Matan Companies Signs 138,000 SF Full-Building Lease with DHL at Redstone Industrial in Manassas, VA

An agreement with DHL eCommerce, a global leader in e-commerce logistics solutions

FREDERICK, Md., March 6, 2024 /PRNewswire-PRWeb/ -- Matan Companies announced today the execution of a full-building lease agreement with DHL eCommerce, a global leader in e-commerce logistics solutions, for 138,000 square feet at 11400 University Blvd., Manassas, Virginia.

The signing of this lease follows on the heels of Matan's very successful initial expansion into Prince William County at Parkway 66 on Cushing Road and highlights the company's growing footprint in the region, providing state of the art industrial, logistics and R&D spaces to a wide array of users.

"It is with great pleasure and honor that we welcome DHL to our portfolio as we do our best to support their work as a global logistics leader," said JP Matan, Director of Leasing for the Matan Companies. "We have been so encouraged by the success of our projects in Northern Virginia but are especially appreciative of the performance of our assets in the Manassas area, which is now widely recognized as one of the most sought-after industrial sub-markets in the country."

Redstone Industrial is an approximately 50-acre industrial campus ideally located just off Prince William Parkway in the heart of Manassas, VA. In late 2021 Matan sold 28 Acres of the Project to Carter Machinery and held the remaining acreage for development of the two new buildings. The two buildings totaling 242,000 SF consist of 11450 University Boulevard which is 104,000 SF and set to deliver in January of 2024, and 11400 University Boulevard which is 138,000 SF that DHL now occupies. These brand-new, state of the art, Class A industrial buildings offer 32' clear ceiling height, 50'x52' column spacing, more than 60 dock doors, 120' truck courts, and over 240 parking spaces including eight electric vehicle charging stations. 11450 University Boulevard is still available for lease and offers an ideal location for distribution, manufacturing, warehousing, data centers, or life sciences.

Matan Companies was represented by Brad Benna, and DHL was represented by Andrew Hegmann of Fischer Commercial Real Estate in Dallas, Texas.

About Matan Companies
Matan Companies, headquartered in the Washington, D.C. suburbs, is one of the region's premier commercial real estate services and development firms. Founded over 45 years ago on the principle of providing a comprehensive, full-service approach, the firm's current portfolio consists of over 7 million square feet of industrial/bio-life science/office assets, 15 million square feet in the development pipeline, several active residential developments, and a separate portfolio of multifamily and manufactured housing units. The company delivers a full range of services to their real estate investors and tenants including entitlement/construction management, asset and property management, leasing, and tenant services. For additional information about the Matan Companies, please visit http://www.mataninc.com.

Media Contact

Robyn Campbell, Marketing Manager, Matan, (301) 815-9980, [email protected], www.mataninc.com

SOURCE Matan