Phoenix Investors Buys 378,000 SF Industrial Site in Virginia
Phoenix Investors acquired a roughly 378,000-square-foot industrial property on 27 acres near Newport News/Williamsburg International Airport.
A Milwaukee-based national commercial real estate investment firm, Phoenix Investors, has acquired an industrial property spanning approximately 378,000 square feet on 27 acres adjacent to Newport News/Williamsburg International Airport in Newport News, Virginia, the company announced Sept. 29, 2026.
The site's proximity to a major regional airport positions it as a strategically significant logistics and industrial asset in the Hampton Roads market, a corridor that has drawn increased investor attention due to its access to port infrastructure, military installations, and interstate networks.
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Phoenix Investors operates through affiliates structured to acquire and reposition industrial properties across the United States. The Newport News acquisition fits a broader pattern the firm has pursued of targeting large-format industrial assets in markets with strong transportation and distribution fundamentals.
The Hampton Roads region, anchored by one of the busiest port complexes on the East Coast, has seen sustained demand for industrial real estate as supply-chain realignment and e-commerce growth continue to drive leasing activity. An airport-adjacent site of this scale offers flexibility for aviation-related tenants, freight operators, or traditional warehouse users.
Financial terms of the transaction were not disclosed. Continue reading at All Financial Services & Investing.
