Newmark Arranges $132M Sale of Northern Virginia Industrial Portfolio

Newmark has arranged the $132 million sale of the Featherstone Industrial Portfolio, a 13-building, 734,606-square-foot industrial portfolio in Woodbridge, Virginia, approximately 23 miles south of Washington, D.C.
Senior Managing Director Ben McCarty, Executive Managing Directors Cris Abramson and Will Bradley, Vice Chairman Dustin Volz and Managing Director Nick Signor represented the seller in the transaction.
The Featherstone Industrial Portfolio comprises 13 industrial buildings located in the I-95 Corridor of Northern Virginia. The portfolio was 100% occupied at the time of sale and leased to 45 tenants across a diverse range of industries.
Located less than three miles from Interstate 95 and approximately 25 miles from the Pentagon and Reagan National Airport, the portfolio benefits from direct access to the Washington metropolitan area’s population base, transportation infrastructure and labor force.
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