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Out-of-State Investors Nab Big Amazon-Anchored Portfolio in Hampton Roads, Virginia

Lovett Industrial, Heitman Close on 720,000-Square-Foot Diamond Hill Distribution Center
The portfolio includes the Amazon warehouse at 1920 Campostella Road in Chesapeake, Virginia. (CoStar)
The portfolio includes the Amazon warehouse at 1920 Campostella Road in Chesapeake, Virginia. (CoStar)
By CoStar News Staff
March 1, 2024 | 6:23 P.M.

A pair of out-of-state investors teamed up to acquire a more than 700,000-square-foot industrial portfolio in Virginia's Hampton Roads region, one of the market's biggest industrial sales of the past year after rising interest rates blunted two years of record-breaking deals.

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