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.
Site borders major defense and shipbuilding installations
The property is near Fort Eustis, Langley Air Force Base, Yorktown Naval Weapons Station, and Camp Peary, placing it within one of the largest U.S. concentrations of defense, shipbuilding, and advanced manufacturing activity. The location also falls within a federal Opportunity Zone.
Building offers heavy power and climate control built in 1971
Constructed in 1971, the facility is fully climate controlled across warehouse and office space and carries 16,000 amps of 277/480-volt three-phase electrical service. Infrastructure includes a wet fire suppression system, a 6-inch water main with separate fire and irrigation lines, and access to up to 12 million gallons of groundwater annually for cooling tower makeup.
Site includes ten dock doors and excess land for expansion
The property features ten dock doors, three drive-in doors, and 493 surface parking spaces, alongside significant excess land available for expansion, outdoor storage, or additional trailer parking.
Phoenix plans capital upgrades to attract modern manufacturers
Phoenix intends to reconfigure the building's layout and loading areas, update building systems, and enhance the site for a broad range of manufacturing and light industrial users. "Newport News is a dense, land-constrained market with very little large-block industrial availability, and 615 Bland Boulevard is a one-of-a-kind asset within it,