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Communications Test Design, Inc. Leases 72,558 Sf in Chesapeake, VA

For Immediate Release
Contact: Susan Childress 757.282.6505
SL Nusbaum X Team

Norfolk, VA - (August, 2011) - S. L. Nusbaum Realty Co. is pleased to announce the leasing of 72,558 square feet of distribution space located in the Indian River Distribution Center at 2601 Indian River Road in Chesapeake, VA to Communications Test Design, Inc. (CTDI). Stephanie Sanker, CCIM, SIOR, Vice President, represented the tenant, along with Jackson Cross Partners, LLC.

CTDI is a global engineering, repair and logistics company which was founded by the Parsons family in 1975. Today, CTDI is still owned and operated by the Parsons family and is recognized as a leader in communications service industry. CTDI operates 45 global facilities located in North America, Europe, Asia and Brazil which are supported by over 5,000 employees. CTDI provides repair and logistics services to major Telecom Carriers, Cable Companies and OEMs such as; AT&T, Verizon, Sprint, Bell Canada, Deustche Telekom, Time Warner Cable, Comcast, Cox as well as Motorola, Cisco and Panasonic. Their core business is the engineering, testing and repair of communications equipment for these Fortune 500 companies.

"CTDI's decision to invest and bring jobs to Chesapeake is exciting news for our community," said Steven Wright, Director, Chesapeake Economic Development. "By choosing Chesapeake, CTDI will strengthen their distribution/logistics network and access global markets right here from Chesapeake. Once again, Chesapeake has proven that we have the right real estate, central location and available workforce to attract another great company."

CTDI plans to renovate, upgrade and configure the property. This new operation will employ approximately 50 people, with an average salary $40,000.

With over 112 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping center projects, apartment communities, office and industrial properties throughout the Mid-Atlantic.