20B — August 25 - September 14, 2017 — Owners, Developers & Managers — M id A tlantic
Real Estate Journal
www.marejournal.com
O wners , D evelopers & M anagers
EWPORT NEWS, Va. – (August 2017) – W. M. Jordan Develop- Also developed by Virginia Tech along with the City of Newport News W. M. Jordan Development Co. breaks ground on 80,000 s/f building first in 50 acre research park N
the City of Newport News and is adjacent to Marketplace at Tech Center and Venture Apartments. S. J. Collins is the joint venture developer with W. M. Jordan Development Company on Marketplace at Tech Center, and Venture Re- alty Group is the joint venture developer on Venture Apart- ments. Tech Center Research Park will provide the platform and synergy to attract tenants that desire a connected, collabora- tive and smart community that is focused on growing business- es that matter. The infrastruc- ture has been designed to pro-
vide supportive services to help businesses succeed. Tenants in Building One @ Tech Center Research Park will have ac- cess to VT Knowledge Works, a business acceleration program, videoconferencing, conference rooms, research-grade internet speeds, networking events and co-working space. The location of Tech Center Research Park in Newport News’ Enterprise Zone includes economic and business incentives. The re- search park master plan in- cludes walking and bike trails and access to all of the ameni- ties at Tech Center. “Everything is on track for Tech Center Research Park to become one of the premier research parks and innova- tion districts in the Common- wealth of Virginia,” said John Lawson, CEO of W. M. Jordan Company. “We anticipate the first businesses will move into Building One in August 2018. The proximity to the prestigious Jefferson National Lab is invaluable, and it is the only area in the City of New- port News that is zoned for research.” “Newport News enjoys col- laboration with Jefferson Lab that has already resulted in the commercialization of emerging technology based upon Jeffer- son Lab’s research,” saidMayor of Newport News McKinley L. Price. “Tech Center Research Park is another example of how we can work collaboratively, drawing in the resources of Vir- ginia Tech, one of the nation’s premier research universities, to further increase innovative R&D opportunities and entre- preneurial endeavors in our City. We are excited that this project will attract and retain the brightest minds of the cur- rent and emerging workforce generations, further diversify- ing the economic foundation of Newport News.” “We are very excited and look forward to becoming a destina- tion for the University as it extends beyond the boundaries of Blacksburg in support of the entrepreneurial ecosystem we are catalyzing here in Hamp- ton Roads,” said Director of Tech Center Research Park Jeff Johnson. W. M. Jordan Development Company purchased the va- cant property at the corner of Oyster Point Road and Jeffer- son Avenue in 2010 from the College of William and Mary Foundation. n
ment Company is pleased to announce that construction on Building One at the Tech Center Research Park will begin with the official ground- breaking on August 24. The 80,000-square-foot building is the first of many in the 50- acre research park located at the intersection of Jefferson Avenue and Hogan Drive in Newport News. Tech Center Research Park is being developed by W. M. Jordan Development Company and Virginia Tech along with
Building One at the Tech Center Research Park
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