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News release

WASHINGTON, DC

Matan Companies Purchases 10-acre Industrial Site in Dulles, Virginia

JLL to represent Matan Companies in leasing of new Dulles North Industrial Park


WASHINGTON, DC. September 27, 2016 – Matan Companies has purchased a 10-acre industrial site on Maries Road in Dulles, Virginia for the development of a new Class A industrial complex called Dulles North Industrial Park. The Frederick based developer will immediately commence construction on a 154,125-square-foot Class A industrial building that will deliver late in 2017.

Located along the northern edge of the Dulles Corridor, Dulles North Industrial Park will have greater proximity than any other industrial property to key residential and mixed-use developments such as Dulles Town Center, Commonwealth Center, One Loudoun and Ashburn. The building will feature 30' clear ceiling heights, ESFR sprinklers and a neutral palate façade with stone accents.

"Matan is an experienced and highly respected developer with a very impressive track record of industrial development," said John Dettleff, Senior Vice President at JLL. "They are delivering a superior industrial project in the Dulles Corridor's true 'last mile distribution' location."

"In addition to Dulles North Industrial Park's industrial viability, the property is also an ideal data center site," added Dettleff.  "The property sits on top of seven unique fiber lines and it is adjacent to four data centers, including Cyrus One and Digital Realty Trust."

Northern Virginia has natural advantages in the data center market. The relative affordability of electricity, existing fiber infrastructure and its location, which is both relatively protected from natural hazards and convenient to centers of government and monetary policy, make it ideal for companies looking for cloud capacity.

John Dettleff and Dan Costs of JLL represented Matan Companies in the purchase of the site and they are leasing Dulles North Industrial Park on behalf of Matan Companies.

About Matan Companies
Matan Companies, headquartered in Suburban Maryland, is one of the region's premier commercial real estate services and development firms. Founded over 35 years ago on the principle of providing a comprehensive, full service approach, the firm's current portfolio consists of over 6 million square feet of office/industrial assets, 3 million square feet in the development pipeline, several active residential developments, and a separate portfolio of multifamily units. The company delivers a full range of services to their real estate investors and tenants including asset and property management, leasing, and tenant services. For more information, visit www.mataninc.com

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. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 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 www.jll.com.