IRG to Construct 227,000 Sq.Ft. Distribution Facility for RoadOne IntermodaLogistics in Suffolk, VA

IRG to Assemble 227,000 Sq.Ft. Distribution Facility for RoadOne IntermodaLogistics in Suffolk, VA



SUFFOLK, VA – Industrial Realty Group, LLC (IRG), one of many largest industrial actual property builders within the nation, is proud to announce an settlement has been executed to develop a state-of-the-art distribution facility in Suffolk close to the Port of Virginia. Upon completion, the venture will probably be absolutely leased to RoadOne IntermodaLogistics, a single supply intermodal, distribution, and logistics providers firm with a nationwide footprint.

“RoadOne is happy to be working with IRG so as to add wanted distribution capability for the U.S. Mid-Atlantic and Southeast areas. This new facility will present transload providers to expedite the motion of inbound cargo from the Port of Virginia to U.S. markets. These strategic initiatives present our shipper purchasers with the most effective logistics providers and connectivity to our broad nationwide community,” stated Ken Kellaway, CEO of RoadOne IntermodaLogistics. “That is the fourth new transload facility and the second in Virginia that we’ve added within the final yr and a half.”

IRG bought the 40-acre website in early June 2022. The brand new constructing will span about 227,000 sq. ft. and embody cross docking for environment friendly distribution. Its proximity to the bustling Port of Virginia was additionally a key motive RoadOne was drawn to the situation.

“Having firms the caliber of IRG and RoadOne on this market leveraging The Port of Virginia and its effectivity is a vote of confidence in the way forward for this port,” stated Stephen A. Edwards, CEO and government director of the Virginia Port Authority. “The Port of Virginia is among the fastest-growing and most technologically-advanced port complexes within the nation and we’re investing $1.4 billion to proceed our evolution. We’re excited to collaborate with IRG and RoadOne to assist their development and success.”

Extra

RoadOne is the most important intermodal trucking supplier in North America and provides full-service intermodal transportation and associated logistics providers, together with port and rail container drayage, terminal operations, devoted truckload providers, transloading, warehousing and distribution options. They function 95 services within the U.S. and Canada, together with a number of in Virginia.

“That is our third build-to-suit website close to the Port of Virginia, the place we’ve witnessed the market’s aggressive demand for area prior to now few years,” stated Stuart Lichter, President of IRG. “We’re dedicated to growing services to assist the wants of the port and the businesses who will drive job creation and additional funding into the neighborhood.”

IRG anticipates completion of the venture within the third quarter of 2023.

Charles Dickinson, SIOR, of Harvey Lindsay Industrial Actual Property represented each the Landlord and Tenant on this transaction.

Picture is a conceptual rendering of the Suffolk, Virginia distribution facility.

http://roadone.com

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