NEWPORT NEWS, Va. — An affiliate of Milwaukee-based Phoenix Investors has acquired a 378,331-square-foot industrial property at 615 Bland Boulevard in Newport News, the firm announced Sept. 29. The former manufacturing plant, once operated by Continental's Vitesco Technologies division, sits on approximately 27.4 acres next to Newport News/Williamsburg International Airport. The price and seller were not disclosed.
Originally constructed in 1971, the building has 16,000 amps of 277/480-volt three-phase power, ten dock doors, three drive-in doors and 493 parking spaces. Phoenix plans to reposition it for manufacturing and light industrial users, and no tenant is named. The release lists Newmark's Grant Bates as the sale broker without saying which side he represented. The release does not describe new jobs or new spending.
ON THE RADAR: DEAL
Buyer: Phoenix Investors (affiliate)
Seller: Not named
Property: 615 Bland Boulevard, Newport News, Va.; 378,331 sq ft on approximately 27.4 acres
Price: Not disclosed
Broker: Newmark (Grant Bates; side not stated)
Type: Property sale (investor)
Announced: Sept. 29, 2026