The former Ford Motor Company property. Photo courtesy of Colliers International
The former home of a Ford Motor Company plant has sold off another parcel.
Eastern Branch Holdings LLC bought for $2.6 million a 27-acre parcel on Ford Drive in Norfolk, Ken Benassi of Colliers International says. Benassi, who represented Eastern Branch Holdings in the sale, says the firm is an affiliate of the maritime construction company Seaward Marine Corp.
Seaward Marine plans to set-up operations on the Ford Drive property, Benassi says. The Chesapeake company did not immediately respond to a request for comment on its plans.
Benassi says Eastern Branch Holdings has subdivided 10 acres of the 27-acre parcel it bought and sold it to an affiliate of Katoen Natie (KTN), which adds to the existing holdings of the logistics company at the former Ford site.
