Industrial Development
- Off-market purchase of an 8.2-acre industrial-zoned site in Woodbridge, VA
- Site is adjacent to US Route 1, with direct access to three I-95 interchanges
- The existing vacant improvements will be torn down to make way for a 113,000 sf Class A distribution facility
- “By Right” development opportunity allows for speed to market in an accelerating industrial landscape
- Trophy industrial development at attractive project basis relative to recent sale comps
Investment Themes:
Develop infill industrial & logistics properties at a discount to recent trades, target submarkets with supply / demand imbalance