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Follow on Google News | InLight Real Estate Partners Acquires Dynamic Logistics Facility in Hampton RoadsBridgeway Business Center is an approximately 707,000-square- Strategically positioned in the growing Norfolk port market, the property's infill location benefits from full I-664 interchange access and immediate proximity to area demand drivers, including the Port of Virginia, Norfolk Southern and CSX intermodal terminals, numerous shipyards, Naval Station Norfolk and Norfolk International Airport. The region's central location and integrated transportation network of highways, railroads, airports and seaports provide direct, one-day access to more than 60 percent of the U.S. population—making it a key logistics hub. InLight's decision to acquire Bridgeway Business Center was driven by the asset's secure cash flow and the opportunity to create substantial value through property improvements. Representing InLight's third project in the Norfolk MSA, the transaction was led by Partner Charles Margiotta with support from Associate Eric Fernandez and Analyst Jack Reddeck. InLight acquired the asset in a joint venture with a Connecticut- "We are thrilled to acquire an asset that, for the last 27 years, has been home to HII, the largest Navy shipbuilder in the country. Our strong belief in the Port of Virginia and its continued growth adds to our excitement," About InLight Real Estate Partners InLight Real Estate Partners (https://inlightre.com) is a full-service investment and development firm focused on industrial and logistics real estate across the Sun Belt, Midwest, East Coast and Gulf Coast markets. End
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