Morgan Stanley Real Estate Investing Acquires State-of-the-Art Logistics Facility in Virginia for $172.1 Million
Key Highlights
- ➤MSREI acquired a Stafford, Virginia logistics facility for $172.1 million
- ➤935,000-square-foot facility includes 40-foot clear heights and cross-dock configuration
- ➤Long-term net lease with J.E. Richards is guaranteed by Quanta Services
- ➤MSREI manages $58 billion of gross real estate assets worldwide
Expert Statements
David Gross, Managing Director at Morgan Stanley Real Estate Investing
“This acquisition represents an opportunity to invest in a newly developed, high-quality industrial asset supported by strong tenant credit and compelling long-term demand drivers.”
David Gross, Managing Director at Morgan Stanley Real Estate Investing
“The Northern Virginia region continues to benefit from significant investment in digital infrastructure, which is creating opportunities across the broader ecosystem of businesses and real estate that support its continued expansion.”
Morgan Stanley Real Estate Investing Acquires State-of-the-Art Logistics Facility in Virginia for $172.1 Million
Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition of a newly developed Class A industrial facility located in Stafford, Virginia for $172.1 million. The facility is subject to a long-term net lease agreement with J.E. Richards, with the lease guaranteed by investment grade parent company Quanta Services, Inc., a leading provider of specialty infrastructure solutions.
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