Newmark

Newport News, Virginia – September 29, 2026 -- An affiliate of Phoenix Investors has acquired a 378,331-square-foot industrial property at 615 Bland Boulevard in Newport News, Virginia, sitting on approximately 27.4 acres adjacent to Newport News/Williamsburg International Airport.

Vitesco-linked plant sits in a land-constrained industrial market

The facility was formerly operated by Continental's Vitesco Technologies division and is located roughly one mile from I-64 at the Jefferson Avenue interchange. Phoenix describes Newport News as one of the most land-constrained industrial markets in the country, with limited large-block availability.