Fortune 500 Company Inks Lease at Virginia Inland Port Logistics Center
By Keith Loria June 1, 2022 5:51 pm
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A Fortune 500 company has signed a 10-year, 340,000-square-foot lease at the Virginia Inland Port Logistics Center, a 20-acre site in Front Royal, Va.
The undisclosed company will move into the entirety of 300 Winners Court, a Class A warehouse space, which developer Equus Capital Partners broke ground on last year.
Equus Capital Partners started to build the project after buying the land about a year before, according to John Lesinski, executive vice president of Colliers, who represented the owner in the lease.
“The site is uniquely positioned to offer multiple logistic avenues and transportation options,” Lesinski told Commercial Observer.
The property’s neighboring occupiers include Family Dollar, which has 900,000 square feet; food supplier Baugh-Sysco, which has 800,000 square feet; and plumbing supplier Ferguson Enterprises, which has 630,000 square feet.
“The Virginia Inland Port Logistics Center offers a trophy-class working environment in a strategic location near both I-66 and I-81, which provides superior access to both the Washington, D.C., Metropolitan Area and the Shenandoah Valley,” Lesinski said.
The warehouse has 32-feet ceiling heights, T5 energy-efficient lighting and an ESFR sprinkler system. The property also offers 35 loading docks, two drive-in doors and 103 parking spaces.
Joining Lesinski on the deal was Colliers Vice President Ben Luke, while JLL (JLL) represented the tenant.
Requests for comment from Equus Capital Partners and JLL were not immediately returned.
Update: This story originally misattributed source material. This has been corrected. We apologize for the error.
Keith Loria can be reached at Kloria@commercialobserver.com.
