for lease - building 200
TRANSCRIPT
NEAR THE
PORT OF V
IRGINIA FOR LEASE - BUILDING 200
A DEVELOPMENT BY:
US-58 | SUFFOLK, VA | 101-ACRE, MASTER PLANNED PARK
200 SITE
400 SITE
BUILDING 100
KENYO
N RO
AD
PRIVATE ACCESS DRIVE
CSX RAIL
2
345,748 +/- SF CLASS A DISTRIBUTION SPACE
Representative image
NOW LEASING - FRONT LOAD FACILITY • Unmatched access to The Port of Virginia via US-58, US-460, I-64, I-264, I-664, and I-95
• Building 200 - 345,748 square foot front-load, rail-served facility
• Located in the Foreign Trade Zone
• Part of Virginia Commerce Center - a 101-acre master planned park totaling over 1,000,000 square feet of Class A distribution space upon completion
• Experienced industrial developer – over 50 million square feet developed in Southeast U.S.
STRONG OWNERSHIPThe owner, McDonald Development Company, based in Atlanta, GA, is a major southeast industrial developer with active projects in Georgia, Florida, and Virginia. Since 1988, McDonald has developed more than 50 million square feet of real estate with a current value of $2 billion for its investors, clients, and tenants. Presently the company owns land for an additional 9 million square feet of space to be developed (including 2.5 million square feet in Hampton Roads).
Experienced industrial developer – over 50 million square feet developed in Southeast U.S.
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Building Description
Building: Virginia Commerce Center 200
Address: 301 Kenyon Road, Suffolk, VA 23434
Access: Kenyon Road is located off Holland Road (U.S. 58) 2 miles east of its intersection with U.S. 58 Bypass, which provides direct access to I-64/I-664/I-264 and all of the Hampton Roads area.
Architect: Smallwood, Reynolds, Stewart, Stewart & Associates, Inc.
Building Type: Front Load with future rail service at rear
Site Size: 22.98 acres
Building Size: 345,748 square feet
Ceiling Height: 32’ minimum clear
Column Spacing: 52’ wide x 52’ deep, 52’ wide x 60’ deep at dock bay and rail bay
Dimensions: 1248’ wide x 276’ deep
Construction: Architectural painted tilt-up concrete panels with glass and aluminum store front
Rail Service: Served by CSX Railroad (future)
Parking Spaces: 196 car spaces; including handicapped spaces
Truck Court: 140’ deep truck court
Dock Doors: Eighty (80) 9’ x 10’ dock-high doors and two (2) 12’ x 14’ ramped doors
Rail Dock Doors: Twenty four (24) 12’ x 12’ rail service doors (future)
Truck Parking: Additional trailer parking is available on the 400 site
Roof: 45 mil, TPO single-ply membrane mechanically fastened roof, R-20 rigid insulation
Floor Slab: 6” thick 4000 PSI concrete
Fire Protection: ESFR system
HVAC: Heating in the warehouse is to be furnished by roof-top mounted Cambridge Direct Fire 99S heaters in order to maintain 50ºF with 32ºF outside air temperature; Office HVAC served by individual roof-mounted package units.
Electrical Service: 277/480 volts, three phase, four wire service
200 SITE
400 SITE BUILDING 100KENYON ROAD
CSX RAIL
PRIVATE ACCESS DRIVE
4
The Site
Building Type: Front-LoadBuilding Size: 345,748 sq. ft. Construction: Architectural Tilt-up ConcreteCeiling Height: 32' clear Column Spacing: 52' x 52’
60' D at dock and rear baysDock Doors: (76) 9' x 10'
(2) 12' x 14' ramped doors
(24) 12' x 12' rail doors
McDonald Development Company
Virginia Commerce Center
Building 200
CSX TRANSPORTATION
Parking Spaces: 196 spaces Truck Court: 140' deep Sprinkler: ESFR System
704.378.8757525 N. Tryon StreetSuite 1600 Charlotte, NC 28202
Rail Service: Served byCSX Railroad (future)
143
PARKIN
G SPA
CES
53 P
ARKING S
PACES
140’
TRUCK COURT
FUTURE RAIL SIDING
KENYO
N ROAD
60’
60’
52’
2001,248’27
6’
TYPICAL COLUMN SPACING
52’
(Mid-Atlantic)
McDonald Development Company
Virginia Commerce Center
Virginia Comm
erce Center
Building 100200 Site
400 Site
200 SITE
Aerial
4
The Site
5
Prime Location
5
DRIVING DISTANCES:
Port of Virginia Terminals:
1Virginia International Gateway (VIG)
24.6 mi
2Portsmouth Marine Terminals (PMT)
26.3 mi
3Norfolk International Terminals (NIT)
36.1 mi
4Newport News Marine Terminal (NNMT)
31.4 mi
Highways:
5 US 460 4.2 mi
6I-95 via Route 58 - Emporia, VA
78.6 mi
-I-85 via Route 58 - South Hill, VA
116.0 miBuilding Type:
Front-Load
Building Size:
345,748 sq. ft
.
