(To read more on the industrial market, click here.)

MANASSAS, VA-First Industrial Realty Trust Inc. has acquired a 50-acre parcel of land here and plans to build an industrial park on the site. Fairfax-based Chalmers Property Co. sold the property for an undisclosed price.

Situated near the intersection of Route 66 and Route 234 on Balls Ford Road, Chalmers dubbed it Liberty Business Park. First Industrial has renamed it FirstPark Manassas with plans to develop it into a master-planned business community.

FirstPark Manassas can support approximately ten flex and warehouse buildings ranging in size from 30,000 sf to more than 200,000 sf. Phase one, which will break ground this quarter, includes three industrial buildings consisting of 30,000 sf, 34,000 sf and 57,600 sf. These buildings are being built on spec, a spokesman tells GlobeSt.com, and are expected to deliver at the end of the year. The construction cost for phase one was not released.

“We have the flexibility to lease or sell select buildings in the park, and we anticipate several multi-tenanted facilities with units as small as 4,000 sf,” says Mark McConnell, managing director of First Industrial, in a statement.

“We are also studying the prospects of converting one or more of the buildings into a condominium project to appeal to the local entrepreneur, but will allow the market to dictate this need.” First Industrial is also willing to consider build-to-suit projects for tenants or buyers, the company says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.