Matan Companies Delivers Northlake II Fully Leased

7 February 2024

Matan Companies announced today it has delivered and fully leased the first three buildings at Northlake II in Ashland, Virginia, totaling 345,000 square feet of industrial space. Tenants in Phase One include Ferguson, Chadwell Supply, Envoy Solutions, and Haskell Hardware. Construction of Phase Two will commence in the Summer of 2024 with expected completion at the end of 2025 for the final approximately 200,000 square foot industrial building.

“We could not be more pleased with the success of Northlake II,” stated JP Matan, Director of Leasing, Matan Companies. “The Richmond market continues to exceed our expectations and we are excited to break ground on the final phase of the development.”

“We continue to see strong demand from industrial tenants seeking modern, high quality warehouse space” said Gareth Jones, Managing Director, JLL. “Northlake II’s strategic location in Hanover County along the I-95 corridor provides a strong labor pool and easy access throughout the Richmond region and to nearby markets across the Mid-Atlantic.”

JLL’s Gareth Jones, Chris Avellana and Charlie Polk handle the leasing for Matan at Northlake II.