Constructio
n:
Architectural T
ilt-up Concrete
Ceiling Height:
32' clear
Column Spacing:52' x 52’
60' D at d
ock and rear b
ays
Dock Doors:
(76) 9' x 10'
(2) 12' x 14' ra
mped doors
(24) 12' x 12' ra
il doors
McDonald Development Company
Virginia Commerce Center
Building 200
CSX TRANSPORTATION
Parking Spaces:196 sp
aces
Truck Court:
140' deep
Sprinkler:
ESFR System
704.378.8757
525 N. Tryon Stre
et
Suite 1600
Charlotte
, NC 28202
Rail Service:
Served by
CSX Railroad (fu
ture)
143
PARK
ING
SPA
CES
53 P
ARK
ING
SPA
CES
140’
TRUCK COURT
FUTURE RAIL SIDING
KEN
YON
RO
AD
60’
60’
52’ 200
1,248’
276’
TYPICAL COLUMN SPACING
52’
(Mid-A
tlantic
)
1
2
3
4
5
6
7
NORFOLK SOUTHERN RAIL
NORF
OLK
SOUTHERN RAIL
CSX RAIL
CSX RAIL CSX RAIL
VIRGINIACOMMERCE CENTER
7
Building Type:
Front-Load
Building Size:
345,748 sq. ft
.
Constructio
n:
Architectural T
ilt-up Concrete
Ceiling Height:
32' clear
Column Spacing:52' x 52’
60' D at d
ock and rear b
ays
Dock Doors:
(76) 9' x 10'
(2) 12' x 14' ra
mped doors
(24) 12' x 12' ra
il doors
McDonald Development Company
Virginia Commerce Center
Building 200
CSX TRANSPORTATION
Parking Spaces:196 sp
aces
Truck Court:
140' deep
Sprinkler:
ESFR System
704.378.8757
525 N. Tryon Stre
et
Suite 1600
Charlotte
, NC 28202
Rail Service:
Served by
CSX Railroad (fu
ture)
143
PARK
ING
SPA
CES
53 P
ARK
ING
SPA
CES
140’
TRUCK COURT
FUTURE RAIL SIDING
KEN
YON
RO
AD
60’
60’
52’ 200
1,248’
276’
TYPICAL COLUMN SPACING
52’
(Mid-A
tlantic
)
The Area
8
The Region NEWPORT NEWSMARINE TERMINAL
PORTSMOUTH MARINE TERMINAL
VIRGINIA INTERNATIONAL GATEWAY
NORFOLK INTERNATIONALTERMINALS
NORFOLK INTERNATIONAL
AIRPORT
VIRGINIACOMMERCE CENTER
8
Building Type:
Front-Load
Building Size:
345,748 sq. ft
.
Constructio
n:
Architectural T
ilt-up Concrete
Ceiling Height:
32' clear
Column Spacing:52' x 52’
60' D at d
ock and rear b
ays
Dock Doors:
(76) 9' x 10'
(2) 12' x 14' ra
mped doors
(24) 12' x 12' ra
il doors
McDonald Development Company
Virginia Commerce Center
Building 200
CSX TRANSPORTATION
Parking Spaces:196 sp
aces
Truck Court:
140' deep
Sprinkler:
ESFR System
704.378.8757
525 N. Tryon Stre
et
Suite 1600
Charlotte
, NC 28202
Rail Service:
Served by
CSX Railroad (fu
ture)
143
PARK
ING
SPA
CES
53 P
ARK
ING
SPA
CES
140’
TRUCK COURT
FUTURE RAIL SIDING
KEN
YON
RO
AD
60’
60’
52’ 200
1,248’
276’
TYPICAL COLUMN SPACING
52’
(Mid-A
tlantic
)
DRIVING DISTANCES:
Port of Virginia Terminals:
Virginia International Gateway (VIG)
24.6 miles
Portsmouth Marine Terminals (PMT)
26.3 miles
Norfolk International Terminals (NIT)
36.1 miles
Newport News Marine Terminal (NNMT)
31.4 miles
Highways:
I-64 / I-664 11.7 miles / 14 minutes
I-664 / I-264 9.2 miles / 15 minutes
9
Hampton Roads
The Hampton Roads region is the second-largest market between Washington, D.C. and Atlanta. Localities in the region include Norfolk, Suffolk, Virginia Beach, Chesapeake, Hampton, Newport News and Williamsburg. Hampton Roads features one of the largest and fastest growing ports in the country, a diverse economy, and a solid military sector with major military headquarters and the world’s largest naval base. Businesses are attracted to Hampton Roads for a number of factors including a low cost of living, high quality of life, a well-educated and ample labor force and the area’s aggressive pro-business growth attitude.
