Tilting of the concrete panels began in May 2020 on the Matan spec warehouse project on Cushing Road in Manassas, VA. The 13.56-acre parcel, situated in the heart of Prince William County’s I-66 corridor and the County’s Data Center Overlay District, was purchased by Matan in September 2019. Upon completion, the state-of-the-art 187,787 square foot Class A industrial building will feature 32′ clear ceiling height. It will also include 40′ x 40′ column spacing, a 50′ speed bay, and a 120′ truck court.
Delivery of the shell building is on track for completion in early September. Tenant improvements will commence as soon as June 2020.
Matan spec warehouse is strategically located directly adjacent to FedEx Ground’s 175,000 square foot distribution hub. This site offers an unparalleled location with excellent proximity to I-66 and also over 1,000 feet of frontage along Prince William Parkway.
“Developing real estate speculatively always comes with uncertainty. So keeping the process moving during the pandemic has come with added weight,” said Brad Benna of the Matan Companies. “However, we are committed to, and also confident in, the long game with Northern Virginia and the surrounding DC Metro Market and know that forging ahead is the right plan. So many essential businesses rely on the versatility that high bay industrial product like ours offers. We think the timing might just be ideal to help fulfill a critical economic and community need.”
About Matan Companies
Matan Companies has its headquarters in the Washington, D.C. suburbs. It is one of the region’s premier commercial real estate services and development firms. Founded over 40 years ago on the principle of providing a comprehensive, full-service approach, the firm’s current portfolio consists of over 6.5 million square feet of office/industrial assets, 4 million square feet in the development pipeline, several active residential developments, and also a separate portfolio of multifamily units. The company delivers a full range of services to their real estate investors and tenants. This includes asset and property management, leasing, and tenant services. For additional information about the Matan Companies, please visit www.mataninc.com.
