Virginia Tech is buying about five acres at an industrial campus off Magruder Boulevard in Hampton, where it will build a new research facility for the National Institute of Aerospace.

Virginia Tech is one of nine colleges and universities that together form the nonprofit graduate education institute. The group conducts aerospace and atmospheric research and develops new technology.

Homeowners in Hampton and surrounding areas will benefit from expansion, which will help bolster the local economy by providing jobs and injecting cash into local businesses.

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