VT Milcom Inc. to Consolidate Operations in Virginia Beach

Tuesday, January 20, 2015

VT Milcom, Inc., a subsidiary of VT Group, will consolidate several existing locations in Hampton Roads to 2505 International Parkway in Virginia Beach. The company will maintain its regional headquarters at 529 Viking Drive in Virginia Beach.  

The new location will merge two locations in Chesapeake and one at 2700 Avenger Drive in Virginia Beach. The International Parkway facility was purchased by 2505 International LLC as an investment, and VT Milcom, Inc. will be the exclusive tenant.

 

The 14-acre site has an 89,445-square-foot industrial building, and the land can accommodate an additional 180,000-square-foot expansion. VT Milcom, Inc. plans to complete the consolidation in February.

 

“VT Milcom occupies a major position in the global market,” said Warren D. Harris, director of Virginia Beach Economic Development. “The growth of their information technology presence in Virginia Beach creates excellent job opportunities for our citizens.”

 

VT Group delivers technology and business solutions to government and commercial customers. The company has multiple business units—VT Services and subsidiaries VT Milcom, VT Aepco and VT Griffin. VT Group operations span more than 80 locations throughout the world.

 

VT Milcom Inc. is VT Group’s premier emerging technology integrator, specializing in turnkey engineering design and technical services for advanced electronics and communications systems worldwide. The company is a recognized leader in design and implementation of technology solutions such as passive optical networking, audio visual and digital media, security and surveillance, wireless technologies and nurse call systems.

 

VT Milcom, Inc. is an experienced Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance (C4ISR) Alteration Installation Team (AIT) contractor for the U.S. Navy, and it has earned the reputation as the premier implementer of fleet C4ISR, submarine communications and shore-based C4IT systems.

 

John M. Lee of John Lee and Associates, represented the buyer, and Lang Williams of CBRE | Hampton Roads, represented the tenant in this transaction. The seller was represented by Tony Weiss, Patrick L. Mumey and Geoff Poston of Cushman & Wakefield-Thalhimer.

 

The Virginia Beach Development Authority has awarded an APZ-1 Economic Development Investment Program grant in the amount of $110,000 based on the capital investment of $6,527,000 in the property, improvements and machinery and tools.  

 

The YesOceana program was established in response to the Base Realignment and Closure Commission’s recommendation to close NAS Oceana in 2005. The innovative program moves nonconforming businesses out of APZ-1 and recruits businesses that meet zoning and conformity specifications into the area. It is the only program of its kind in the country, and YesOceana now serves as a model for other localities facing problems with encroachment around air installations.

 

About the Virginia Beach Department of Economic Development

The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international businesses to stimulate capital investment and create jobs. Virginia Beach is the most populous city in Virginia with a population of 440,000, and it is the 37th largest in the United States. It is recognized as one of the Best Run Cities in America by 24/7 Wall St. The Department of Economic Development received re-accreditation through the International Economic Development Council in 2012 and is one of only 29 economic development organizations in the world to have this recognition. It is listed among the Top Five Overall Mid-sized American Cities of the Future, Top 10 for Economic Potential and Top Five for Infrastructure by fDi Magazine. CNNMoney.com ranked Virginia Beach as the Easiest Place to Start a Business and the 2nd Most Business-Friendly City in the country. For more information, visit www.yesvirginiabeach.com.

 

 

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