LORTON, VA—Realterm NAT, a subsidiary of the private equity investor and developer Realterm Global, has acquired a logistics warehouse here that it says is an excellent staging area to offer "last mile delivery" services into the Washington, DC area. It has taped JLL's John Dettleff to lease the 48,000-sqaure-foot cross-dock facility, which is located on 9.11 acres of paved heavy industrial land at 8550 Terminal Rd.
The property is zoned I6 and includes a 7,000-square-foot vehicle maintenance facility. It also made the cut for Realterm NAT's criteria of investing in High Flow-Through Logistics facilities. The acquisition was made through the company's $400 million value-add Realterm Logistics Fund, L.P, which focuses on investments in logistics real estate.
“We focus on High Flow-Through facilities, which are located in and around major population centers and offer critical, high-volume, 'last mile' freight distribution transfer points," said Paul Underwood, SVP of Realterm NAT, in a prepared statement. "Our properties facilitate the efficient flow of goods to their final destination at the last stage of the supply chain."
According to Dettleff, it is rare to find this much available industrial land so close to Washington and for that reason the property is already generating interest from national logistics users and local industrial users.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