Hampton Roads and the state of Virginia have repeatedly received national recognition in recent years as an excellent place to live and work, including the following accolades:
• Virginia is the northernmost right-to-work state
• Virginia Named Third Best State to Make a Living Tech Insider (2016)
• Virginia Ranked in Top Five Pro-Business States For Past 12 Years (Pollina Corporate/AEDI, 2004-2015)
• Virginia in Top Ten States for Business since 2006 Forbes (2006-2015)
• State with Second-Highest Concentration of Tech Workers as a share of the private sector workforce Cyberstates (2015)
• Top States for Entrepreneurship and Innovation U.S. Chamber of Commerce’s Enterprising States Report (2013)
• Best Overall Education System Education Week, Quality Counts (2013)
• America’s Top States for Business CNBC (2013)
• Best Business Climate Business Facilities (2013)
9All information contained herein is from sources deemed reliable; however, no reprsentation or warranty is made as to the accuracy thereof.
10
Prime Location
PLACEHOLDER FOR CONCENTRIC CIRCLE
MAP
10All information contained herein is from sources deemed reliable; however, no reprsentation or warranty is made as to the accuracy thereof.
250 MILESVirginia Commerce Center is within a two-day drive of two-
thirds of the US population.
500 MILES750 MILES1,000 MILES
1111
Incentives
STATE LEVIED TAXES
Corporate Income Tax: 6% U.S. Weighted Average: 6.25%
The corporate income tax rate in Virginia has not increased since 1972.
In Virginia, the corporate income tax is applied to federal taxable income, it functions as a deduction from federal taxes. If a corporation is engaged in multi-state activities and its income is subject to tax in Virginia and other states, it pays tax only on the portion of its income from Virginia sources. In determining this portion, income is divided into allocable and apportionable income. Apportionment is based on a formula of payroll, property, and sales that weighs the corporation’s Virginia operations against its total operations. The sales factor is double weighted.
Unemployment Insurance (Tax per Employee) U.S Average: $233 Virginia: $177
Employers must register with the Virginia Employment Commission and pay their unemployment insurance tax if they had one or more persons employed for 20 or more weeks or if they paid wages of $1,500 or more in any calendar quarter in either the current or preceding calendar year. New employers pay at a special rate for an initial period, usually 18-29 months, unless the computed rate, based on claims, exceeds the new employer rate. After the initial period, the employer’s rate is determined by its operational experience and the state’s unemployment level is reflected in the financial condition of the Unemployment Compensation Trust Fund.
Workers’ Compensation Employment Insurance Costs (per $100 of Payroll) U.S Average: $1.19 Virginia: $0.72
Since 1994, Virginia has had a partially regulated “competitive rate” or “loss costs” system to determine workers’ compensation rates. The State Corporation (SCC) approves the cost of losses for each industry classification and insurance companies determine the average overhead and profits. “Multipliers’’ to cover these expenses are filed with the SCC and are subject to periodic review. Studies by Actuarial & Technical Solutions show that Virginia has one of the lowest comparative costs of Workers’ Compensation for manufacturers in the nation.
Sales and Use Tax
The total Sales and Use Tax rate in Hampton Roads is 6% (state - 5%, locality - 1%), below the U.S. average of 6.75%.
RAIL GRANTS
The Department of Rail and Public Transportation’s Rail Division manages grant programs to implement freight and passenger rail initiatives. These funds have evolved over time and serve a specific function in the Commonwealth’s efforts to maintain a competitive rail network serving the Port of Virginia and achieve maximum truck diversion from Virginia’s highways.
Rail Industrial Access Fund
The Rail Industrial Access Program promotes truck diversion by providing grant assistance to connect new or expanding businesses to the freight railroad network. The program supports localities, businesses, or industries seeking access to a common carrier railroad. Applications are accepted throughout the year.
Rail Preservation Fund
The Rail Preservation Fund benefits the shortline railroads, which provide the “local” network and the “last mile” of service for rail freight to reach its destination. It promotes the continuation of rail service by achieving Federal Railroad Administration Class 2 track safety standards. It also promotes development of rail transportation support facilities, encouraging industrial growth and promoting truck diversion from Virginia’s highways
Rail Enhancement Fund
The Rail Enhancement Fund is a dedicated source of funding for capital improvements benefiting passenger and freight initiatives. Applications must achieve a Benefit-Cost Ratio of 1.0 or greater, meaning the value of public benefits must be greater than the public funds invested within an established time period. This fund is typically utilized by Class I railroads, the Port of Virginia, and Virginia Railway Express for major capital investments.
