Railyard at Lambert's Point

Railyard at Lambert’s Point

Now leasing! Railyard at Lambert’s Point

FOR LEASE | Railyard at Lambert’s Point Hampton Boulevard at W. 25th Street | Norfolk, VA 23508

PROPERTY DESCRIPTION Railyard at Lambert’s Point is a 99,852 SF up and coming retail site located within the west Ghent submarket in Norfolk, VA. This retail development will serve neighborhoods in and beyond Larchmont, Edgewater, Park Place, Colonial Place, Ghent and West Ghent. These historical neighborhoods are home to some of the region’s highest incomes and most educated individuals.

Contact us: Ned Brooks Tyler Brooks Senior Vice President Senior Associate Colliers International +1 757 228 1829 +1 757 213 8110 150 West Main St | Suite 1100 [email protected] [email protected] Norfolk, VA 23510 P: +1 757 490 3300 F: +1 757 490 1200 Colliers International Accelerating success. 6641 W Broad St | Suite 101 | Richmond, VA P: +1 804 320 5500 F: +1 804 320 4839 FOR LEASE Railyard at Lambert’s Point // Hampton Boulevard @ W. 25th Street // Norfolk // Virginia EXECUTIVE SUMMARY

PROPERTY DESCRIPTION: The property is located south of Naval Station Norfolk, the world’s largest naval base (64,357 active duty and civilian personnel on base) and Old Dominion University (20,000 students plus the Ted Constence Convocation Center, and new larger football stadium under construction), and north of the Sentara Regional Medical Complex (thousands of employees, a children’s hospital, heart center and Eastern Virginia Medical School).

AREA INFORMATION: Located in Norfolk’s West Side, this new development will serve a trade area of 66,000 residents earning an average household income of $85,000, 47% of whom have a Bachelor’s degree or higher. It is surrounded by Universities, Medical facilities, military, numerous Arts venues, and other visitor attractions.

ADDRESS: Hampton Boulevard @ 24th, 25th & 26th Street, Norfolk, VA 23508. Signalized at 26th Street. Right in/ right out on 24th & 25th Streets.

PROJECT SIZE: 99,852 SF; includes adaptive re-use of existing buildings, as well as new construction

PARKING: 4.9 per 1,000 SF

LEASE RATE: Refer to Agent

CAM, TAXES & INSURANCE: Approximately $4.50/PSF

ZONING: C-2

DELIVERY: Fall 2019

TRAFFIC COUNTS: 38,000 VPD - Hampton Boulevard

SITE FOR LEASE Railyard at Lambert’s Point // Hampton Boulevard @ W. 25th Street // Norfolk // Virginia SITE PLAN

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations, or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2019, Colliers International. All rights reserved. FOR LEASE Railyard at Lambert’s Point // Hampton Boulevard @ W. 25th Street // Norfolk // Virginia AREA TRAFFIC GENERATORS

Area Traffic Generators

~ This is a public, co-educational research university located on 250 acres. It is classified as a Carnegie Doctoral Research (High) University whose purpose is to provide the highest quality Old Dominion University (ODU) education, while raising its stature as one of the Nation's best public research institutions. ODU's financial impact on the regional economy is nearly $2 billion annually. The school's enrollment is close to 25,000, with 1,224 faculty and 18 intercollegiate sports teams.

~ A large coal exporting facility on the south shore of the Elizabeth River. Norfolk Southern's Pier 6 Lambert's Point in the largest and fastest coal exporting facility in the northern hemisphere.

~ This is the world's largest Naval Station, supporting 78 ships (including aircraft carriers), 134 Naval Station Norfolk aircraft, 14 piers, 11 aircraft hangars, and thousands of troops. It houses the largest concentration of US Navy forces in the U.S. 64,357 active duty & civilian personnel on base.

~ As the region's first magnet hospital, Sentara Norfolk General Hospital is a 555 bed tertiary care facility, is home to the area's only Level 1 trauma center/burn unit, and has a nationally ranked Sentara Norfolk General Hospital heart program. It is ranked #2 among Virginia hospitals. There are 691 doctors and 3,978 total employees based here.

~ This 212 bed hospital is the regional pediatric referral center for southeastern Virginia, the Children's Hospital of the King's Eastern Shore, and northeast N.C. - a service area with approximately 500,000 children. This Daughters (CHKD) hospital treats children from across the U.S. and around the world.

~ This is a public-private medical school dedicated solely to graduate biomedical and health Eastern Virginia Medical School education. EVMS is known for its reproductive medicine, research in pediatrics, geriatrics, diabetes, (EVMS) and cancer. EVMS drives an annual $824 million into the local economy.

~ Norfolk is home to the Virginia Opera, the Virginia Stage Company, the Virginia Symphony, the Virginia Arts Festival, Chrysler Hall, Chrysler Museum of Arts, the Scope Arena, the Douglas The Arts MacArthur Memorial and National Maritime Museum, all of which are located in Downtown Norfolk near Ghent.

~ This 8 acre event park straddles the Elizabeth River and is the site of festivals throughout the year. Town Point Park Harborfest alone has drawn millions of visitors over the years.

~ Also known as the Norfolk Financial District, this is the home of numerous banks, hotels, convention center (coming soon), courthouses, MacArthur Mall, the Federal Building, Norfolk Downtown Norfolk Redevelopment and Housing Authority, Port Authority, Tidewater Community College, various offices, retailers and apartments (thousands of new apartments available and coming soon).

SITE FOR LEASE Railyard at Lambert’s Point // Hampton Boulevard @ W. 25th Street // Norfolk // Virginia AERIAL VIEW

SITE FOR LEASE Railyard at Lambert’s Point // Hampton Boulevard @ W. 25th Street // Norfolk // Virginia

SITE

DEMOGRAPHIC FACTS 1 Mile 3 Miles 5 Miles

Population 22,431 97,163 244,802 Contact us: Average HH Income $71,602 $73,615 $63,055 Ned Brooks Tyler Brooks Daytime Population 34,887 144,408 294,006 Senior Vice President Senior Associate +1 757 228 1829 +1 757 213 8110 [email protected] [email protected]