Matan Companies says it has broken ground on two buildings at its latest Northern Virginia project, Redstone Industrial.
The project, which was originally slated for four-buildings before Matan sold the south parcel last Spring, will deliver the newest Class A industrial park to Manassas at an approximately 20-acre development site at 11501 University Blvd.
The buildings will include 32′ clear ceiling heights, tilt-up concrete construction, 50′ x 52′ column spacing, 60′ speed bays, 120′ truck court, along with LED lighting and ESFR sprinkler systems. Matan anticipates delivering the shell buildings in Late Summer of 2023.
“We are very happy to begin construction on these buildings at a time that we feel is optimal for the submarket. With very few options in both Loudoun and Prince William County, these buildings should supply the market exactly what it is in need of,” company representative Brad Benna said in an Oct. 18 statement.
“Our zoning is flexible to allow for just about any use suitable for the 32′ clear product. And while there are economic headwinds out there, early leasing activity for the site has been strong as industrial demand remains strong in the very supply-constrained Washington DC Market.”
