JLL arranges sale of logistics portfolio near Port of Virginia

WASHINGTON, D.C., June 16, 2026 – JLL Capital Markets announced today the sale of the Port of Virginia Shallow-Bay Portfolio, a four-building industrial portfolio totaling 655,852 square feet in Hampton Roads, Virginia.

JLL represented the seller, an affiliate of Equus Capital Partners, Ltd., in the transaction. NorthPoint Development acquired the asset.

The portfolio comprises Class A distribution facilities at 6900, 6920 and 6950 Harbour View Blvd. in Suffolk and 2601 Indian River Rd. in Chesapeake. Built between 2005 and 2012, the properties feature 28-foot clear heights, concrete tilt-wall construction and modern specifications including rear-load and side-load configurations with 134 dock-high doors and six drive-in doors across the portfolio. The assets are currently 82% leased to 10 national and regional tenants representing diverse industries including transportation, distribution, technology and third-party logistics.

The portfolio benefits from exceptional connectivity to the Port of Virginia terminals, with the Harbour View assets located less than two miles from Interstate 664 and the Indian River asset positioned less than four miles from Interstate 64. This strategic positioning provides direct access to Virginia International Gateway and other port terminals, enabling efficient distribution to more than 50% of the U.S. population within a one-day drive. The Hampton Roads industrial market, with more than 84 million square feet of inventory, has experienced significant growth driven by substantial port investments and regional infrastructure improvements.

The JLL Capital Markets team was led by Senior Managing Director Bill Prutting, Managing Director Chris Dale, Senior Director Craig Childs, Director Ginna Wallace and Associate Andrew Baquero.

"The transaction generated exceptional institutional interest driven by the scarcity of well-positioned shallow-bay portfolios with direct proximity to the Port of Virginia," said Prutting. "Hampton Roads continues to attract significant capital as investors recognize the market's strategic importance and strong long-term fundamentals supported by ongoing infrastructure investments."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Equus Capital Partners is a national real estate investment manager and developer with over 40 years of investment experience. Equus’ diversified portfolio consists of industrial, multi-family, and office properties located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Marina Del Rey, Scottsdale, Washington D.C., Atlanta, Raleigh-Durham, and South Florida.

Established in 2012, NorthPoint Development is a privately held real estate operating company specializing in developing, acquiring, leasing, and managing Class A industrial, data center, and multi-family properties. We invest alongside our partners through various fund and venture structures to develop industrial and multi-family assets. We differentiate ourselves with a data-driven approach to site acquisitions and a high level of technical expertise in engineering, architecture, and construction. We’ve owned and managed over 160 million square feet of industrial space. It’s estimated that our developments have created more than 111,000 jobs and supported more than 440 industrial clients across the United States. We continue to operate with an entrepreneurial spirit guided by our Core Values, enabling us to deliver exceptional results for our team members, clients, and communities. For more information, visit www.beyondthecontract.com, or contact media@northpointkc.com