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BBDA approves sale of 9‑acre Corporate Landing parcel to Global Links at $200,000 per acre

Virginia Beach Development Authority · August 12, 2026
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Summary

The board approved the sale of about 9 acres in Corporate Landing to Global Links at $200,000 per acre for an 85,000‑square‑foot collocation facility; staff said the company plans about $65 million in investment and local jobs tied to the project.

The authority approved the sale of roughly 9 acres in Corporate Landing to Global Links at a price of $200,000 per acre for development of an approximately 85,000‑square‑foot facility intended to expand cable‑landing and collocation capacity. Staff reported the company expects to invest about $65 million and described permanent and construction employment associated with the project; commissioners asked for an appraisal and discussed reappraisal timing for remaining large parcels before marketing.

Staff said the parcel sale is tied to a due‑diligence period and a three‑year construction commencement window; board members asked staff to appraise the land before marketing and to confirm timelines. The motion to approve the sale passed by voice vote.