Cooking Oil Importer Signs 100,002 SF Industrial Lease in Chesapeake, Virginia
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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CHESAPEAKE, VA. — Ciuti International LLC, a specialty cooking oil importer and packager, has signed a 100,002-square-foot industrial lease at Diamond Hill III, a facility located at 1960 Diamond Hill Road in Chesapea…
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