24 — June 2026 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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O wners , D evelopers & M anagers
Largest building at 5 million s/f master-planned industrial development breaks ground Rockefeller Group, Matan begin construction on 1M s/f distribution center at Port 460 in Suffolk, VA S that will include both a dis- tribution center and an LTL Service Center.
users in the market who are looking for more than 1 mil- lion square feet. With this construction start, a tenant can expect to take occupancy next Spring.” Rockefeller Group and Matan broke ground on Port 460 in September 2024. Earlier this year, A. Duie Pyle (Pyle), a premier, 101-year-old family-owned provider of inte- grated transportation and dis- tribution solutions, purchased a 43-acre development site at Port 460 Logistics Center and have started construction on a 420,000 s/f industrial building
UFFOLK, VA — Rock- efeller Group and Matan Companies an- nounced that construction has begun on Building 3 at Port 460 in Suffolk. The 1,048,711 s/f class A distribution center will be the largest building at the 5.1 million s/f industrial park and will be completed in Q1 2027. Buildings 1 and 2, 339,150 s/f and 246,490 s/f, are completed and ready for lease or sale. “With dirt moving and the pad being poured on the larg- est building planned for Port 460, Matan and Rockefeller
In a joint venture partner- ship with Mitsubishi Estate New York, Chuo Nittochi and Taisei USA LLC , the master-planned logistics park will deliver 2.4 million s/f of industrial space across five buildings in phase one. A sec- ond phase totaling 2.7 million s/f will follow after the comple- tion of phase one. MAREJ RHO Residential awarded mgmt. of former Veris residential portfolio ROSELAND, NJ — RHO Residential LLC has been selected by the new ownership
Building 3 at Port 460 in Suffolk, VA
Group are hitting an impor- tant milestone on the project,” said JP Matan , director of
leasing, Matan Companies. “We have already been ap- proached by some of the top
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group of the former Veris Residential portfolio to manage 15 multifamily properties to- taling 6,000+ apartments across the
Brenda Cioce
Northeast, marking a signifi- cant expansion of its third-party management platform. The assignment nearly dou- bles RHO Residential’s unit count to just under 12,000 apart- ments across 40 communities and 182,000+ s/f of retail, further strengthening its position among the region’s largest privately held third-party multifamily management providers. The newly added properties span New Jersey and the greater Boston metropolitan area, rep - resenting the company’s entry into the Boston market. RHO Residential’s appoint- ment follows the $3.5 billion acquisition of Veris Residential by an investor consortium led by Craig Solomon of Affinius Capital in partnership with Vista Hill Partners , a real estate investment and develop- ment group headed by Bradford Klatt and Jonathan Kushner . The engagement represents a full-circle moment for RHO Residential CEO and presi- dent Brenda Cioce , whose career has long been inter- twined with many of the com- munities now coming under the firm’s oversight. A significant portion of the portfolio is concentrated in Jersey City, where it includes seven properties totaling 3,783 units. MAREJ
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