Matan Companies Purchases 10-acre Industrial Site in Dulles, Virginia
26 September 2016
Matan Companies has purchased a 10-acre industrial site on Maries Road in Dulles, Virginia for the development of a new Class A industrial complex called Dulles North Industrial Park. The Frederick based developer will immediately commence construction on a 154,125-square-foot Class A industrial building that will deliver late in 2017.
Located along the northern edge of the Dulles Corridor, Dulles North Industrial Park will have greater proximity than any other industrial property to key residential and mixed-use developments such as Dulles Town Center, Commonwealth Center, One Loudoun and Ashburn. The building will feature 30’ clear ceiling heights, ESFR sprinklers and a neutral palate façade with stone accents.
“Matan is an experienced and highly respected developer with a very impressive track record of industrial development,” said John Dettleff, Senior Vice President at JLL. “They are delivering a superior industrial project in the Dulles Corridor’s true ‘last mile distribution’ location.”
“In addition to Dulles North Industrial Park’s industrial viability, the property is also an ideal data center site,” added Dettleff. “The property sits on top of seven unique fiber lines and it is adjacent to four data centers, including Cyrus One and Digital Realty Trust.”
Northern Virginia has natural advantages in the data center market. The relative affordability of electricity, existing fiber infrastructure and its location, which is both relatively protected from natural hazards and convenient to centers of government and monetary policy, make it ideal for companies looking for cloud capacity.
John Dettleff and Dan Costs of JLL represented Matan Companies in the purchase of the site and they are leasing Dulles North Industrial Park on behalf of Matan Companies.