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

MANASSAS, VA-McCollister’s Transportation Group Inc has signed a 79,500-sf long-term lease at an empty warehouse and distribution facility here. Don Mercer and Ryan Moody of the Northern Virginia office of GVA Advantis represented McCollister’s in the deal. The building’s landlord, Manassas Technology Ventures, represented itself.

McCollister’s is completely occupying the freestanding, single-story building, located at 5533 Wellington Rd. The asking rent was $8.50 per sf triple net, according to Mercer.

“This is one of the largest leases signed for industrial space in Manassas in the last six to nine months,” Mercer tells GlobeSt.com. McCollister is moving to Manassas from its Alexandria-based facilities as part of an expansion/consolidation strategy, he adds. “It moved here because of the growth in the market for its industry.”

At a 6.5% vacancy rate, the Northern Virginia industrial market is extremely healthy, according to a recent GVA Advantis report, despite that figure’s recent rise from 5.6% three months ago. The area’s total year-to-date absorption equaled 448,850 sf.

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.

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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.