PURCHASE OF INDUSTRIAL LOT IN HAMPTON ROADS, VA

(May 17, 2024) Atapco Properties, Inc. (Atapco) has purchased 124 acres of industrial land located within the Virginia Port Logistics Park in Suffolk, VA. The property has the capacity to accommodate up to 1.5 million square feet in one large industrial building or multiple buildings. “Atapco Properties and our JV Partner, Ausblick Development, are excited to be entering the Hampton Roads industrial market,” said Patrick Coggins, President of Atapco Properties. “We’re looking forward to participating in Virginia’s strong business friendly economy and the unique business opportunities driven by the growing Port of Virginia.” “The Port of Virginia is proud to support Atapco Properties and their growth into the Hampton Roads Market,” said Stephen Edwards, Executive Director and CEO of the Virginia Port Authority. “We continue to experience record-setting growth at the Port of Virginia and additional warehouse capacity is needed to accommodate expanding trade volume. Our customers will benefit greatly from this new Class-A industrial product at the Virginia Port Logistics Park.”


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Atapco Properties is a wholly owned subsidiary of American Trading and Production Corporation, which was originally formed in 1931 to consolidate, expand and diversify the business activities of the Blaustein family, the founders of the American Oil Company (AMOCO). Atapco Properties is active in Maryland, Indiana, New Jersey, North Carolina, Pennsylvania, and Virginia, developing state-of-the-art industrial, retail, residential, office and mixed-use projects with an emphasis on sustainability and green building standards. For more information on Atapco Properties, visit www.atapcoproperties.com.

 

Media Contact:
Sally Zabel
Atapco Properties
Marketing and Communications Manager
szabel@atapco.com
410-347-7258