Chesapeake, VA

Oceaneering International

Oceaneering International, Inc. (NYSE:OII), a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, recently expanded its presence into the City of Chesapeake. The company consolidated its engineering, manufacturing and administrative functions at a new, build-to- suit facility that was developed and built on an 18-acre site by Armada Hoffler Properties. The new facility now accommodates more than 460 jobs and allowed the creation of an additional 70 new jobs.

Armada Hoffler Properties developed and built this asset which was sold in 2015 for approximately $30 million.

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At Armada Hoffler, our goal remains the safety and well-being of our employees, their families and all of our stakeholder groups.  In response to the ongoing COVID-19 pandemic, our offices have pivoted to a phased-in approach consisting of remote work and in office work. We are working every day to remain consistent with guidelines and protocol issued by the state authorities. Implementation of contingency plans for unseen circumstances such as this, allow our employees to conduct business as usual, regardless of office location. We are committed to providing the same support to our partners and tenants as well as continued communication for our investors. We have always been dedicated to the communities around us and devoted to do our part to keep them safe. We will continue to monitor the situation as it progresses and provide updates as needed.