining housing and other necessary means. Poultry Labor Services has been growing rapidly in their
2433 N and 2449 N. Zion Rd. most central location to fulfill the various contracts. They expect this location will serve their continuing growth in the region for many years to come. “A local friend introduced me to Maceo Agurcia (local
manager) and Jaime Castillo (company president) of Poultry Labor Solutions. I toured the Zion Rd. facility with PLS vari- ous times and we saw value in the various improvements on the property to their opera-
services to local poultry inte- grators. As demand for their services grew, they realized their smaller, leased facility was inadequate. In studying their service areas, they con- cluded Salisbury offered the
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