Matan Companies has broken ground on two buildings at its latest Northern Virginia project, Redstone Industrial in Manassas. The project, which was originally slated for four-buildings before Matan sold the south parcel last Spring, will deliver the newest Class A industrial park to Manassas, VA. Located at 11501 University Boulevard, the approximately 20-acre development site is ideally situated in the heart of Prince William County’s I-66 corridor near the FBI Headquarters and just off Prince William Parkway. Positioned in the Data Center Overlay District with M-1 zoning, the buildings will offer options to the widest array of users, from data center to biotech and all forms of industrial and last mile uses as well.
The buildings will feature 32’ clear ceiling heights, tilt-up concrete construction, 50’ x 52’ column spacing, 60’ speed bays, 120’ truck court, along with LED lighting and ESFR sprinkler systems. Matan anticipates delivering the shell buildings in Late Summer of 2023.
“We are very happy to begin construction on these buildings at a time that we feel is optimal for the submarket. With very few options in both Loudoun and Prince William County, these buildings should supply the market exactly what it is in need of,” said Brad Benna of the Matan Companies. “Our zoning is flexible to allow for just about any use suitable for the 32’ clear product. And while there are economic headwinds out there, early leasing activity for the site has been strong as industrial demand remains strong in the very supply-constrained Washington DC Market.”
About Matan Companies
Matan Companies, headquartered in the Washington, D.C. suburbs, is one of the region’s premier commercial real estate services and development firms. Founded over 45 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 industrial/bio-life science/office assets, 16 million square feet in the development pipeline, several active residential developments, and a separate portfolio of multifamily and manufactured housing 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 additional information about the Matan Companies, please visit www.mataninc.com.