Matan Settles on Purchase of 47.5-Acre Development Site in Manassas, VA
9 September 2021
Matan Companies announced today the closing of the purchase of 11501 University Boulevard, Manassas, VA, a 47.5-acre property situated in the heart of Prince William County’s I-66 corridor. Located near the FBI Headquarters and just off Prince William Parkway, the site offers a supreme location. Positioned in the Data Center Overlay District with M-1 zoning, the buildings offer options to the widest array of users from data center to biotech and all forms of industrial uses as well.
Branded as “Redstone Industrial”, Matan Companies plans to speculatively develop four Class A industrial buildings totaling 462,000 square feet. The buildings will feature minimum 32’ clear ceiling heights, tilt-up concrete construction, 50’ x 52’ column spacing, 60’ speed bays, 120’ truck courts, along with LED lighting and ESFR sprinkler systems. Matan anticipates delivering the shell buildings in the first quarter of 2023. Tenant improvements could commence as soon as fourth quarter of 2022.
“With a successful initial foray into the Manassas market with Parkway 66 on Cushing Road, we are excited to keep that momentum going as we finalize our approvals and look to begin construction at the beginning of the 2nd quarter of 2022 at Redstone,” said Jamie Minkler, Director of Acquisitions for the Matan Companies. “In the three years since we started our journey in Prince William County a lot has changed of course, but the industrial demand and outlook has remained steady. We are very excited about this trend in Manassas, and all throughout the region, as we expand our footprint.”