LORTON, VA—A consumer products manufacturing is taking 19,600-square feet of industrial space at 8550 Terminal Rd., along with three-acres of land. Its decision was based on the transshipment facility's "last mile" location – that is, its proximity to key transportation hubs or consumer markets. In this case 8550 Terminal Rd. is close to I-95 and the Fairfax County Parkway.
JLL Senior Vice President John Dettleff represented the landlord, Realterm NAT, a RealTerm Global Co., which purchased the property in July 2014.
But the site received interest from other parties aside from the "last mile" appeal, Dettleff said. The facility is zoned I-6, Fairfax County's heaviest industrial zoning.
The facility is also receiving interest "from industrial, government and even retail occupiers who need outside space and I-95 visibility," Dettleff said.
Another recent lease facilitated by JLL illustrated the many roles these infill industrial locations can play.
Earlier this month in Manassas, VA, a 15,850-square foot former truck terminal has traded for $3.9 million. The property was originally positioned as a last mile distribution point for industrial users. Ultimately, the property sold to a waste disposal company that was interested in the property's large, paved parking and staging area.
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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.
