The requested news item does not exist. Please return to News
Featherstone Industrial Park proves a viable option for I-95 Corridor industrial occupiers
TYSONS, VA, January 23, 2018 – JLL announces today the completion of more than 165,000 square feet of new leases and renewals at Featherstone Industrial Park in Woodbridge, Virginia.
Featherstone Industrial Park is comprised of 710,000 square feet across 13 buildings and was purchased by Finmarc Management Inc. in the second quarter of 2017. Finmarc engaged JLL to accelerate leasing and marketing efforts at the park to prospective tenants. Over the past several months, the JLL team, led by Managing Director John Dettleff, has signed leases with:
Featherstone is situated minutes south of the Prince William-Fairfax County line, two miles from Interstate 95 and in close proximity to major transportation hubs throughout the Washington, DC Metro area. "According to a JLL Q3 Industrial report, the availability of industrial space in Northern Virginia is at a low of 6.8 percent, making Featherstone an ideal option for tenants," notes Dettleff.
"Tenants appreciate this kind of scale," says Dettleff. "Industrial tenants require operational consistency and the ability to grow as their business grows; therefore, they are attracted to large industrial parks with experienced, high-quality owners who understand their business needs."
Other members of JLL's leasing team for the project include Abbot Wallenborn and Dan Coats. For more information about Featherstone Industrial Park or JLL's Industrial Leasing team, visit http://www.jll.com/washington-dc/en-us/services/industries/industrial-and-logistics.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
About Finmarc Management
Finmarc Management, Inc. is a fully-integrated commercial real estate company that focuses on real estate investment, management, leasing and development of retail, industrial/flex, and office properties throughout the Mid-Atlantic region. The firm presently owns and/or manages a diverse portfolio encompassing nearly 6.6 million square feet of properties located in Maryland, Washington, D.C., Virginia, Delaware and Pennsylvania. For additional information, visit www.Finmarc.com
+1 540 454 1220