Intercity Passenger Rail Operating and Capital Fund
The Intercity Passenger Rail Operating and Capital (IPROC) Fund provides operational funding for four state-supported Amtrak Routes, consisting of six state-supported Amtrak trains. The Passenger Rail Investment and Improvement Act of 2008 required states with Amtrak services less than 750 miles to pay for the routes or cease operation. This fund enables the Commonwealth to continue those services. It is also the source of funds for passenger rail equipment upgrades and capital improvements.
All information contained herein is from sources deemed reliable; however, no reprsentation or warranty is made as to the accuracy thereof.
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STATE INCENTIVES
Virginia offers a variety of performance-based incentives designed to target the needs of companies considering an investment in the Commonwealth. Among these are the Governor’s Opportunity Fund (a discretionary fund available to secure a business location or expansion project) the Major Business Facility Job Credit and location-based incentives such as Foreign Trade Zones, Job Creation Grants, Real Property Investment Grants, Technology Zones and Virginia Port Tax Credits and Incentives.
FOREIGN TRADE ZONE
WHAT ACTIVITIES CAN BE DONE IN A USER DESIGNATED FOREIGN TRADE ZONE?
Merchandise in a zone can be assembled, cleaned, displayed, exhibited, manipulated, manufactured, mixed, processed, relabeled, repackaged, repaired, salvaged, sampled, stored, and tested.
WHICH LOCALITIES ARE IN FOREIGN TRADE ZONE NO. 20?
City of Chesapeake, City of Franklin, City of Hampton, City of Newport News, City of Norfolk, City of Poquoson, City of Portsmouth, City of Suffolk, City of Virginia Beach, City of Williamsburg, Accomack County, Gloucester County, Isle of Wight County, James City County, Mathews County, Northampton County, Southampton County, Sussex County, Surry County, York County, and Front Royal.
WHAT ARE THE ADVANTAGES OF LOCATING IN A FOREIGN TRADE ZONE?
• DUTY DEFERRAL/EXEMPTION: Users can avoid paying duties on imported merchandise until the goods are removed from the FTZ and enter into the U.S. commerce. Duty on machinery is deferred until it is put into production; there is no duty paid on re-exports or scrap.
• INVERTED TARIFFS/DUTY REDUCTION: FTZ zone users can pay lower duty rates on goods produced in the zone when the finished product has a lower duty rate than the imported components and parts.
Incentives
• WEEKLY ENTRIES: Zone users will benefit if they file multiple Customs and Border Protection entries each week. FTZs allow the user to file this paper work once a week at a rate no higher than $485.
• NO TIME CONSTRAINTS: Merchandise may remain in the zone indefinitely, whether or not it is subject to duty.
• CUSTOMS COMPLIANCE: Customs & Border Protection requirements and federal criminal sanctions are deterrents against theft. Cargo that is imported into FTZs have fewer incidents of loss and may result in lower insurance costs.
HOW DO USERS QUALIFY FOR FOREIGN TRADE ZONE BENEFITS?
Users must establish a site’s Foreign Trade zone eligibility. Site activation with the Port of Virginia will take about 30 days from the application date, and approval by U.S. Customs and Border Patrol will take about 90 days to obtain after activation.
For more information please contact the Virginia Port Authority.
600 World Trade Center Norfolk, VA 23510 757-683-8000 800-446-8098 www.portofvirginia.com
All information contained herein is from sources deemed reliable; however, no reprsentation or warranty is made as to the accuracy thereof.
Representative image
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200 SITE
400 SITEBUILDING 100
KENYON ROAD
PRIVATE ACCESS DRIVE
CSX RAIL
A DEVELOPMENT BY:
Jones Lang LaSalle © 2016 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
Gregg ChristoffersenAssociate [email protected]
Steve GrableSenior Vice President, [email protected]
FOR LEASING INFORMATION CONTACT:
Representative Photograph
Virginia Commerce Center near The Port of Virginia
Building 200345,748 square feet
NOW LEASINGAccess to The Port of Virginia via US-58, US-460, I-64, I-264, I-664, and I-95
Front-Load Facility
Foreign Trade Zone
Virginia Commerce Center is a 101-acre master-planned park near The Port of Virginia. Building 200 is a 345,748 square foot front-load, rail served facility and the second of three buildings in the development. At completion the development will total over 1,000,000 square feet of Class A distribution space.
For leasing information contact:
etihW .A [email protected]
704.378.8757
Keny
on
Rd.
Indian Trail
CSX Railroad