Morgan Stanley Acquires Harbor Commerce Center From W.M. Jordan Company For $35.7M In Hampton VA

An industrial complex located at 350 Salters Creek Road & 360 Salters Creek Road in Hampton, VA, was sold in a transaction that totaled $35,700,000. The property spans 231,000 square feet and features a price per square foot of $1,545. This complex is fully leased to Huntington Ingalls Industries, which serves as the nation's largest military shipbuilder.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $35,700,000
• Square Footage: 231,000
• Address: 350 Salters Creek Road & 360 Salters Creek Road
• Market: Hampton, VA
• Buyer: Morgan Stanley
• Seller: W.M. Jordan Company
• Broker: Will Bradley & Mark Williford - Newmark
• Price per Square Foot: $1,545

The buyer, Morgan Stanley, engaged in this transaction to acquire the Harbor Commerce Center, a strategic asset in the industrial market. The seller, W.M. Jordan Company, successfully completed the sale through the brokerage representation of Will Bradley and Mark Williford from Newmark.