Phoenix Investors Buys 378,000-SF Industrial Site in Newport News
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 has expanded its industrial portfolio with the purchase of a large facility in coastal Virginia. An affiliate of Phoenix Investors acquired approximately 378,000 square feet of industrial space situated on 27 acres adjacent to Newport News/Williamsburg International Airport in Newport News, Va., according to an announcement dated Sept. 29, 2026.
The acquisition places Phoenix in a strategically significant logistics corridor. Properties near commercial airports have drawn growing interest from industrial real estate investors as demand for last-mile distribution and freight-proximate warehousing has intensified across the Mid-Atlantic region in recent years.
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Phoenix Investors, headquartered in Milwaukee, operates as a national commercial real estate investment firm with an emphasis on industrial assets. The Newport News purchase adds to a portfolio that spans multiple U.S. markets, reflecting the firm's continued appetite for large-footprint industrial properties in areas with strong transportation infrastructure.
Newport News sits within the Hampton Roads metropolitan area, one of Virginia's largest economic regions and home to significant military, manufacturing, and port activity. The proximity of this particular site to the international airport may offer tenants logistical advantages tied to air cargo accessibility as well as highway connectivity.
Financial terms of the transaction were not disclosed. Continue reading at All Financial Services & Investing.
