MCDONALD DEVELOPMENT SECURES MAJOR LEASE AT PORT OF VIRGINIA

NORFOLK, VA. — Long Beach, Calif.-based California Cartage Co. signed a long-term, full-building, 385,000-square-foot lease in the Virginia Commerce Center at the Port of Virginia in Norfolk. The tenant will use the space to establish a high-velocity, cross-dock deconsolidation facility to receive international seaborne cargo for a top U.S. retailer. Atlanta-based McDonald Development Co. is the building’s owner, who was internally represented in the transaction by Tracy White. California Cartage was represented by Russell Smith of Daum Commercial Real Estate Services’ Newport Beach, Va., office and Ashton Williamson of CB Richard Ellis’ Norfolk office.