HFF arranges sale of Springfield Newington Industrial Center
Holliday Fenoglio Fowler (HFF) has arranged the sale of Springfield Newington Industrial Center, a 100-percent-leased, Class A industrial warehouse in Lorton.
HFF said it marketed the property on behalf of the seller, Bristol Capital Corp. Stockbridge Capital Group LLC, a real estate investment management firm based in San Francisco, purchased the property. The price was not disclosed.
Situated on six acres on Terminal Road, the industrial center offers proximity to Interstate 95, which is less than one mile away, and to Fort Belvoir, which is about four miles away.
The one-story building offers cross-dock loading and outdoor storage capability. The property is leased to three investment grade tenants including the General Services Administration and Associated Materials. In 2015, HFF said the property underwent an extensive exterior restoration that included a new building façade and roof.
The HFF investment sales team representing the seller was led by Senior Managing Director Bruce Strasburg and Associate Director Michael Stuart.
“Springfield Newington Industrial Center is a rare opportunity to acquire an institutional quality, Northern Virginia warehouse facility that is fully leased to an investment grade tenant roster,” Stuart said in a statement.