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News release


JLL Sells Former Truck Terminal Property in Manassas, VA for $3.9M

Large land parcels deliver a premium for sellers

​MANASSAS, VA, DECEMBER 15, 2014 – JLL announced today that CalEast Nat, LLC, a partnership controlled by CenterPoint Properties, has sold its 15,850-square-foot former truck terminal at 10380 Central Park Drive in Manassas, VA, for $3.9 million.

JLL Senior Vice President John Dettleff represented the seller in this transaction. The buyer, 9459 Contractors Court, LLC, was represented by J. Carter Wiley of The Wiley Companies.

JLL marketed the seven-acre property to last mile distribution occupiers and local industrial occupiers. Ultimately, the property sold to a waste disposal company seeking a large, paved area for parking and staging. 

“The high valuation of the property is derived from its high land-to-building ratio,” said Dettleff. “Inside or outside the Beltway, properties with ample land area for parking, staging or outside storage will command a premium.”

Located near Interstate 66, the fully-fenced property features parking for 60 cars, 40 53-foot trailers, and offers 50 loading dock doors.

About CenterPoint Properties
CenterPoint, an entity of CalEast Global Logistics, LLC, is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The company invests in major coastal and inland port logistics markets anchoring North America's principal freight lanes. For more than 20 years, CenterPoint has added value to its customers through forward-thinking solutions aimed at enhancing supply chain and operating efficiencies.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $53.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit