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| Springfield Newington Industrial Center, Lorton, VA |
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| 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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