JLL to market brand new Class A industrial project in Springfield

TYSONS, VA September 9, 2020 - JLL's Metro DC Industrial leasing team has been retained by Fundrise to lease Fundrise 395 at 6621 Electronic Drive in Springfield, Virginia. The 140,000-square foot Class A building will deliver in late 2021.

“Fundrise 395 will be a trophy last mile industrial building” stated John Dettleff, Senior Managing Director, JLL. “Situated at the intersection of Interstates 395 and 495, it’s the ‘Main and Main’ of distribution for the Metro DC region.”

Fundrise, the pioneering online real estate investment manager with over $1 billion in assets under management, purchased the two industrial buildings at 6621 and 6705 Electronic drive earlier this year and is redeveloping the property into a state-of-the-art warehouse with 32’ clear ceiling heights, over 30 loading docks and nine tractor trailer parking spaces. “This was an opportunity to transform two functionality obsolete buildings into a state-of-the-art class A distribution facility at arguably the most well located intersection in the market,” noted Brandon Jenkins, COO, Fundrise. “It represents a broader focus for us on the continued shift towards ecommerce and just-in-time delivery that we believe will provide attractive returns to our investors going forward.”

JLL’s John Dettleff, Dan Coats and Abbot Wallenborn will spearhead the leasing and marketing of the property. For more information about Fundrise 395, visit https://www.us.jll.com/en/locations/mid-atlantic.