JLL selected as leasing agent for logistics facility in Lorton
Realterm NAT has hired JLL’s Northern Virginia office to lease a 48,000-square-foot logistics warehouse on nine acres of paved industrial land in Lorton.
The property at 8550 Terminal Road has more than 550-feet of frontage on I-95, offering tenants visibility from more than 200,000 cars per day. It includes a 7,000-square-foot vehicle maintenance facility.
“This is one of the most unique industrial offerings in the Washington metro area,” John Dettleff, a senior vice resident at JLL, said in a statement.
“It is very rare to find this much available industrial land so close to Washington and surrounded by a densely populated, affluent and young population base.” Dettleff will manage the assignment for JLL.
Realterm NAT, based out of Annapolis, Md., closed on its acquisition of the property last week. The acquisition was made through the firm's Realterm Logistics Fund L.P, a $400 million vehicle that focuses on investments in logistics real estate in primary and key secondary U.S. markets.
Realterm NAT is a subsidiary of Realterm Global, a private equity investment firm and development company focused on logistics and infrastructure assets with about $2.5 billion in assets under management across more than 300 operating and development investments in the U.S., Canada, Europe and India.