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Colliers Awarded Leasing and Management of City Center at Oyster Point

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By Jane Powers

Norfolk, VA, January 2023– Colliers is pleased to announce that it has been awarded leasing and management by the Murphy Property Group of nearly 600,000 sf in their nine buildings at City Center at Oyster Point. The Murphy Property Group, based out of Florida, purchased their City Center portfolio in 2021.

City Center is a 52-acre, high-density, mixed-use development zoned for 250,000 sf of Retail, 1,000,000 sf of Class A office space, and 600 residences. The MPG-owned buildings include nearly 450,000 sf of Class A office space and over 100,000 sf of retail space. City Center is poised to accommodate companies that are “back to work” and those that are focused on attracting and retaining talent on the Virginia Peninsula. A range of Class A Office suites are available, with Riverside Health System, HII, Boeing, Merrill Lynch, Ferguson, Morgan Stanley, PB Mares, Siemens, and Kaufman & Canoles as a few of the key tenants, and the Virginia Peninsula Chamber of Commerce to join soon. A range of Retail suites are also available, with the opportunity to join tenants including TASTE Unlimited, LOFT, and Strayer University.

City Center sits centrally in Newport News, proximate to Jefferson Avenue, while having easy access to I-64, the Newport News Airport, and public transportation. The new team has plans to revitalize the property with new events and activities, such as cooking classes and yoga by the fountain, while renewing events such the annual Farmers’ Market, Fall Festival, and Lights at the Fountain show.

“We have seen a trend where companies are moving to Class A mixed-use submarkets as a way to encourage employees to get back to the office,” said Perry Frazer, Executive Vice President. “‘Amenity rich’ Class A Offices are in high demand as recruiting and retention are critical to companies moving forward in 2023. City Center checks all the boxes as a vibrant, active, walkable community filled with best-in-class companies.”

Colliers’ Perry Frazer, Brian Davidson, and Robbie Berndt will handle office leasing; Harrison Hall, Peter Vick, Tyler Brooks, and Maddy Spear will handle retail leasing. Todd Willett and Jessica Poyner will lead full-service property management.

Related Experts
Todd Willett | Colliers | Richmond - North

Todd Willett

Regional Managing Director, REMS VA

Richmond - North

+1 804 267 7215
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Todd Willett is the Regional Managing Director of REMS|Virginia  and oversees and coordinates a team of real estate managers and support staff responsible for over 50  million square feet of office, flex, industrial, and retail assignments. Todd has 25 years of experience and joined the firm in 1998. Previously he was with a real estate development company for nine years where he was responsible for development, property management, accounting and administration for office buildings, medical centers and industrial properties. In addition, Todd spent three years managing residential properties in Northern Virginia and Hampton Roads. In Northern Virginia, he was responsible for 3,000 residential properties which consisted of single family homes, apartments and condominiums. In the Hampton Roads area, Todd was responsible for 500 resort homes and condominiums. Todd is a Certified Property Manager and holds a bachelor’s degree in Business Administration from Virginia Wesleyan College. He recently served as the Regional Vice President of the Institute of Real Estate Management.

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Jessica Poyner | Colliers | Norfolk - Main

Jessica Poyner

Director - Property Management

Norfolk - Main

+1 757 228 1859
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As Director of Operations for the Norfolk REMS team, Jessica focuses on pursuing new business opportunities as well streamlining and improving workflows, procedures, and strategies. She is also responsible for the management of a portfolio of  industrial and office properties across Hampton Roads. 

Jessica joined Colliers in 2016 and has been in the commercial real estate industry since 2009. She is a member of the Institute of Real Estate Management (IREM) and is the President Elect of the Hampton Roads Chapter.

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Persifor Frazer | Colliers | Norfolk - Main

Persifor Frazer

Executive Vice President

Norfolk - Main

+1 757 228 1833
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Executive Vice President and Principal, Perry Frazer has over 22 years of commercial real estate experience. Perry was named the Managing Director of the Hampton Roads office in 2014. As Managing Director, Perry manages all aspects of local business to generate and maintain maximum profitability. The emphasis is on integration of a variety of service lines for new business development and growing market share. Perry guides real estate managers, sales professionals, and the office manager in client relations, service orientation and consulting role as well as the effective and efficient operation of its office and accounts.

He has been a top ten regional producer every year since 2002 and over the past 15 years Perry has leased approximately 20 million square feet in the Hampton Roads market. Perry represents institutional Landlords in the Hampton Roads markets and has established himself as one of the leading office and flex brokers in the region. He has completed numerous large tenant representation assignments over the past five years.
 
Perry has earned the distinction as one of the leading brokers in Hampton Roads and one of the leading brokers in the entire Hampton Roads organization.

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