A major logistics company has secured a lease for the 219,456-square-foot Crossroads Industrial property in Stafford, Virginia, strategically located 48 miles from Washington, D.C., to enhance its supply chain capacity in the Mid-Atlantic region. Meanwhile, Matan Companies is developing a 250,000-square-foot Venture Industrial facility as part of its over seven million square feet portfolio.
Logistics Company Secures Major Lease in Northern Virginia
In a significant development for the logistics industry in Northern Virginia, a major logistics company has secured a lease for a large property in Stafford County. This move is set to enhance the company's supply chain capabilities across the Mid-Atlantic region.
Lease Details and Location
The logistics company has finalized a lease agreement for a 219,456-square-foot property known as Crossroads Industrial. This facility is strategically located at 1045 Richmond Highway in Stafford, Virginia. Positioned adjacent to Interstate 95, the site is approximately 48 miles from Washington, D.C., providing convenient access to major transportation routes.
Supply Chain Capacity Enhancement
The acquisition of the Crossroads Industrial facility is expected to significantly boost the supply chain capacity in the Mid-Atlantic area. The logistics company aims to leverage this facility's strategic location to streamline operations and improve distribution efficiency. The proximity to Interstate 95 is particularly advantageous for facilitating swift transportation and logistics operations.
Future Developments by Matan Companies
In addition to the current lease, Matan Companies is actively involved in developing a new project named Venture Industrial. This upcoming facility will span 250,000 square feet. The development is part of Matan Companies' expansive portfolio, which exceeds seven million square feet of industrial and commercial real estate.
Washington Highway Logistics Center Plans
Further expanding their logistics footprint, plans are underway for a 1.4 million-square-foot distribution center located at the Washington Highway Logistics Center in Glen Allen, Virginia. This center, currently totaling 400,500 square feet, is expected to play a pivotal role in supporting the logistics operations in the region.
The strategic expansion into Northern Virginia highlights the logistics company's commitment to enhancing its supply chain capabilities and meeting the growing demand for efficient distribution solutions in the Mid-Atlantic region.