Matan Companies Breaks Ground on 220,000 SF of Spec Warehouse in Stafford County, VA

4 October 2023

Construction is underway on Matan’s new development venture in Stafford County, Virginia called Crossroads Industrial. Slated to deliver in July 2024, this 220,000-square-foot, Class A project offers ideally located industrial space with unmatched access to Interstate 95 and Route 1/Jefferson Davis Highway.

Tenants can expect 32-foot clear ceiling height, 52 by 50-foot column spacing, 64 dock doors, LED lighting, ESFR sprinklers, and a 480/277V 3-Phase power supply. Situated on 27.63 acres, Crossroads Industrial has ample parking with over 320 car and 20 trailer parking spaces, in addition to six electric vehicle charging stations.

Located at 1045 Richmond Highway in Fredericksburg, Crossroads sits midway between Washington, DC and Richmond, Virginia, minutes to Interstate 95, providing north-south connection to the entire east coast. With easy access to major thoroughfares and surrounding markets, Crossroads is an ideal location for any distribution, manufacturing, warehousing, or logistics company.

“Building speculative in the current environment is a challenge, and doing so is a real testament to our team and our relationship with M&T Bank,” said JP Matan, Director of Leasing for Matan Companies. “The fundamentals in the I-95 South Corridor remain strong and we are very encouraged by the early interest in the project.” 

“We are pleased to grow our lending relationship with Matan on this dynamic industrial development, situated between Washington, DC and Richmond, VA,” said Beth Halling, Senior Vice President for M&T Bank. “We look forward to another successful Matan project as we continue to expand our lending footprint regionally.”