Thursday, July 30, 2015

HFF arranges sale of Class A industrial center in suburban Washington, DC


Springfield Newington Industrial Center, Lorton, VA

Bruce Strasburg
WASHINGTON, DC, July 30, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged the sale of Springfield Newington Industrial Center, a 106,945-square-foot, 100-percent-leased, newly-renovated, Class A industrial warehouse center in the Washington, D.C. suburb of Lorton, Virginia. 

HFF marketed the property on behalf of the seller, Bristol Capital Corporation.  Stockbridge Capital Group, LLC purchased the asset.   

Situated on 6.02 acres at 8424-8444 Terminal Road, Springfield Newington Industrial Center offers direct proximity to Interstate 95, which is less than one mile away, and to Fort Belvoir, which is less than four miles away. 

Michael Stuart
The one-story building features 24’ to 26’ clear heights, cross-dock loading, I-95 visibility and privatized outdoor storage capability.  The property is 100 percent leased to three investment grade tenants including the General Services Administration and Associated Materials.

 In 2015, the property underwent an extensive exterior restoration that included a new building façade and roof.

The HFF investment sales team representing the seller was led by senior managing director Bruce Strasburg and associate director Michael Stuart.

“Springfield Newington Industrial Center is a rare opportunity to acquire an institutional quality, Northern Virginia warehouse facility that is fully leased to an investment grade tenant roster,” Stuart said.  

“The property is one of the most attractive and efficient industrial options in the I-95 Corridor and is poised to benefit from future growth in the greater Fort Belvoir area.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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