Three Oaks Industrial Park
Development Opportunity

Rated No. 1 Tier Five Site in Virginia by VEDP

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Learn about business services

When products can be
shipped by sea, land, air or rail,
productivity is limitless.

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Learn about workforce incentives
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Every year, 30,000 college graduates
and military service members
align industry for the future.

View Data Mapping in Chespapeake
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With 6,500 sprawling acres of
undeveloped industrial land,
business grows well here.

OUR PROMISE

The Business Attraction Team is dedicated to the recruitment of high quality businesses that will bring jobs and investment back to the City of Chesapeake, while partnering with other state and regional organizations such as Hampton Roads Economic Development Alliance (HREDA) and Virginia Economic Development Partnership (VEDP).

CHESAPEAKE, VA.

Chesapeake is a dynamic community powered by its talented workforce, strategic location and viable resources. Simply put, it’s a great place to do business. Whether you’re an international corporation establishing a U.S. headquarters or a local startup growing your practice, Chesapeake has something for everyone. Your success awaits in Chesapeake. Let’s do business.

WHAT MAKES US SO GREAT

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Location

A convenient location within 750 miles of two-thirds of the nation’s population and industrial production.

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Transportation

A regional transportation hub comprised of highways, rail service, international air service, and one of the most important commercial shipping ports worldwide.

The Earth

International Business

A diverse business economy with companies from 19 different nations.

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Workforce

A motivated, capable workforce replenished each year by approximately 30,000 exiting military service members and graduating college students.

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Diverse Industries

A thriving network of manufacturing, retail, technical and professional services.

RECENT NEWS & EVENTS

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COMMERCIAL REAL ESTATE

Chesapeake is one of the fastest growing cities in the state of Virginia. With 353 square miles of land area, there are many real estate opportunities available to meet the needs of any business, retailer or corporation.

Chesapeake offers:

  • Nearly 6,500 acres zoned industrial
  • More than 18 million square feet of constructed office and industrial space
  • Twelve major industrial and commercial areas including established parks
  • More than 6 million square feet of retail space with two regional malls

REAL ESTATE MARKET SNAPSHOT

Property Type Total Sq. Ft. Vacant Sq. Ft. % Vacant Avg. Rental Rates Per Sq. Ft.
General Industrial 17,918,895 367,206 2.0% $6.49
Retail 14,466,330 787,104 5.4% $14.25
Office 5,492,694 266,503 4.9% $17.06

FEATURED PROPERTIES

FEATURED PROPERTY

Three Oaks Industrial Park

As Virginia’s third largest city, Chesapeake, VA, Offers many opportunities to meet your business needs. The city has nearly 6,500-zoned industrial acres, more than 11 million square feet of constructed office and industrial space with 12 major industrial and commercial areas including established business parks.

  • AVAILABLE FOR DEVELOPMENT: Three Oaks Industrial Park
  • TOTAL SIZE: 90 Acres
  • LOCALITY: Chesapeake, VA
  • SITE OWNERSHIP: Public
  • ZONING: M1-Light Industrial
  • DISTANCE TO CLOSEST INTERSTATE/HIGHWAY: Three miles for I-64 (Connects from Chesapeake, Virginia to Eastern Missouri)

CONTACT US TODAY TO BRING YOUR BUSINESS TO THREE OAKS

TOP EMPLOYERS

Visit the Canon website
Visit the Capital One website
Visit the Chesapeake Regional Healthcare Website
Visit COX Communication website
Visit the Dollar Tree website
Visit Flowserve website
Visit Oceaneering website
Visit QVC website
Visit Sentara website
Visit USAA website
Visit YMCA of South Hampton Roads website

CHESAPEAKE BY THE NUMBERS

249,126

Total Population

28

Minutes from the Port

351

Square Miles

2,680

New Jobs Created in 2020

124,705

Total Labor Force

COST OF LIVING

Chesapeake offers superb community amenities at a reasonable cost. With excellent education opportunities, plenty of outdoor recreational activities, and friendly citizens, you’ll discover that Chesapeake is the right home for you.

THE LABOR FORCE

Since 2003, Chesapeake’s employment growth rate has been among the Top 50 nationally. The total number of employers has increased by more than double the national average. The number of workers has increased by more than 12 percent, and total wages have tripled the national average.

Chesapeake offers diverse skill sets, advanced training, and education. Chesapeake Economic Development, along with other local and regional partners throughout the state, work closely with Virginia’s Workforce Development System to provide ongoing training, education and development resources to companies located here. Through state, regional and local efforts, Virginia has cultivated one of the nation’s most diverse and well-trained workforces.

THE STATS

The City of Chesapeake’s Unemployment Rate is 4.1%

  • Compared to the National rate (4.4%) and Virginia (3.8%) 

Chesapeake’s local labor force is augmented annually by:

  • More than 17,000 exiting military personnel) 
  • 40,000 military spouses 
  • More than 8,500 graduating college students 

Source: BLS, August 2017

VIRGINIA JOBS INVESTMENT PROGRAM

Chesapeake and the state of Virginia are committed to helping companies onset training and recruitment expenses. The Virginia Jobs Investment Program (VJIP) is a discretionary program that provides funding to companies creating new jobs or experiencing technological change to reduce the human resource development costs for new companies, expanding companies, and companies retraining their employees.

TRANSPORTATION

Chesapeake’s location is within 750 miles of two-thirds of the nation’s population and industrial production. The city’s regional transportation hub consists of major west, north and south interstate highways, extensive rail service and 120 miles of commercial waterfront with 12 miles of deep draft channels.

Chesapeake offers:

  • 3 Airports in the Community
  • Plentiful Rail Access
  • 24 Minute Average Commute Travel Time
  • 28 Minutes away from the Port of Virginia
  • Major Interstate Connections
Port of Virginia

PORT OF VIRGINIA

One of the most successful commercial shipping ports worldwide linking to more than 250 ports in over 100 overseas locations. Quick Facts:

  • 50-foot channels & berths
  • 2.5 hours to open sea
  • Zero air draft restrictions
  • Only East Coast Port with Congressional authorization for 55-foot depth channels
Rail

RAIL

  • Rail service provided by Norfolk-Southern Corporation and CSX Corporation
  • Connections offered via the Norfolk and Portsmouth Beltline
Airport

AIRPORT

  • Norfolk International Airport is only 20 minutes away, offering more than 250 daily flights
  • Chesapeake Regional and Hampton Roads Airports provide corporate flight service
Ground

GROUND

  • Typical commute to work is only 21.6 minutes
  • Highway 64 originates in Chesapeake; the City is also served by Interstates I-264, I-464, and I-664
  • U.S. Route 58 connects Chesapeake to the principal North/South highways on the East Coast: I-95 and I-85
  • U.S. Route 13 connects the city to Virginia’s Eastern Shore
  • The Chesapeake Expressway (Route 168), 16-miles, four-lane divided highway, links I-64 to North Carolina and the Outer Banks
Transit

TRANSIT

  • Transit service provided by Hampton Roads Transit with regional service throughout Hampton Roads

555 Belaire Avenue, Suite 310
Chesapeake, Virginia 23320
(757) 382-8040

© Copyright | City of Chesapeake | 555 Belaire Avenue, Suite 310 | Chesapeake, Virginia 23320
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