Morgan Stanley Real Estate Investing Acquires Virginia Logistics Facility for $172.1 Million
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Morgan Stanley Investment Management , through funds managed by Morgan Stanley Real Estate Investing (MSREI), has acquired a newly constructed industrial logistics facility in Stafford, Virginia, for $172.1 million . The acquisition adds a 935,000-square-foot Class A property to MSREI's real estate portfolio, providing exposure to the Northern Virginia industrial market and the region's expanding digital infrastructure economy. Completed in 2026, the facility is leased under a long-term net lease agreement to J.E. Richards, with the lease guaranteed by its investment-grade parent company, Quanta Services Inc., a provider of specialty infrastructure solutions. The property features 40-foot clear heights, a cross-dock configuration and extensive loading capacity designed to accommodate large-scale logistics and distribution operations. Located near Interstate 95, the facility offers access to major transportation routes connecting Northern Virginia with Washington, D.C., Richmond and other East Coast markets. The property is approximately one hour from both Washington and Richmond, positioning it along a key logistics corridor serving the Mid-Atlantic region. "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," said David Gross, managing director at...
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